Other Briefings
Taxpayers Required to Revise 2008 Corporate Returns
Dec. 2 – The State Administration of Taxation is requiring companies to revise their enterprise income tax filing cycle for 2008 to reflect tax circulars issued after May 31, 2009. This may lead to changes in taxes filed for the 2008 annual EIT return forms. The deadline for filing the changes is set before the […]
Fuel Surcharges Hike for International Flights Coming from Mainland, Hong Kong
SHANGHAI, Dec. 2 – Airlines have hiked fuel surcharges by as high as 50 percent for international flights coming from the mainland and Hong Kong. According to Global Times, Air China increased charges from RMB200 yuan to RMB300 on flights to Singapore and Thailand. Cathay Pacific will implement a fuel add-on for flights less than […]
New Issue of China Briefing: Managing Your Human Capital
Dec. 1 – The December issue of China Briefing magazine is out now and available for download (click on the image – complimentary subscription required). In this issue, we take a look at human resources and how foreign-invested companies in China can better manage them. Hiring and retaining competent and efficient staff is one of […]
Dezan Shira Awarded Most Active Firm at Milan’s China Awards
Dec. 1 – Dezan Shira & Associates was awarded the Lombard Elite prize for most active professional firm on the Chinese market at the fourth annual China Awards in Milan on November 25. The awards, organized by Fondazione Italia Cina and Milano Finanza and supported by the Italian Ministry for the Economic Development and the […]
Vehicle Sales Tax Breaks to Continue Next Year
Nov. 30 – Vehicle sales tax breaks and rebates for fuel-efficient vehicles are set to be extended to next year ensuring the continued strength of the Chinese automobile market. The preferential tax policy was intended to be applicable only until the end of this year when vehicle purchase taxes were slashed by half for vehicles […]
SAT Clarifies Income Tax Levy for Subleasing Property
Nov. 30 – China’s State Administration of Taxation has released a circular clarifying issues on individual income tax levy for individuals subleasing property. The circular highlights the following issues on individual income tax for rental incomes from individuals subleasing property as follows:
Deadlines for VAT Deduction Vouchers Clarified
Nov. 26 – China’s State Administration of Taxation (SAT) has released a circular explaining the deadlines of tax deductions for VAT deduction vouchers effective January 1, 2010. According to the circular, taxpayers who are given special VAT receipts after January 1, 2010 for invoices for roads and inland river freight forwarding and invoices for motor […]
Shanghai Expats Now Eligible for Social Security and Pensions
SHANGHAI, Nov. 25 – Shanghai’s Human Resources and Social Security Bureau has announced rules to extend the city’s social security program to expatriate employees. The moves mean that expats will be able to claim for coverage for sick pay and work place injuries provided they pay into the system. Previously expatriate staff had to contribute […]
