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    China’s audit regulations – Filings shortly due

    Getting prepared for your annual audit inspection By Chris Devonshire-Ellis BEIJING, Dec. 19 – All foreign invested businesses in China are required to prepare annual financial statements, including balance sheets and income statements for their annual Chinese audit. Such accounts must be in accordance with the Chinese accounting standards for business enterprises – there are[…..]

  • by Reading Time: 4 minutes

    China 2008 annual renewals due: Are you up to speed?

    Government departments need your reports for various business license renewals By Chris Devonshire-Ellis It’s that time of year again folks, timed right at the end of the calendar year, and just when westernized business administrators are thinking of skiing holidays, the kids at home and New Years parties – the atheist, yet pragmatic Chinese government[…..]

  • by Reading Time: 4 minutes

    China publishes implementation rules for new corporate income tax

    By Andy Scott SHANGHAI, Dec. 14 – China’s State Council approved the long-awaited implementation rules for the country’s new corporate income tax law on December 6. The Detailed Implementation Regulations, prepared by the Ministry of Finance and the State Administration of Taxation, contains eight chapters and 133 articles. Here we look at some of the[…..]

  • by Reading Time: 1 minute

    Breach of Regulation #43 causing problems for FIEs’ tax holidays

    By Andy Scott Dec. 7 – As China moves to implement the new corporate income tax regulations, many FIEs are losing their tax holidays as the State Administration of Taxation puts them under increased scrutiny ahead of the new law’s implantation. China’s tax authority has increasingly focused on FIEs that previously enjoyed tax relief. As[…..]

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    Tax breaks disappear in draft of corporate income tax implementation rules

    By Andy Scott SHANGHAI, Nov. 15 – China has drafted executive regulations for a new corporate income tax law that will harmonize the domestic and foreign rates, and the final draft has been submitted to the State Council for approval, the China Securities Journal reported on Wednesday, citing an expert close to the issue. The[…..]

  • by Reading Time: 2 minutes

    Tax in the city

    Global accounting now sexy!!! – Official By Chris Devonshire-Ellis  As we mentioned last week, Dezan Shira & Associates are the China members of The Leading Edge Alliance, a US$1.3 billion turnover global accounting network with members who are the most important non-Big 4 firms within their respective regions. Last week was the Alliance’s annual Managing[…..]

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    Property tax may take effect in 2008

    China is expected to levy a property tax in 10 regions on a trial basis next year; the China Securities Journal reported yesterday quoting what it said was a well-informed source. The State Administration of Taxation picked 10 provinces and cities, including Beijing, Shenzhen, Dalian, Jiangsu and Chongqing who may start paying taxes on property[…..]

  • by Reading Time: 2 minutes

    From Dongguan to Shenzhen, how IIT for foreigners is still a confusing issue

    By Lily Xu and Rosario Di Maggio/Dezan Shira & Associates  GUANGZHOU, Sept. 30 – Individual income tax (IIT) in China is a complex subject and often misunderstood. Ask one expatriate, then ask another, and they’ll give you different opinions. However unfortunately, expatriates do not decide China’s tax regulations. Neither is the situation short of clarity[…..]

Showing 8 of 1141 articles