Latest News

Showing 8 of 1226 articles
  • by Reading Time: < 1 minute

    Income tax on securities trading exempted

    Mar. 21 – In a move aimed at boosting the current gloomy stock market, China will not levy a tax on corporate earning from securities trading at the moment. Income from stock and bonds trading by securities investment funds will be free from corporate income tax for the time being said a statement released by[…..]

  • by Reading Time: < 1 minute

    Shenzhen to open Nasdaq-style stock market

    Beijing set to approve second board for Chinese SMEs By Chris Devonshire-Ellis Mar. 19 – The China Securities Regulatory Commission (CSRC) is set to begin reviewing listing applications for listing on the new Nasdaq-styled second board in Shenzhen, according to its chairman Shang Fulin. This begins the process of the long-awaited second board development, and[…..]

  • by Reading Time: 2 minutes

    China’s corporate income tax implementation further clarified

    Mar. 14 – China’s Corporate Income Tax Law, effective from January 1, has been a work in progress for quite some time. As the tax law itself is more principle-based rather than rules-based, the government has relied on publishing various implementation rules and circulars to clarify how the law is to be implemented. Three important tax circulars[…..]

  • by Reading Time: < 1 minute

    Tax treaties may help reduce WHT burden under new CIT

    Mar. 12 – As stated in the implementation rules for the new corporate tax law released late last year, withholding tax on dividend payment to non-residents is 10 percent. Because dividends derived by foreign investors were exempt from taxes under the old tax regime, foreign investors have see their worldwide tax burden increase and their expected returns from investment[…..]

  • by Reading Time: < 1 minute

    Individual income tax reports must be filed by the end of March

    Expatriates earning income in China must self report within the next two weeks  Mar. 8 – China’s new self reporting regulations dictate that expatriates working in China and earning salaries of over RMB120,000 annually must complete self reporting and complete their individual income tax returns by the end of this month. Late payment penalties of[…..]

  • by Reading Time: < 1 minute

    China allows more foreign banks to incorporate locally

    BEIJING, Mar. 7 – China’s banking regulator said yesterday it would continue to push for the local incorporation of foreign banks. The China Banking Regulatory Commission (CBRC) also urged locally incorporated foreign banks to build a wall separating themselves from parent banks and remaining Chinese branches. They should also set up independent risk control, accounting and[…..]

  • by Reading Time: 4 minutes

    Oh Shanghai, where art thou?

    The development of the city into an international financial center has stalled By Chris Devonshire-Ellis  SINGAPORE, Feb. 29 – The much lauded attempts to reposition Shanghai as a regional financial center appear to have ground to a complete halt. Statements made just a few years ago such as “In five years we will overtake Hong[…..]

  • by Reading Time: < 1 minute

    China securities regulator appoints new vice-chairman

    Feb. 28 – The China Securities Regulatory Commission announced today that it has appointed Yao Gang as a vice-chairman, amid a slew of high-level personnel changes. Yao was formerly an assistant to CSRC chairman and director of the CSRC public offering supervision department, Xinhua reported the CSRC website stating. The securities regulator also named Zhu[…..]

Showing 8 of 1226 articles