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May 16 – Representative offices in China are not advised to make charitable donations from the China bank accounts as business taxes will be levied. Foreign-invested enterprises are able to donate up to 12 percent of their profits tax free. Dezan Shira & Associates advises that a representative office make a donation on behalf of[…..]
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May 15 – Hong Kong’s fifth-biggest lender, Bank of East Asia, is set to become the first foreign bank approved by Chinese regulators to offer debit card services in the country by next week. “We will target both our existing customers and new clients (in China) for the local currency yuan-denominated debit card issuance, which[…..]
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SHANGHAI, April 24 – The central government lowered the stamp duty on stocks from 0.3 percent to 0.1 percent today in an effort to stabilize the market. China also introduced two new rules to tighten securities management in a move to restore investor confidence in the beleaguered stock market. “After the recent drops in share[…..]
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Third updated edition of the best selling handbook April 9 – The brand new, updated version of our popular China Tax Guide is now available with a complete overview and updates bringing it right up to the moment in dealing with China’s tax laws as they affect foreign investors. This is the third edition of[…..]
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April 7 – China’s States Administration of Taxation recently clarified provisional corporate income tax (CIT) filing for branches of Chinese resident enterprises. Guoshifa [2008] No. 28 applies to resident enterprises which maintain operating branches or establishments in multiple provinces. Headquarters and second-tier branches with business operations are required to file provisional monthly or quarterly CIT[…..]
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China developing quietly as worlds largest commodities trading center Mar. 25 – Amidst the on-going rhetoric about China’s trade imbalances, a little understood, but significant revolution is underway – the massive emergence of China as the worlds largest commodities trading center. Global commodities markets have seen prices of goods such as basic fuels, grains and[…..]
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One week left to file IIT returns on income in China Mar. 24 – Pictured at right is a tax paid form for individual income tax filings for 2007. These are sent to the place of work or residential address of expatriate individuals who have been working in China and who are subject to declaration[…..]
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China reserve requirement ratios now 5.5 percent higher than U.S. norm By Chris Devonshire-Ellis BEIJING, Mar. 21 – The Chinese government has announced its 15th increase since mid 2006 of the minimum reserve ratio deposit lenders must hold in reserve, to a record high of 15.5 percent. This compares to the United States, reeling from[…..]
Showing 8 of 1234 articles