Other Briefings
How to Apply for CIT Incentives in China
China offers a number of preferential corporate income tax policies for businesses operating in the country. These preferential tax treatments, however, do not automatically apply – businesses must first determine their eligibility and carry out the appropriate steps to benefit from the incentives.
How to Save VAT on Cross-border Transactions in China
Value-added tax (VAT) applies to goods and services in China. However, zero-rated transactions and VAT-exempt transactions are two ways in which the taxpayer can benefit from VAT relief.
Intra-group Service Fee Treatment in China
Tax authorities in China heavily scrutinize intra-group service fees paid by Chinese enterprises to the overseas-related parties to regulate tax avoidance and profit shifting.
IIT Reform in China: What’s in the Draft Law?
China has unveiled a series of Draft Amendments to its IIT Laws, which are intended to boost consumption while combating the effects of rising living costs.
Preferential CIT Policies for Small and Low-Profit Enterprises in China
China’s State Administration of Taxation (SAT) clarified its preferential corporate income tax (CIT) policies for small and low-profit enterprises in an announcement released on July 13.
Best Practices for Year-end Transfer Pricing Adjustments in China
When related party transaction deviations are found in a year-end review, tax professionals will voluntarily make precautionary adjustments to minimize the risk of being investigated by the tax authorities.
The Scope of Contemporaneous Documentation in China
In China, entities with related party transactions above certain thresholds must prepare the contemporaneous documentation – master file, local file, or special file – in line with corresponding requirements and before stipulated deadlines.
Tax, Accounting and Audit in China 2018 – New Publication from China Briefing
Tax, Accounting and Audit in China 2018, the latest publication from China Briefing and Dezan Shira & Associates, is out now and available for download through the Asia Briefing Publication Store.
