Other Briefings
Withholding Corporate Income Tax in China
Withholding Corporate Income Tax (CIT) is applied to China-sourced income derived by non-resident enterprises without establishments in China. Read more about withholding CIT here.
China to Cut US$9.5 Billion in Taxes for Small and Micro Enterprises, High-tech Firms
On April 25, the State Council announced that China will cut more than RMB 60 billion (US$9.5 billion) worth of taxes for small and micro enterprises and high-tech firms. Read the details here.
China’s New VAT Rates: Prepare for May 1 Transition
China’s new VAT rates are set to take effect on May 1, 2018. Companies located in or doing business with China should take action to adjust to the tax updates and determine how their operations will be affected.
China Slashes VAT Rates in US$64 Billion Tax Cut
China will cut value-added tax (VAT) rates for businesses in the manufacturing, transportation, construction, telecommunication, and agricultural sectors, according to Premier Li Keqiang.
Non-profit Organizations in China: How to Apply for Tax Exempt Status
China has amended qualification standards and procedures for non-profit organizations (NPOs) to acquire tax exempt status. Read about the new rules here.
Hong Kong Account Holders: Prepare for AEOI Reporting
Hong Kong account holders – both individuals and entities – must prepare to report their tax information to the Inland Revenue Department (IRD) by May 2018 for exchange with partner countries.
Hong Kong’s New Transfer Pricing Regime
Hong Kong’s new Amendment Bill represents a crucial step in the development of Hong Kong’s transfer pricing regulatory and enforcement regime. Here, we look at the key elements of Hong Kong’s new transfer pricing regime.
China on Beneficial Ownership, Safe Harbor Rule: Claiming Tax Treaty Benefits
China recently released the long-awaited Public Notice [2018] No.9 (Public Notice 9). Public Notice 9 provides additional guidance on assessing the beneficial ownership status for the purpose of enjoying the treaty benefits under China’s tax treaties, including the China-Hong Kong Double Tax Agreement.
