Other Briefings
The BEPS Action Plan in China and Hong Kong: Impact Assessment for Foreign Enterprises
Hong Kong has released implementing measures to support the OECD’s base erosion profit shifting (BEPS) package, a tool to prevent strategies that exploit tax law loopholes in order to shift profits abroad. This article explores the localisation of BEPS actions in both Hong Kong and China, and provides MNEs with advice for impact assessment.
Case Study: Capital Increases and IIT Calculation During Equity Transfers in China
Equity transfer is a common component of the M&A process, taxation of which is a complex issue. If entities incorrectly calculate tax obligations, then they risk being reprimanded by tax authorities. This case study will explore several issues that hinder clear tax declaration when executing an equity transfer.
Understanding China’s VAT Accounting Guidelines
The Ministry of Finance has issued regulations on how VAT is accounted for, ready for the annual reporting deadline. Find out more about what the implications of the clarified terminology and standardized accounting methods are for foreign businesses operating in China.
An Overview of China’s VAT Reform
Hailed as China’s most significant tax reform in over two decades, the value-added tax (VAT) was implemented as the country’s only indirect tax in 2016. The government envisions the reform to further propel growth in services and consumption as China pivots away from the low value-added industries.
Understanding China’s Tax Offenders Blacklist System
China’s blacklist system for tax violations can result in the public disclosure of offenders’ information, as well as a myriad of other penalties. Find out what tax-related offences can result in government censure, and how offenders can restore their credit.
An Overview of Transfer Pricing in China
Transfer Pricing has fast become one of the standout issues in international taxation. In this article, you can find out more about Transfer Pricing in China from a webinar and Q&A session held by Dezan Shira & Associates.
Evaluating China’s VAT Reform – New Issue of China Briefing Magazine
The latest issue of China Briefing Magazine, focusing on China’s VAT reform, is out now and available for download in the Asia Briefing Publication Store.
China’s New Related Party Transaction Reporting Regulation: Implications for Annual Audit in China
As the end of the financial year looms, multinational entities operating in China should be aware of the new law regarding related party transaction filing. Here we detail the new regulation and the potential risks it carries for companies conducting annual audit.
