Other Briefings
Case Study: Capital Gain Tax Treatment- Part 1: Taxation Under the China-Hong Kong Double Tax Agreement
In an effort to avoid double taxation and clamp down on tax evasion, Hong Kong entered into a Double Taxation Arrangement with China in 2006. In this case study, we focus on how foreign companies can qualify for tax exemption on capital gains under the agreement.
Revisiting Transfer Pricing in China: a Year of New Regulations – New Issue of China Briefing Magazine
The latest issue of China Briefing Magazine, focusing on China’s new 2016 regulations regarding transfer pricing, is out now and available for download in the Asia Briefing bookstore.
Post VAT Reform: Defining Small Scale and General Taxpayer Status in China
Prior to the full implementation of the VAT reform in May, the SAT released an announcement clarifying the scope of small scale and general taxpayers. In this article, we look at how to determine if your entity qualifies for general taxpayer status.
China Introduces Wide-Sweeping New Transfer Pricing Rules
On June 29, China’s State Administration of Taxation issued new transfer pricing rules for the country. Set to fundamentally change how China regulates transfer pricing, the new law forms part of China’s movement towards implementing stricter supervision on intercompany/related-party transactions.
Inflicting Loss on Investors through Cooked Books: Assessing Accounting Fraud in China
Although accounting fraud is a global issue, China’s investment climate presents higher risk. In this article, we look at accounting misconduct in China and the recent amendments made by the IASB to help investors better understand an entity’s business state.
China Dismantles Controls of Yuan Conversion on Capital Account, Impacting Foreign Institutions
After one year of China’s RMB conversion pilot program in its four Free Trade Zones, the government is ambitiously introducing the policy nationwide to all non-financial institutions, both domestic and foreign, to help internationalize the RMB, secure its evaluation, and stabilize foreign exchange rates.
China’s VAT Reform and its Implications for RO Tax Structure
The recent finalization of VAT reform was China’s biggest tax overhaul within the last 20 years. Changes include the tax rate on business activities conducted by ROs in China, which has been reduced from five percent to three percent.
China’s Resource Tax Reform Presents New Opportunities and Restrictions in the Mining Sector
China’s national resource tax reform will comprehensively come into effect on July 1, meaning that the resource tax will be levied based on each resource’s price instead of its quantity. In this article, we discuss the upcoming nationwide resource tax reform and its impact on foreign mining companies in China.
