Tax & Accounting

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  August 13, 2018 by China Briefing Reading Time: 4 minutes
  

  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.
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  August 7, 2018 by China Briefing Reading Time: 6 minutes
  

  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.
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  July 24, 2018 by China Briefing Reading Time: 5 minutes
  

  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.
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  July 19, 2018 by China Briefing Reading Time: 2 minutes
  

  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.
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  July 11, 2018 by China Briefing Reading Time: 5 minutes
  

  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.
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  June 28, 2018 by China Briefing Reading Time: 4 minutes
  

  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.
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  June 20, 2018 by China Briefing Reading Time: 2 minutes
  

  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.
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  June 19, 2018 by China Briefing Reading Time: 3 minutes
  

  CIT Deductions in China: Tax Department Clarifies Documents Required

  Last week, China’s State Administration of Taxation released measures clarifying what documents are needed for corporate income tax (CIT) deductions.