The latest issue of China Briefing Magazine, How to Manage Transfer Pricing in China, is out now and available for download from the Asia Briefing Publication Store.
Companies in China that relocate to a new location or city face unique land appreciation tax considerations. In this article, we look at company relocation and land appreciation 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.
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 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 will cut value-added tax (VAT) rates for businesses in the manufacturing, transportation, construction, telecommunication, and agricultural sectors, according to Premier Li Keqiang.
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 – 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.