Companies that have been applying the VAT exemption should complete a detailed review to analyse risks and options.

China is calling for public opinion on the proposed draft amendment to the Individual Income Tax Law. Here is our prediction of what the results could be under the Seventh Individual Income Tax law.

Chinese and foreign nationals employed in China must declare their annual individual income tax before the end of June 2020.

In our Financial Complexity Index 2018, China ranked as the most complex jurisdiction in the world for accounting and tax compliance.

In China, the invoice — or fapiao (发票) — is an essential component of the State Administration of Taxation (SAT).

In March 2005, China kicked off the experiment on securitization of credit assets, which allowed banks to sell their credit assets through issuing the securities in the capital market for refinancing.

Qualified enterprises are being encouraged to increase investment in R&D, and to better support technological innovation.

Some have remarked that, on one hand, the Rules, are to keep abreast of the latest legislative developments and needs and, on the other hand, are intended to pave the way for further reforms in respect of property tax.

Offshore PE funds should assess whether the new expanded exemption could apply to them or their operations in Hong Kong.

On 28 March 2014, China and Germany entered into a new double taxation agreement (DTA) and protocol (together referred to as 'the new DTA').

On August 24, 2009, the State Administration of Taxation (the "SAT") issued the Notice on Individual Income Tax Issues Concerning Stock Incentives, Guo Shui Han [2009] No. 461.

Announcement 11 has declared an end to the twin approaches, and adopted 183 days as the threshold for all tax treaty implementation. The distinction between these two approaches is summarised below

China and Hong Kong have signed the Fifth Protocol to their longstanding double tax avoidance agreement (DTA).

The State Administration of Taxation (SAT) in China has recently provided an overview of anti-avoidance initiatives in the Chinese media.

The corporate income tax rate was reduced from 10 percent to 5 percent for small and micro-businesses. The tax rate is applied to the profit portion from 1 million RMB to 3 million RMB.

2023년 2월 24일, 중국 국가지식산권국(CNIPA)과 최고인민법원은...

Companies producing shale gas/coal bed methane ("CBM") will be subject to a 17% VAT when providing labour services.

The new policy will impact the tax cost of Home Entities and the structuring of international assignment arrangements.

On September 1, 2026, the Ministry of Finance and the State Taxation Administration jointly issued the Announcement on Individual Income Tax Policies Concerning Dividends and Profit Distributions Received by Foreign Individuals (Announcement [2026] No. 27 of the Ministry of Finance and the State Taxation Administration, hereinafter referred to as “Announcement No. 27”), introducing significant changes to the individual income tax treatment of dividends and profit distributions received by foreign individuals from foreign invested enterprises (“FIEs”). Announcement No. 27 took effect upon issuance.

Introduction of relevant announcement points & observations.