If the tax bureau decides the IIT filing for tax-free items does not comply with the law, it is regarded as tax evasion.

Circular 36 effectively ends the application of BT to sales of services, intangibles, and real property.

From April to May 2022, the VAT credit refunds totalled 1.34 trillion yuan. According to the Announcement [2022] No. 21, starting from 1 July, companies in another seven sectors...

China has clarified the definition of beneficial owners in the provision of tax treaty dividends. The new requirements have been effective since 1 April 2018.

On November 7, 2019, China's State Administration of Tax (SAT) released the Announcement on Matters Related to Tax Credit Restoration (SAT Announcement [2019] No.37), effective from January 1, 2020.

This income tax overview shows the deductions and tax-free items, which allow foreign employees to minimize payable IIT.

Companies and individuals should ensure that they always comply with the requirements of their local tax bureau.

As anticipated, on 6 February 2015, China's State Administration of Taxation issued Public Notice [2015] No. 7 dealing with indirect transfers of Chinese taxable assets.

Foreign enterprises often come across a baffling issue when providing technical or consulting services by dispatching employees to its Chinese partners or affiliates. They are mandated to pay enterprise income tax...

China announced a new incentive regime aimed at encouraging foreign investors to reinvest profits onshore.

Welcome to the Asia Tax Bulletin, winter 2021/22 edition. I would like to make a special note about the recent ‘Grey-listing' of Hong Kong and Malaysia by the European Union (EU)...

In 2018, the World Customs Organization (WCO) published a new edition of the Guide to Customs and Transfer Pricing.

Technology import contracts are contracts that involve the import of technology (“Technology Import Contract” or “Contract”) and include standard intellectual property rights licence contracts, technical service contracts, technical consultancy agreements and cooperative contracts for development, production and/or research.

泰国投资委员会（BOI）对外资控股与土地所有权实施新限制

The China Corporate Income Tax Law, which came into effect on January 1, 2008, provides a reduced 15 percent Corporate Income Tax ("CIT") rate for high- and new-technology enterprises encouraged by the State, compared to the regular CIT rate of 25 percent.

The global recession has put great pressure on revenue authorities worldwide. China is no exception. Recently China’s State Administration of Taxation (“SAT”) issued a number of circulars to strengthen the protection of tax revenues.

Under mainland China's tax system, tax bureaus have relatively strong discretionary power in the application of tax laws. Additionally, because the informal rulings of tax authorities are almost

Dividend repatriation is one of the main methods used by overseas shareholders for retrieving funds from Chinses investments, given the jurisdiction's foreign exchange controls.

The concept of "smart economy" has led multinational corporations (MNCs) to view technology as a core asset. Recognizing this trend, many jurisdictions are offering various incentives...

The above measures are expected be implemented one after another soon.