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On April 30, 2009, the Ministry of Finance and the State Administration of Taxation (the "SAT") jointly issued the Notice on Certain Issues of Corporate Income Tax Treatment of Enterprise Reorganizations (the "Notice"), Cai Shui (2009) No. 59.

Effective 1 January 2009, the levying principle of business tax on services in the People's Republic of China has been changed from where the service is performed to where the service provider or the service recipient is located.

What revisions are impacting the region this year and how should companies prepare?

Chinese tax authorities have been focusing increasingly on secondment arrangements of foreign companies in China.

The amended PRC Provisional Regulations on Business Tax (Provisional Regulations) and the PRC Implementation Rules for Provisional Regulations on Business Tax (Implementation Rules) both took effect on January 1, 2009.

Tax authorities in the People’s Republic of China (“PRC”) are strengthening their oversight of non-resident enterprises.

What tax measures have been introduced to support businesses impacted by COVID-19 – and what other rules have changed in APAC since 1 January?

On January 29, 2016, the State Administration of Taxation, the Ministry of Finance and the Ministry of Science and Technology jointly issued the Revised Measure for Certification...

This year will mark a half-decade since the release of Circular 698

为应对新冠疫情，政府出台了哪些税务措施，助力企业渡过难关？自1月1日起，又有哪些法规变动？

China has released new rules on the tax treatment of various types of corporate reorganisations, including equity and asset acquisitions, mergers, debt restructurings and enterprise spin-offs.

On 17 November 2011, the Ministry of Finance ("MOF") and the State Administration of Taxation ("SAT") introduced a pilot programme in Shanghai to replace Business Tax with Value-added Tax ("VAT") commencing 1 January 2012.

Under the New Corporate Income Tax Law (“CIT Law”), those High/New Technology Enterprises (“HNTEs”) eligible for key support from the State may enjoy a reduced income tax of 15%, as opposed to the standard tax rate of 25%.

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

China has rolled out more tax cuts worth up to RMB 60bn for small businesses to encourage innovation. Companies can enjoy full benefits from the new measures if they obtain guidance from the right partner.

When a Chinese company goes public in the U.S., it typically does so through a U.S. corporation. Under the resulting ownership structure, the Chinese company is owned by the U.S. corporation, often indirectly through an intermediary corporation domiciled in a jurisdiction other than the United States or China (i.e., a foreign intermediary corporation).

On November 10, 2008, the China State Council issued the amended Provisional Regulations of the PRC on Business Tax ("BT Regulations"). On December 15, 2008, the Ministry of Finance and the State Administration of Taxation ("SAT") issued the Implementation Rules of the Provisional Regulations of the PRC on Business Tax ("BT Rules").