On August 8, 2006, the Ministry of Commerce ("MOFCOM"), joined by the State-owned Assets Supervision and Administration Commission of the State Council, State Administration of Taxation, State Administration for Industry and Commerce, China Securities Regulatory Commission ("CSRC") and State Administration of Foreign Exchange, amended and released the Provisions for Foreign Investors to Merge and Acquire Domestic Enterprises (the "M&A Rules").

Recently, the China State Administration of Taxation has issued several circulars strengthening the administration of, and tax collection relating to, services provided by nonresident enterprises.

China's new VAT Law from 2026 clarifies cross-border service taxation, expands zero-rated exports & tightens compliance for multinationals.

China Customs has been actively developing a customs voluntary disclosure system suited to its environment since the launch of the pilot project on enterprise self-regulation management in 2014.

On 25 May 2010, China's State Administration of Taxation (the "SAT") issued another circular to strengthen the collection of land appreciation taxes ("LAT") — "Notice on Reinforcing the Collection and Administration of Land Appreciation Tax" (Guo Shui Fa [2010] No.53) ("Circular 53").

The Measures clarify issues concerning the scope and methods of disclosure as well as procedures, supervision and protection, etc.

FATCA will strengthen the taxation of offshore investment (such as offshore financial assets & accounts) by US persons.

Global growth is projected at –4.9% in 2020, according to the June 2020 World Economic Outlook (WEO) forecast issued by the IMF.

The OECD Common Reporting Standards are designed to facilitate global exchange of financial account data. Foreign accounts and structures owned by Chinese tax resident individuals...

This Rule will establish more specific and systematic rules for preferential tax treatment of policy-based relocations.

A "tax health check" would give a company or its (foreign) shareholders a clear overview of the tax situation in China.

A tax health check in China is a review of tax-related matters of a business entity, to identify risks and liabilities.

China has introduced various forms of foreign investments in the gradual process of opening up its capital market to foreign investors.

For most employers, false reimbursement is a serious disciplinary violation under their rules and regulations, often forming the basis for dismissing employees found to have made such false claims.

While we await the outcome of the upcoming US elections, stakeholders in the energy tax and policy space should recognize that, regardless of the outcome of the election...

Traditionally, a company must obtain VAT general taxpayer status in order to be able to issue special VAT invoices.

Below is a brief summary and discussion of the application of Announcement 7, which applies to indirect transfers of PRC entities or properties by offshore investors.

During a short period of 30 days, China State Administration of Taxation ("SAT") had released two notices regarding anti-avoidance measures, measures that would impact directly the daily operation of taxpayers.

The People’s Republic of China (PRC) State Administration of Taxation (SAT) recently issued two interpretive tax circulars which are likely to have an impact on international tax planning by foreign investors for their China-related investments.

As inflationary pressure continues to endure and high levels of interest rates persist, almost all businesses have had to turn their attention to working capital management.