On September 29th 2005, Italy Ilva Saronno lnvestment Company Limited (hereinafter referred to as "Italian IC"), officially approved by the Cooperate Office of Foreign Trade and Economy of Shandong Province...

Discusses the policies that China has orchestrated to harness foreign expertise & investment in its R&D sector.

On the 21st of January 2004, the People’s Bank of China published its draft Regulation on Administration of Auto Loans for consultation, which set out respective rules for auto loans granted to different kinds of debtors as well as for risk management

In this article, we provide you the most updated information on local measures that have been released in different regions of China.

In negotiating a tax treaty, both parties can discuss and cover every topic and insert it in the agreement or protocol.

The three documents introduce new deductions, tax exemptions, and subsidies to stimulate action in three critical areas related to fighting the coronavirus outbreak.

My law firm's international lawyers do a significant amount of transactional work, which we call "happy law." It's generally happy because the buyer and seller largely know what they want from the other side...

The "Golden Tax System Phase III", the new tax management system of China, has been successfully online and running smoothly recently in Beijing...

Since the early 1990s, China has maintained a dual income tax system for foreign invested enterprises ("FIEs") and domestic enterprises. Preferential tax treatment like lower tax rates, tax deductions and tax holidays offered to FIEs was designed to attract foreign investments to China.

The PRC Enterprise Income Tax (EIT) Law and its implementation regulations, effective from 1 January 2008, grant preferential EIT treatment to enterprises involved in public infrastructure, synergistic utilisation of resources, environmental protection, conservation of energy and water and production safety.

Since the release of The Administrative Measures of Special Taxation Adjustment, as Guoshuifa [2009] No. 2 ("Circular 2") by China State Administration of Taxation (the "SAT") in 2009...

Chinas Special Customs Supervision Zones (SCSZs) sind die am besten geeigneten Standorte für ausländische Investoren, die im exportorientierten Handel und in der Produktion tätig sind.

To help foreign investors and taxpayers understand how China computes individual income tax, China Briefing offers a guide outlining how to calculate and withhold IIT for both resident and non-resident individuals.

On 8 August 2017, the State Council issued a notice (Guo Fa [2017] No. 39) announcing measures to encourage foreign investment.

High-net-worth individuals lead complex lives. Their family members, businesses, assets, employees, and plans may span the globe

China’s State Administration of Taxation (SAT) recently issued a circular reinforcing the tax administration of share transfers by non-resident enterprises.

According to China Corporate Income Tax Law ("CIT Law"), a China resident enterprise is subject to China Corporate Income Tax ("CIT") on its worldwide income.

On April 7, 2008, the State Administration of Taxation ("SAT") issued a circular governing provisional Corporate Income Tax ("CIT") payment issues for real estate developers [Guo Shui Han (2008) No. 299] ("Circular 299"), which is retrospectively effective from January 1, 2008.

In alignment with the "Opinions on Further Deepening the Reform of Tax Collection and Administration" issued by the Central Office and the State Office...

As our readers know, foreign investments into the People’s Republic of China ("PRC") are typically structured through one or more holding companies domiciled in offshore jurisdictions.