A number of tax regulations in China have been updated due to changes in government policy.

A number of tax regulations in China have been updated due to changes in government policy.

As the following table shows, a Signatory or Party to the Convention can choose to apply paragraph 4 either in addition to or to the exclusion of paragraph 1.

This paper will focus on Article 16 - mutual agreement procedure (the MAP) and will be organized in the following way:

Explains policy regarding enterprise income tax.

Voluntary deregistration of a company in China is a rigorous process that involves multiple steps and requires adherence to detailed legal provisions.

In the December 2006 issue of China Outbound, we provided several reasons why Germany has become the number one destination for Chinese companies establishing operations in Europe and described some of the main legal parameters for German M&A investment by a Chinese investor.

Over the past four decades, China has transformed from a country of near economic isolation into an influential global leader in trading and foreign direct investment (FDI).

On 26 October 2011, the State Council announced the launching of a pilot VAT reform program from 1 January 2012.

On 21 August 2006, the Mainland government and the Hong Kong SAR government signed an "Arrangement between the Mainland of China and the Hong Kong Special Administrative Region for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income" (the "New Arrangement").

On June 16, 2015, China State Administration of Taxation ("SAT") promulgated the [2015] No. 45 Announcement on Standardizing the Administration of Cost Sharing Agreement.

The National People's Congress of the People’s Republic of China has adopted on 16 March 2007 the long-awaited "PRC Enterprise Income Tax Law" which will become effective as of 1 January 2008.

In this article, Alvarez & Marsal (A&M) has communicated with the Enterprise Service Center of the People's Government of Hongqiao to understand its current investment environment.

On 18 March, 2015, China State Administration of Taxation released one important regulation regarding outbound payments by Chinese entities to overseas related parties.

China signed the MLI on 7 June 2017. It has opted out of the MLI's permanent establishment (PE) provisions concerning (i) artificial avoidance of PE status through commissionaire arrangements and similar strategies;

The VAT Transition Pilot Expansion Program was implemented in Shanghai and is a landmark event in Chinese tax reform.

On September 19, 2008, the Ministry of Finance and the State Administration of Taxation issued the Notice Concerning Taxation Policies for the Standards for Pre-Tax Deduction of Interest Payments Made to Related Parties, Cai Shui (2008) No. 121 (the "Notice"). The Notice provides guidance for the implementation

When Christie's Auction House first entered the secondary art market of mainland China in 2005, it licensed its brand to a local auction house and received a total of RMB 97,000,000 (roughly $12,100,000) for its inaugural sale.

According to a recent survey of top executives from the largest Chinese companies, Germany is the number one destination for Chinese companies establishing operations in Europe. The reason: favorable conditions that suit international first-timers.

In China, there are two major kinds of turnover taxes, i.e. VAT and business tax ("BT").