Reduced tax burdens should attract international talent and encourage economic growth in China.

China is actively cultivating an enabling business environment to promote the expansion of small enterprises.

In a nutshell, the Convention can be described as a multilateral agreement designed to promote international cooperation regarding tax laws.

Recently, Jiandu City State Tax Bureau in Jiansu Province, China, collected RMB173 million (US$25.4 million) on capital gain on an indirect transfer of 49 percent equity interest in a Chinese company.

Here's why China's number one ranking for financial complexity is not as alarming as it may appear.

The Tax Cuts and Jobs Act (TCJA) of 2017, which was signed into law during President Donald Trump's first term, lowered tax rates overall. While the current legislation is slated to expire at the end of 2025 if Congress...

Compared with Circular No. 85, Circular No. 101 has introduced the following new tax preferences...

The China State Administration of Taxation recently issued a notice extending the taxation of capital gains by non-Chinese tax residents arising from indirect transfers of Chinese assets.

Recently the Chinese government implemented various measures to encourage companies to engage in R&D activities.

While Circular 48 provides a brief window of clarity on leasing, maybe the next circular will clarify the Business Tax.

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.

Taxation of enterprise reorganisation is a current focus of PRC tax authorities. The Circular on Several Issues Concerning the Enterprise Income Tax Treatment of Enterprise Reorganisations ("Circular 59"), issued on 30 April 2009 and retroactive from 1 January 2008, outlines the tax treatment of equity transfers in connection with an enterprise reorganisation. It distinguishes between a deal where capital gains are subject to a withholding tax at the time of the transaction, and one where the ta

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.

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

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.

Among the cross-border contracts between Chinese and foreign enterprises, the most common are purchase and sale contracts for goods, service contracts, royalty contracts and so on.

China has a VAT rebate system that reduces the 13% domestic value-added tax (VAT) on certain exported goods.

For exporters in China, indirect taxes paid during the production and distribution process can be refunded.