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The Interpretation of the Agreement between the Government of the PRC and the Government of the Republic of Singapore for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income and the Protocol of the Agreement was promulgated by the State Administration of Taxation on 1 September 2010 ("Circular 75"). Although merely an interpretation of the PRC-Singapore tax treaty, it applies to all similar double tax treaty provisions and supersedes all previou

The State Administration of Taxation released Shuizonghan [2013] No. 165 to further clarify the beneficiary ownership rules with respect to dividends.

China has introduced a comprehensive Individual Income Tax regime for offshore trusts, imposing a 20% flat tax on settlors and beneficiaries with Chinese connections. With a 90-day transition window now in effect, affected individuals must urgently assess their disclosure obligations and consider whether existing trust structures remain viable under the new rules.

On 10 December 2009, the State Administration of Taxation issued a circular on strengthening enterprise income tax ("EIT") administration on gains from equity transfers by foreign non-resi¬dent enterprises ("Circular 698").

Micro and small enterprises should properly calculate and report the required data to ensure the preferential CIT rate.

On 17 September, 2015, China State Administration of Taxation ("SAT") released the Discussion Draft for the Implementation Measures for Special Tax Adjustments ("Discussion Draft")...

China's tax landscape offers expatriates several strategic advantages through residency planning, compensation structuring, and cross-border arrangements. Understanding the six-year rule, benefits-in-kind exclusions, and salary-split mechanisms can significantly reduce effective tax burdens for foreign employees navigating international assignments in one of the world's largest business destinations.

Annual tax filing management can now be conducted via the online tax payment service. This means that non-resident enterprises do not need to be physically present in China to handle tax-related issues.

The term "beneficial owner" has been used in various tax treaties between mainland China and other foreign countries (including the double taxation arrangements with Hong Kong and Macao) and the status is often a pre-requisite for non-resident enterprises claiming preferential tax treatment in the PRC.

A new tax circular relating to the increase of the cap on deductible advertisement and promotion fees in China’s pharmaceutical, cosmetic and beverage industries.was introduced on 31 July 2009 (“Circular”).

On 7 May 2018, the China Banking & Insurance Regulatory Commission (C-BIRC) issued its Guidance in Respect of the Development of Personal Income Tax-Deferred Pension (Insurance) Products (the Guidance).

It has been a common practice for many multinational companies (“MNCs”) to assign personnel from headquarters or other offshore group companies to take senior positions within their subsidiaries in China under secondment arrangements.

The Chinese State Administration of Taxation recently released the circular Guoshuihan [2009] No. 601 ("Circular").

Many multinational corporations set up holding companies in favorable jurisdictions to hold equity investments in China .

Taxation affects almost all aspects of doing business in China.

Recently, China clarifies that individuals shall be liable for individual income tax (‘IIT’) on income derived from assignment of trade-restricted shares. According to the Supplementary Notice on Individual Income Tax Issues regarding Transfer of Trade-Restricted Shares (Caishui [2010] No. 70) ("Circular 70"), "trade-restricted shares" refers to shares which have been locked up during initial public offerings.

On December 10, 2009, the State Administration of Taxation issued the Notice on Strengthening the Administration of Corporate Income Tax Concerning Equity Transfer for Nonresident Enterprises, Guo Shui Han [2009] No. 698 (the "Notice").