China Tax/Business News Flash

The China Tax and Business News Flash is issued by our National Tax Policy Services Team.  We are a team of experienced professionals dedicated to monitor, study and analyse the existing and evolving policies in taxation and other business regulations in China, with the aim to support our professionals in the course of their provision of quality professional services to businesses and to maintain our thought-leadership by sharing knowledge with the relevant tax and other regulatory authorities, academies, business communities, professionals, as well as any party who is interested in our professional knowledge.

2017

 
   
 
     
Aug 2017 Issue 27    Outlook for the proposed US tax reform (III) – US government and Republican Congressional leaders release a joint statement indicating tax reform legislation timeline
                       
Jul 2017 Issue 26    Pudong released the measures of financial subsidy during the 13th five-year period aiming to accelerate headquarters economy, industry growth and talent innovation
                       
Jul 2017 Issue 25    Negative List of the Industry Catalogue Guide for Foreign Investment is further shortened to deepen the opening up to foreign capital
                       
Jul 2017 Issue 24    Surprise?! VAT Supplementary Circular in Asset Management Sector Released at the last minute
                       
Jun 2017 Issue 23    China released 2017 version of negative list to further facilitate foreign investment in the pilot free trade zones
                       
Jun 2017 Issue 22    A new landscape of China’s tax treaties: China signs the Multilateral Convention and reveals her positions
                       
Jun 2017 Issue 21    How does China CRS impact high net worth individuals
                       
May 2017 Issue 20    Further Clarification on the Registration Administration for Representative Offices of Overseas NGOs
                       
May 2017 Issue 18    Thousand Groups Project in Progress - Further Collaboration between the Chinese Tax Authorities and Enterprises
                       
May 2017 Issue 17    Tax risks alert - SAT introduces CIT policy risks alert service
                       
May 2017 Issue 15    Super tax incentives for venture capital enterprises and angel investors
                       
Apr 2017 Issue 14    “1+3+7” China’s brand new pattern of Pilot Free Trade Zones (2): A step forward upon the release of the in-depth reform plan of the Shanghai PFTZ
                       
Apr 2017 Issue 13    Further clarification of B2V policies for certain relevant industries
                       
Apr 2017 Issue 12    Outlook for the proposed US tax reform (II) - highlights of the new President’s tax reform principles
                       
Apr 2017 Issue 11    Release of the Administrative Measures on the Thousand Groups List - clearer scope and more regulated work procedures
                       
Mar 2017 Issue 10    “1+3+7” China’s brand new pattern of Pilot Free Trade Zones (1): Achievements review and general introduction of the new PFTZs
                       
Mar 2017 Issue 9    Outlook for proposed US tax reform: implications for China and Chinese companies
                       
Mar 2017 Issue 8    SAT issues administrative measures for special tax investigation adjustments and mutual agreement procedures
                       
Mar 2017 Issue 7    Review and outlook of consumption tax reform - moving ahead steadily and getting ready for further actions
                       
Mar 2017 Issue 6    Interpretation of key fiscal and taxation tasks in 2017 delivered in recent National People’s Congress
                       
Feb 2017 Issue 5    New policy direction for establishing regional headquarters in Shanghai by multinational corporations
                       
Feb 2017 Issue 4    SAFE released new circular to facilitate trade and investment and enhance authenticity and compliance review
                       
Feb 2017 Issue 3    China unveils 20 measures to further open up the economy to foreign investment
                       
Feb 2017 Issue 2    The proposed dedicated tax regime for aircraft leasing business in Hong Kong
                       
Jan 2017 Issue 1    More foreign teachers in China may have the opportunity to enjoy tax treaty benefits
                       

2016

 
   
 
     
Dec 2016 Issue 40    China introduces the first green tax law for environmental protection
                       
Dec 2016 Issue 39    A Glance at the tax implications of the Shenzhen - Hong Kong stock connect
                       
Dec 2016 Issue 38    New B2V circular released - Clarification on hot B2V issues to bring more benefits to taxpayers
                       
Dec 2016 Issue 37    Industry issues under the B2V pilot program gradually resolved with follow-up circulars
                       
Dec 2016 Issue 36    Development of transfer pricing administration and investigation in China
                       
Dec 2016 Issue 35    Comprehensive interpretation of the new VAT accounting regulations
                       
Dec 2016 Issue 34    Interpretation of the key messages delivered at the national tax work conference on the administration on large business groups
                       
Dec 2016 Issue 33    New trend for cross-border capital under capital account
                       
Nov 2016 Issue 32    SAT and SAFE refine the interim and post administration mechanism by establishing information sharing system
                       
Nov 2016 Issue 31    Standardization and normalization of "Thousand Groups Project": A new stage of tax administration on large business groups
                       
Oct 2016 Issue 30    China releases CRS compliance requirements for financial institutions
                       
Oct 2016 Issue 29    SAT’s new rules on advance pricing arrangements reflect its new thinking on tax administration
                       
Oct 2016 Issue 28    Highlights on the Final FIE Record-filing Administrative Measures and the New FIE Administration System
                       
Oct 2016 Issue 27    G20 leaders recommit to tax cooperation in the context of growth, BEPS, and transparency
                       
Sep 2016 Issue 26    China: new "super" tax incentives for qualified equity incentive plans and investments
                       
Sep 2016 Issue 25    China: Pilot scheme for new work permit cards
                       
Sep 2016 Issue 24    A new big data era for tax administration - what to expect from China's Golden Tax III Project?
                       
Sep 2016 Issue 23    Foreign investment enjoys policy benefits in China with the expansion of “Negative List” administration mechanism nationwide
                       
Sep 2016 Issue 22    B2V Policies are in Gradual Improvement with Focal Issues like Restricted Shares Being Clarified
                       
Jul 2016 Issue 21    Beginning of a new era – SAT issues new China transfer pricing compliance requirements
                       
Jun 2016 Issue 20    New Working Guidelines for the Administration and Assessment of HNTEs – opportunities and challenges
                       
Jun 2016 Issue 19    Extension of the valid period of a Hong Kong TRC for the Mainland-HK DTA eases taxpayers’ administrative burden
                       
Jun 2016 Issue 18    The latest IIT trends and challenges affecting foreign employees
                       
May 2016 Issue 17    China takes a closer step towards the completion of the Resource Tax Reform
                       
May 2016 Issue 16    Administrative measures for VAT exemption on cross-border taxable activities under the B2V Pilot Program – detailed preferential policy conditions and standardised record filing procedure
                       
May 2016 Issue 15    Heads of tax administrations gathered in China to deepen international tax cooperation
                       
May 2016 Issue 14    Further clarification on tax incentives for software and integrated circuit enterprises – new opportunities and challenges
                       
Apr 2016 Issue 13    The market access negative list approach is unveiled in China
                       
Apr 2016 Issue 12    Charity related tax reliefs need to be further clarified as the Charity Law comes into effect on 1 September 2016
                       
Apr 2016 Issue 11    B2V reform (III) - Levying VAT on consumer services
                       
Mar 2016 Issue 10    B2V Reform (II) - Financial service sector has been included in the VAT chain
                       
Mar 2016 Issue 9    B2V reform (I) - Opportunities and challenges to the real estate and construction sectors
                       
Mar 2016 Issue 8    B2V expansion measures released - VAT chain is now completed for all industries
                       
Mar 2016 Issue 7    Highlights of fiscal and taxation reform in 2016 as announced by Premier Li
                       
Mar 2016 Issue 6    US IRS provides guidance for examining 'voluntary tax' issues - impact on MNCs with cross-border operations in China
                       
Mar 2016 Issue 5    The final stage of the B2V Reform to be rolled out from 1 May 2016
                       
Feb 2016 Issue 4    Improvement on the administrative measures for the assessment of HNTEs - New opportunities and new challenges
                       
Feb 2016 Issue 3    Statistics reveal high level of double tax relief in China's MAP process
                       
Jan 2016 Issue 2    Improving market access under the China-Korea and China-Australia Free Trade Agreements (FTA)
                       
Jan 2016 Issue 1    Hong Kong issued a draft tax legislation to promote it as a location for setting up a corporate treasury centre
                       

2015

 
   
 
     
Dec 2015 Issue 49    China releases the blueprint for tax collection and administrative reform - Profound impact to be anticipated on taxpayers
                       
Dec 2015 Issue 48    Tax policy for Mainland-Hong Kong Mutual Recognition of Funds Arrangement is released
                       
Nov 2015 Issue 47    The State Council issued new guidance to drive start-ups and innovation
                       
Nov 2015 Issue 46    New administration of CIT preferential treatments: simplifying record-filing procedures and shifting the focus to post-filing supervision
                       
Nov 2015 Issue 45    New opportunities arising from expanded scope of zero-rated VAT preferential treatment to certain exported services
                       
Nov 2015 Issue 44    More transparent administrative guidelines for tax treaty benefit claims
                       
Nov 2015 Issue 43    Refining the super-deduction policy for research and development expenses - New opportunities and challenges
                       
Oct 2015 Issue 42
   
Challenges to Hong Kong tax residents under the new tax treaty benefit claim procedures in China
                       
Oct 2015 Issue 41
   
China announced her stance on BEPS and her localisation plans
                       
Sep 2015 Issue 40
   
China introduces self-assessment mechanism to facilitate tax treaty benefits claims
                       
Sep 2015 Issue 39
   
China: Local file, master file, special issues file and CbCR required under the discussion draft of revised transfer pricing requirements
                       
Sep 2015 Issue 38
   
Localisation of BEPS Actions in China - discussion draft of "Implementation Measures of Special Tax Adjustment" released for public consultation
                       
Aug 2015 Issue 37
   
Double taxation agreement (DTA) signed to benefit mutual trade and investment between mainland China and Taiwan
                       
Aug 2015 Issue 36
   
Will enterprises pay more for pollutant discharge with the Environmental Protection Tax Law?
                       
Jul 2015 Issue 35
   
15% CIT preferential treatment finally in place in Qianhai
                       
Jul 2015 Issue 34
   
Be smart! Check out the benefits of tax treaties on outbound investments along the "One Belt One Road"
                       
Jul 2015 Issue 33
   
Intra-group outbound payments - local-level tax authorities taking actions
                       
Jul 2015 Issue 32
   
New challenges for new/high technology enterprises with cross-border royalty payment
                       
Jul 2015 Issue 31
   
Localisation of BEPS actions is moving ahead in China
                       
Jul 2015 Issue 30
   
China’s legislative body ratifies the multilateral convention on tax matters
                       
Jul 2015 Issue 29
   
Upgraded tax administration and implementation for corporate restructuring rules