Other Briefings
Beijing Issued Announcement on VAT Preferential Policy Administration
Beijing issued “Announcement on Matters Concerning the Administration of the Value-Added Tax Preferential Policies during the Business Tax to Value-Added Tax Pilot Conversion Period” on September 3, clarifying issues regarding the administration of the related value-added tax preferential policies during the business tax to VAT Pilot Conversion period.
Double Taxation Agreements for China Investment
In this article, we trace the development of double taxation agreements for China investment by summarizing the legal framework in four categories: Anti-avoidance foundations, qualifying as beneficial owner, claiming treaty benefits, and reporting offshore transactions.
China Releases Circular to Crack Down on Tax Over-Collection
Sept. 18 – To standardize the law enforcement of tax collection and ensure the thorough implementation of tax policies, China’s State Administration of Taxation (SAT) issued the “Notice on Implementing the Inspection over Tax Collection on Individual Businesses (hereinafter referred to as the ‘Notice’)” on September 3, aiming to crack down on the over-collection of […]
China Releases Circular on Cultural Undertaking Development Fee in VAT Pilot Reform
China released the “Circular of the Ministry of Finance and State Administration of Taxation on Matters Concerning the Collection of Cultural Undertaking Development Fee in the Business Tax to Value-Added Tax Pilot Conversion” on August 29.
Jiangsu Province Releases Preferential Tax Policies to Promote New Technologies and Products
Jiangsu released the “Announcement of Jiangsu Provincial Office of SAT on Preferential Tax Policies to Promote the Development of New Technologies” on August 29. Key provisions of the Announcement can be found here.
Shenzhen Issues Guidance on General Taxpayer Recognition
Shenzhen issued the “Circular on the Relevant Matters Concerning the Recognition of General VAT Taxpayers under the Value-Added Tax to Business Tax Pilot Conversion” on September 4, clarifying issues regarding general taxpayer recognition under its VAT pilot program.
China Releases Announcement on Tax Refund (Exemption) at Ports of Departure
China released the “Announcement of the State Administration of Taxation on Releasing the Administrative Measures on Tax Refund (Exemption) at Ports of Departure (Announcement [2012] No.44, hereinafter referred to as ‘Announcement’)” on August 24, effective as of August 1, 2012.
New Issue of China Briefing: Double Taxation Avoidance Agreements
In the first article of this issue, we look at the evolution of the legal framework of double taxation agreements in China, including the foundations of anti-avoidance, obligations in reporting offshore transactions, how to qualify as a beneficial owner and how to claim treaty benefits. In the next article, we outline the interpretations given in Circular 75 of the China-Singapore DTA, which was the first time that the Chinese tax authorities really opened up about DTA interpretations.
