Other Briefings
Asia Briefing Report: An Introduction to Doing Business in China
Asia Briefing, in cooperation with its parent firm Dezan Shira & Associates, has just released a new 40-page report introducing everything that a foreign investor should be familiar with when establishing and operating a business in China. This guide, titled “An Introduction to Doing Business in China,” is immediately available as a complimentary PDF download on the Asia Briefing Bookstore.
China Releases 2011 Statistics for HR and Social Security Development
China recently released a statistical bulletin outlining the country’s employment, social security, human resource, and public service conditions in the year 2011.
China’s PBC Cuts Interest Rate by 25 Basis Points
Jun. 8 – To the surprise of many, the People’s Bank China (PBC) lowered its interest rate yesterday for the first time in years. The 25 basis points cut takes the one-year lending rate to 6.31 percent and the one-year deposit rate to 3.25 percent. With the rate cut, the PBC aims to boost the […]
Luxury Tax in China
The Chinese government makes billions on expensive imported products Op-Ed Commentary: Chris Devonshire-Ellis Jun. 7 – Luxury tax in China has long been a source of significant revenues for the Chinese government, as anyone who has been able to compare the prices in China for luxury items to those in Hong Kong, for example, will […]
China Restricts Access to Financial Information
Credit checks and financial due diligence not available without permission of the target Jun. 5 – China’s credit checking companies have apparently been indirectly requested to cease providing financial information on companies in China without the target’s prior approval of the data provided. This will impact upon the ability for businesses to accurately assess targets […]
Foreign-Trade Enterprises Can Still Apply for Input VAT Credit Certificates
China’s State Administration of Taxation issued an Announcement on May 25 extending the time for which an enterprise engaged in foreign trade can apply for a certificate claiming input VAT credit.
China Clarifies Individual Income Tax for Work-Related Injury Compensation
According to a recent notice, the benefits and compensation distributed to injured employees and his/her close relatives through the work-related injury insurance system will be tax exempt.
China’s SAT Issues Opinion on International Taxation System
China’s SAT recently issued an “Opinion,” specifying guidelines for service and management in such fields as anti-avoidance, taxation of non-residents, taxation issues facing Chinese enterprises investing abroad, and cooperation mechanisms for international taxation.
