China Briefing Releases New China Tax Guide for 2011

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Apr. 11 – China Briefing’s China Tax Guide (Fifth Edition), updated for 2011, is a comprehensive overview of all the taxes foreign investors are likely to encounter when establishing or operating a business in China.

The guide details all applicable taxes, when, where and how much needs to be paid, and contains overviews of China’s tax laws and administration. Our guide provides an overview and analysis of all corporate taxes, withholding taxes affecting services to China from overseas, and a detailed examination of expatriate individual income taxes, and other required permits, together with overviews of China’s investment incentives, the reclamation of VAT upon export, transfer pricing, and annual obligations.

It is a concise, detailed yet pragmatic illustration of an international investor’s tax obligations in China and how to manage and strategically plan for them.

This guide covers the following topics:

  • Tax Planning
  • China’s Tax Law and Administration
  • Corporate Income Tax, Value-added Tax, Withholding Tax and Business Tax
  • Representative Office Tax Treatments
  • Export Tax Rebates
  • Consumption Tax Rates
  • Expatriate Individual Income Tax and Permitted Benefit Allowances
  • Statutory Audit Obligations for Foreign Enterprises
  • General Accounting Treatments on Significant Audit Areas
  • Annual Audit Issues Commonly Queried Upon Inspection
  • Related Party Transaction Documentation Requirements
  • China’s Double Tax Treaties
  • Regulations Concerning China-Hong Kong Cross Border Treatment

Professor Paul Gillis of the Guanghua School of Management at Peking University selected the Asia Briefing China Tax Guide as the textbook for his MBA course on Tax Planning and Tax Accounting (2011-2012). Asia Briefing is proud to provide complimentary copies to support one of China’s strongest MBA programs.

The China Tax Guide (Fifth Edition) is available on the Asia Briefing Bookstore, priced at US$40.

This guide was written in collaboration with Dezan Shira & Associates, a boutique professional services firm providing foreign direct investment business advisory, tax, accounting, payroll and due diligence services for multinational clients in China. For more information, please contact info@dezshira.com, visit www.dezshira.com, or download the firm’s brochure here.

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Annual Compliance and Audit for Expatriates and Foreign Investors in China

In this issue of China Briefing we discuss expatriate individual income tax filings together with permissible tax deductions and allowances.