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2008-2009 China Tax Newsletters

You will find here Mazars China Newsletters published in 2008 and 2009.

Nov 2009 - Tax Circular 601

China tightens the requirements for Non-Tax Residents to enjoy tax benefits on income under double Tax Treaties

01 November 2009

Nov 2009 - Tax Circular 121

New rules on the PRC Individual Income Tax ("IIT") treatments

01 November 2009

Aug 2009 - TAX Policy

It has been long accepted that under secondment agreements where seconded staff are sent by a foreign company to work in China under the supervision and control of a related Chinese company

01 August 2009

Jan 2009 - Administrative Regulations on Special Tax Adjustments in China

The Notice is effective retrospectively from 1 January 2008, therefore enterprises are required to compile with the transfer pricing requirements for year 2008 onward. For tax year 2008, it is important to bear in mind of the following two deadlines.

Dec 2008 - VAT reform

On 10 November 2008, the PRC authorities announced the amendments to the relevant regulations on VAT, Business Tax and Consumption Tax. One of the key focuses is the VAT reform. Effective from 1 January 2009, VAT incurred on acquisition of fixed assets can be set off against output VAT in computation of VAT payable.

Dec 2008 - Business Tax Regulations

The Ministry of Finance and the State Administration of Taxation issued the revised “Implementation Rules for Provisional Business Tax Regulations” on 15 December 2008 for the amended Business Tax Regulations which were issued in November 2008.

Oct 2008 - Tax Updatedraft Transfer Pricing Rules

China Tax Update draft Transfer Pricing Rules. A set of administrative measures for transfer pricing documentation (“Contemporaneous Documentation Requirements”) has been drafted and may be launched soon after long deliberation by the PRC authorities.

Jun 2008 - Tax Update

Administrative Measures on Qualifications for High and New Technology Enterprises. The long awaited Administrative Measures are finally issued. They set out details on the qualifications for being recognized as HNTEs. Enterprises with the status of HNTEs will be entitled to a preferential enterprise income tax rate of 15% comparing to the normal rate of 25%.

May 2008 - Earthquake victims in Sichuan

Although it has been more than a week since the devastating disaster in Sichuan, donations are still necessary to help the victims. When making donation, the following points deserve attention: Corporate Enterprises’ Donation limit for deduction purpose. Under Article 9 of the (“EITL”), an enterprise can claim charitable expenditure against taxable profit up to 12% of its annual accounting profit.

March 2008 - New Enterprise Income Tax Law

This Newsletter aims at providing you with background information of the recent development of the new enterprise income tax law during 2007, and highlighting key elements that you should be aware of when consider investing in China

01 March 2008

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