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China Tax/Business News Flash 

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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.

2016

 
   
 
     
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
                       
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 servicessectors
                       
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
                       
Jun 2015 Issue 28
   
More efficiency and supervision on claiming tax incentives
                       
Jun 2015 Issue 27
   
New packages of CIT returns - more flexibility vs. more information disclosure
                       
Jun 2015 Issue 26
   
More practical for offshore indirect transfer reporting and assessment
                       
Jun 2015 Issue 25
   
Are you ready for the launch of national tax inspection for year 2015?
                       
Jun 2015 Issue 24
   
SAT's latest clarification on the CIT treatment for assignment of equity/assets and investment with non-monetary assets
                       
May 2015 Issue 23
   
Gradual removal of 'Non-administrative approval items' will bring both convenience and challenges to taxpayers
                       
May 2015 Issue 22
   
Hong Kong as the ‘Going Global’ platform for Chinese MNCs
                       
May 2015 Issue 21
   
Local incentives are allowed to be continued until expiry
                       
May 2015 Issue 20
   
SAT released new measures to support the “One Belt One Road” strategy
                       
May 2015 Issue 19
   
Tax payment by instalments - China's new tax policy on investment by individuals with non-monetary assets
                       
Apr 2015 Issue 18
   
Fujian Pilot Free Trade Zone (1): Official launch and release of the overall plan
                       
Apr 2015 Issue 17
   
Guangdong Pilot Free Trade Zone (1): Official launch and overall plan’s observations
                       
Apr 2015 Issue 16
   
China’s move to improve its international taxation policies by virtue of G20 tax reform
                       
Apr 2015 Issue 15
   
Official launch of Tianjin Pilot Free Trade Zone
                       
Apr 2015 Issue 14
   
B2V reform of the real estate and construction sectors is just around the corner
                       
Apr 2015 Issue 13
   
Amendments to the China-HK double tax arrangement bring benefits as well as obligations to taxpayers
                       
Mar 2015 Issue 12
   
New challenges to the tax valuation for the offshore indirect transfer
                       
Mar 2015 Issue 11
   
Further scrutiny on intra-group outbound payments under way
                       
Mar 2015 Issue 10
   
Looking out for significant changes to China's tax collection and administration law
                       
Mar 2015 Issue 9
   
China releases first annual international tax dispute resolution statistics
                       
Mar 2015 Issue 8
   
New rules to further improve and tighten individual income tax administration on equity transfer
                       
Feb 2015 Issue 7
   
Cross-border RMB cash pooling made possible for multinational corporations in China
                       
Feb 2015 Issue 6
   
Substance is important - HKIRD revises the application form for Hong Kong tax resident certificate
                       
Feb 2015 Issue 5
   
A key milestone on administrative regime for foreign investments - China's Foreign Investment Law (Discussion Draft)
                       
Feb 2015 Issue 4
   
A totally different tax landscape for offshore indirect transfer – wider, clearer & more challenging
                       
Jan 2015 Issue 3
   
Time for a compliance check – The clean-up of local tax and fiscal preferential policies
                       
Jan 2015 Issue 2
   
International tax reform may bring higher tax and compliance burden for digital business
                       
Jan 2015 Issue 1
   
Significant improvement on the corporate income tax treatments for restructuring transactions
                       

2014

 
   
 
     
Dec 2014 Issue 36
   
China Advance Pricing Agreement Annual Report (2013) - Key trends and observations
                       
Dec 2014 Issue 35
   
New visa requirements for short-term workers coming to China
                       
Dec 2014 Issue 34
   
Scrutiny on intra-group outbound payments - Chinese tax authorities in action from local to state level
                       
Dec 2014 Issue 33
   
New GAAR procedures released - More or less GAAR disputes going forward?
                       
Dec 2014 Issue 32
   
Mainland China-Taiwan: Welcome messages delivered in the cross-strait tax seminar on the development of cross-strait tax treaty and anti-tax avoidance reform
                       
Dec 2014 Issue 31
   
Further clarification of the new corporate income tax accelerated depreciation policy for fixed assets
                       
Nov 2014 Issue 30
   
China and the United States’ extended visa policy for business travellers, tourists and students
                       
Nov 2014 Issue 29
   
A new look at the annual CIT return package (2014 version)
                       
Nov 2014 Issue 28
   
New double taxation agreement signed between China and Russia to further enhance cooperation
                       
Nov 2014 Issue 27
   
The Last piece of the puzzle - China's taxation rule on Shanghai-Hong Kong Stock Connect
                       
Nov 2014 Issue 26
   
The long-awaited withholding tax policies for QFIIs/RQFIIs capital gains released - mixed feelings?
                       
Nov 2014 Issue 25
   
Applause for the new corporate income tax accelerated depreciation policy for fixed assets
                       
Oct 2014 Issue 24
   
China's first nationwide tax investigation into dividend payments to overseas investors
                       
Oct 2014 Issue 23
   
SAT vows to fight tax avoidance in China: 15 unacceptable tax practices identified
                       
Sep 2014 Issue 22
   
New foreign exchange regulation to facilitate outbound investments and financing through special purpose vehicles
                       
Sep 2014 Issue 21
   
SAT responds fast to the first batch of BEPS deliverables
                       
Sep 2014 Issue 20
   
A new round of corporate income tax incentive for China’s western region was formally unveiled
                       
Sep 2014 Issue 19
   
MNC intra-group outbound charges under spotlight of SAT
                       
Aug 2014 Issue 18
   
Time for large business enterprises to establish a sound internal tax risk control system
                       
Jul 2014 Issue 17
   
New requirement for Chinese TREs to disclose outbound investment information
                       
Jul 2014 Issue 16
   
The certainties and uncertainties brought about by China’s latest tax circular on foreign international transportation companies
                       
Jul 2014 Issue 15
   
Increasing scrutiny on equity based incentive plans may impact assignees and their employers
                       
Jul 2014 Issue 14
   
More guidance for GAAR implementation under way - China’s discussion draft released for public sounding
                       
Jun 2014 Issue 13
   
Cross-border forex fund pool now possible for multinational corporations
                       
Jun 2014 Issue 12
   
International development in automatic exchange of financial account information and China's perspective
                       
Jun 2014 Issue 11
   
Shanghai-Hong Kong Stock Connect at a glance from a tax perspective
                       
May 2014 Issue 10
   
China's first official position on BEPS released by Jiangsu
                       
May 2014 Issue 9
   
B2V reform next up for the telecommunications sector
                       
Apr 2014 Issue 8
   
China and Germany signed a new tax treaty
                       
Apr 2014 Issue 7
   
The Central Government urges optimisation of policies to boost M&A activities in China - the tax aspect
                       
Apr 2014 Issue 6
   
The Central Government finally nailed down the CIT Incentive Catalogues for Hengqin, Qianhai and Pingtan
                       
Mar 2014 Issue 5
   
Increased compliance burdens for multinationals? OECD releases discussion draft on transfer pricing documentation and country-by-country reporting
                       
Feb 2014 Issue 4
   
Simplified application approval of Chinese Tax Resident Enterprise - opportunity or challenge?
                       
Jan 2014 Issue 2
   
New tax treaty between China and France brings benefits and challenges
                       
Jan 2014 Issue 1
   
China’s amended Company Law facilitating more business
                       

2013

 
   
 
     
Dec 2013 Issue 33
   
Welcome changes in the B2V Pilot Programme to benefit industries
                       
Dec 2013 Issue 32
   
Enjoying tax deferral treatment for intra-group restructuring - easier or more difficult?
                       
Dec 2013 Issue 31
   
New tax deferral treatment for Chinese Enterprise Annuity
                       
Dec 2013 Issue 30
   
Chinese TRE concept - a new way to impose China tax on offshore indirect equity transfer
                       
Dec 2013 Issue 29
   
Greenlight granted on the long-awaited China-UK Tax Treaty
                       
Nov 2013 Issue 28
   
China’s top leadership reaffirms the taxation reform blueprint
                       
Oct 2013 Issue 27
   
New guidelines make treaty-related dispute resolutions more efficient
                       
Oct 2013 Issue 26
   
New horizon for doing business in Shanghai (II) – launch of the Pilot Free Trade Zone
                       
Oct 2013 Issue 25
   
Easier to substantiate Hong Kong tax resident status under the HK-Mainland CDTA
                       
Sep 2013 Issue 24
   
Clearer picture of VAT exemption on cross-border services under the B2V regime
                       
Aug 2013 Issue 23
   
A new page for the foreign exchange administration for service trade
                       
Aug 2013 Issue 22
   
China takes a big step towards international co-operation on tax administration
                       
Aug 2013 Issue 21
   
Shanghai Free Trade Pilot Zone - New horizon for doing business
                       
Aug 2013 Issue 20
   
China: Tightened enforcement and control over visa rules for foreigners
                       
Jul 2013 Issue 19
   
Consolidation for the future: new regulations for the nationwide implementation of the B2V Pilot Programme
                       
Jul 2013 Issue 18
   
Does simplified tax clearance for remittance mean relaxation in handling tax matters?
                       
Jul 2013 Issue 17
   
OECD takes action on BEPS; are you ready?
                       
Jul 2013 Issue 16
   
The New China-Netherlands Tax Treaty: A breakthrough in the treatment for capital gains beneficial to investors
                       
May 2013 Issue 15
   
The first time the SAT publicised its official reply on offshore indirect equity transfer
                       
May 2013 Issue 14
   
Tax incentives for advanced technology service industries extended to 2018
                       
May 2013 Issue 13
   
Easier access to tax treaty benefits for Hong Kong companies receiving dividends from China
                       
May 2013 Issue 12
   
"Secondment" or "service" – the SAT of China gives its answer
                       
May 2013 Issue 11
   
Get ready for the nationwide implementation of the B2V Pilot Programme
                       
Apr 2013 Issue 10
   
New application forms for Hong Kong tax resident certificate - Any impact on the claiming of treaty benefits from the Mainland?
                       
Apr 2013 Issue 9
   
Software enterprises face new challenges in securing tax incentives
                       
Mar 2013 Issue 8
   
Is it the time to consider investing in Qianhai and/or Hengqin?
                       
Mar 2013 Issue 7
   
Withholding Income Tax treatment of Non-TREs’ passive income under the B2V Pilot Programme
                       
Mar 2013 Issue 6
   
China’s tax revenue from non-tax resident enterprises maintain growth in adversity
                       
Feb 2013 Issue 5
   
Update on China individual income tax rebate in Hengqin Island for Hong Kong and Macao residents
                       
Feb 2013 Issue 4
   
Framework for consolidated VAT filing under the B2V pilot program
                       
Jan 2013 Issue 3
   
Recent developments in Qianhai - Green light to cross-border RMB lending and further guidelines for IIT rebate
                       
Jan 2013 Issue 2
   
Clarification of China's positions on treaty treatments for capital gains
                       
Jan 2013 Issue 1
   
SAT's favourable clarification on the treatment of input VAT balance in an asset restructuring transaction
                       

2012

 
   
 
     
Jul 2012 Issue 17
   
Relaxed tax deduction rules for the selected industries extended
                       
Jul 2012 Issue 16
   
Roadmap of China's international taxation policies for the 12th Five-year Plan period
                       
May 2012 Issue 12
   
A good news to eliminate double taxation in China for Hong Kong (and Macao) tax resident employees
                       
Feb 2012 Issue 5
   
Chinese value added tax and business tax relief on assets restructuring transactions
                       
Feb 2012 Issue 4
   
What to learn from the Vodafone case for China tax
                       
Jan 2012 Issue 3
   
Latest updates on enforcement and collection of social security contributions for foreigners working in China
                       
Jan 2012 Issue 2
   
Further clarifications on RMB reinvestments by Chinese holding companies
                     
Jan 2012 Issue 1
   
Clarification of the value added tax treatment for export of services under the indirect tax reform Pilot Program in Shanghai
                     

    
Publications prior to Jan 2012 have been archived.