Tax services

Asia Pacific Tax Notes 2016 Asian Tax and Advisory Webcast Series

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.


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


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


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?
Feb 2014 Issue 3
What you should know about the new Customs valuation rules
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


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


Nov 2012 Issue 28
New regulatory breakthrough for foreign investment using equity of Chinese company
Nov 2012 Issue 27
3-tier individual income tax system for dividend: Initiative to encourage long-term investment
Nov 2012 Issue 26
New challenges to enterprises with headquarters and branches across provinces on filing corporate income tax return
Sep 2012 Issue 23
Tightened enforcement and opportunities for foreign nationals - China’s new Exit-Entry Administration Law
Aug 2012 Issue 22
Fair value under spotlight like never before for China tax purposes
Aug 2012 Issue 21
Further roll-out of the Value Added Tax Transformation Pilot Program
Jul 2012 Issue 20
Qianhai - Another attractive location in Southern China for foreign investment
Jul 2012 Issue 19
Additional policies relating to the Value Added Tax Transformation Pilot Program
Jul 2012 Issue 18
One step further on the assessment of "Beneficial Ownership" status
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
Jul 2012 Issue 15
The SAT's next move for beneficial ownership and indirect equity transfer
Jun 2012 Issue 14
Long-awaited clarification on corporate income tax treatment on equity incentive plans
May 2012 Issue 13
More lenient treatments for certain corporate income tax deduction issues
May 2012 Issue 12
A good news to eliminate double taxation in China for Hong Kong (and Macao) tax resident employees
May 2012 Issue 11
Long-awaited clarifications on the implementation of the corporate income tax preferential policies for China's western region
Apr 2012 Issue 10
Detailed implementation rules on the application of the "Exempt, Credit and Refund" method to the export of zero-rated Pilot Services under the Value Added Tax Transformation Pilot Program
Apr 2012 Issue 9
More clarity for taxpayers to manage compliance risks: Launch of the "Working Guidelines on Replies to Specific Tax Matters"
Mar 2012 Issue 8
Tightening forex control on overseas equity incentive plans
Mar 2012 Issue 7
Collection and administration of individual income tax on income derived from transfer of restricted stocks by individuals
Mar 2012 Issue 6
Driving forces behind China's all-time-high record on tax revenue collected from non-tax resident enterprises
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.