Tax

Export tax rebate reductions for high-pollution manufacturers

With new measures allowing overseas private equity players to adopt a new structure for its Rmb funds, authorities have yet to concretely define certain terms of a partnership in order to set a conclusive tax rate

China seeks to levy property taxes.

Sat sets forth clear guidelines for separating PRC and non-PRC revenues of non-tax-residents.

The Measures state that assessment of taxable income of non-tax-resident enterprises shall be based on total revenue, costs and expenses, or revenue converted from operational expenditures.

State Council delegates approval of foreign investment to lower level authorities.

Tax exemption for foreign-invested R&D centres clarified.

Tianjin exempts tax on sale of vessels to foreign lessees.

Tax authorities across China are strengthening transfer pricing regulations. They are now enforcing the collection of contemporaneous documentation and foreign companies must ensure they prepare these by the deadlines issued