Tax

Clarifies the disclosure requirement for listed companies regarding non-recurring gain or loss.

Scope of the preferential tax policy for products of technology and knowledge-based industries.

The new Procedures exempt state authorities, individuals and mobile small rural merchants from tax registration requirements.

Issued: October 13 2003Main contents: The Decision states that the rates of export tax rebates are to be adjusted according to different types of products.…

Promulgated: November 23 2003Effective: January 1 2004Main contents: As compared to the repealed 1992 Regulations, the new Regulations set forth the criteria…

Issued: October 24 2003Effective: January 1 2003Main contents: The Circular details the follow-up administration after the cancellation of the examination…

Issued: November 18 2003Main contents: The Official Reply clarifies that the date of commencement of business of a newly established enterprise or work…

Export-oriented businesses have played a leading role in the growth of China's economy in the reform period. At the same time, however, the tax rebates that have been given to exporters as incentives to expand their businesses have created a heavy fiscal burden for the government. What is the solution?

How a foreign investment is structured as a legal entity in China requires careful consideration as there are different implications and different tax benefits. One of our contributors looks at the implications of company structure for the IT industry.