Biden administration adds seven Chinese supercomputing entities to Entity List; SAMR issues record antitrust fine on Alibaba over market dominance abuse; and new measures released for Hainan free trade port
Daisy Duan and Wang Yan of King and Wood Mallesons look back at the key tax developments which took place in 2020, and consider the outlook for the coming year.
Hong Kong to allow certain overseas-listed Chinese companies with corporate weight voting rights to secondary list; China expected to grow at weakest pace in 44 years according to Reuters poll; and CFFEX approves equity index futures trading for qualified foreign investors
Trump issues executive orders barring transactions with WeChat, TikTok after 45 days; U.S. officials recommend delisting non-compliant Chinese firms by 2022; China introduces tax, investment incentives for domestic chipmakers
Daisy Duan, Wang Yan, Chen Yijing and Sun Huanyu of King & Wood Mallesons discuss the newly announced individual tax policies and how it provides clarification on foreign income especially in relation to foreign tax credits, tax filing and cross-border secondments. They also provide suggestions on how to reduce compliance risk in light of the new tax policies
