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China: Transfer Pricing Regulation Update


  On 13 July, the State Administration of Taxation issued a notice related to the long-expected adjustments in regulations of transfer pricing. With the announcement [2016] No.42, the previously valid “Implementing Measures for Special Tax Adjustments (for Trial Implementation)”, (Guo Shui Fa [2009] No. 2) effective for 8 years is partly replaced by SAT [2016] […]

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New Chinese-German tax agreement –


The State Administration of Tax (”SAT”), has released Tax Circular No. [2016]37 and the Interpretation of double agreement on taxation between China and Germany (“DTT”) on 16 June 2016. Tax circular 37 informs the new DTT will be in effect from 1 January 2017 onwards as the new tax agreement is approved by both governments.

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New Tax Regulations for Cross-Border E-Commerce


In March 2016, the Chinese government issued two new regulations, which have changed the taxation of imported products bought online from businesses abroad (B2C) via e-commerce platforms. Previously, cross-border online purchases for personal use were mainly treated as individual postal items and taxed as such.

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Summarized changes for you implied in the business tax to value-added tax changes


As had been shared earlier this month once by our Ecovis Beijing office, Premier Li Keqiang on 5 March, introduced the government report and with it the announcement that value-added tax (VAT) is going to completely replace business tax (BT) in 2016 in China. The measures’ aims: To bring simplicity and equality by avoiding different […]

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From April 1st: Reduced Tax declaration periods for Small-Scale & Low Profit Taxpayers


The State Administration of Taxation (SAT) Announcement No. 6 of 2016 on “Reasonably Reducing the Tax Declaration Times for Taxpayers ” defined that small-scale VAT taxpayers as well as small-scale enterprises shall only make quarterly payments of VAT starting from 1 April 2016 instead of the previous method of declaring VAT on monthly basis instead.  […]

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VAT Reform to be Completed in May 2016


During the annual National People’s Congress meeting on March 5, Premier Li Ke Qiang announced in his speech of the government report that the VAT reform will cover the last few industries as of May 1st, 2016.  The main points taken out of his speech are as follows:-   As of May 1st, 2016, the […]

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Tax reduction aims at boosting service trade


China attempts to increase the service and merchandise trade by facilitating access for overseas companies and by providing a tax reduction for technology providers.

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Tax update – VAT (Value Added Tax) Reform to be Completed in May 2016


During the National People’s Congress meeting on March 5th, Premier Li Keqiang held a speech on the government report. He announced that the upcoming VAT reform will cover the last few industries which were not included yet. The main points taken out of his speech are as follows:

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China: 2016 will bring an increased focus of authorities on transfer pricing and tax-avoidance


As ECOVIS Ruide was covering last year in our March issue of the our newsletter, on March 18th, 2015 the State Administration of Taxation (SAT) announced a new regulation concerning Enterprise Income Tax (EIT) Issues. Specifically the Disbursement of Expenses by Enterprises to Their Overseas Related Parties also known as transfer pricing was regulated in […]

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Tax deductibles of R&D expenditures in China


The “Law of Enterprise Income Tax” and its “Implementing Regulations” provide that the R&D expenditures incurred for the purpose to develop new technologies, new products and new crafts, can be subject to 50% more additional deduction after being deducted in full amount in light of actual situation.

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