Enterprise Income Tax

Comment on the current Tax System of the PRC

By Richard Hoffmann, ECOVIS Beijing China How would you summarize the current development of the Tax System in the PRC? China has built its tax system from the ground in the 1980’s.  Since then there have been major changes and...

Taxes when exporting to China – not everyone has the obligation

By Richard Hoffmann, ECOVIS Beijing China Background ECOVIS Beijing China is trusted partner of several Embassies in China. We frequently help with inquiries. Recently, we have been asked to assist with the following project: The Issue: Company A, which is...

Capital gains derived may be subject to tax for qualified foreign institutional investors

The chinese Securities Regulatory Commission and the chinese State Administration of Taxation have recently agreed on expanding the taxation of qualified foreign institutional investors. Currently, these investors are subject to enterprise income tax at a rate of 10% on dividends,...

Adjustment of Annual Tax Clearance of Enterprise Income Tax

According to the Enterprise Income Tax Law (hereinafter refers to “EITL”) it is mandatory to finish the annual EIT clearance within 5 months. From the viewpoint of our clients the Tax Bureau at the moment is commencing to conduct the...