Tax Consulting China

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...

Foreign Automotive Companies in China – Three Common VAT Issues

By Richard Hoffmann,  ECOVIS Beijing The number of automobiles globally is estimated to grow from currently around 650 million to roughly 1.4 billion by 2030. As the largest and fastest growing market for automobiles worldwide, China represents the strongest force behind this...