China, Peru to hold second round of tax treaty talks
Officials from China and Peru will convene from 19 to 22 November 2024 for the second round of negotiations regarding an income tax treaty. This treaty seeks to prevent double taxation and tax evasion, promoting economic integration between the
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European Union imposes final countervailing duty on Chinese electric vehicle imports
The European Commission announced a definitive countervailing duty on imports of new battery electric vehicles (BEVs) from China. This decision was published in the Official Journal of the European Union (OJEU) as the Commission Implementing
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China introduces water resource tax
China's Ministry of Finance, Ministry of Water Resources, and State Taxation Administration jointly issued Notice No. 28 of 2024 outlining the implementation of the water resource tax on 11 October 2024. Starting 1 December 2024, a pilot water
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Canada eases surtax on Chinese imports
Canada’s Department of Finance announced new relief measures on 24 October 2024, allowing Canadian importers of Chinese steel, aluminium products, and EVs to request remission of surtaxes under certain conditions for a limited time. This
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Argentina ratifies tax treaty with China
Argentina ratified the income and capital tax treaty with China, Law 27780 was published in the Official Gazette on 18 October 2024. This income tax treaty aims to eliminate double taxation on income and capital, ensuring it does not create
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European Commission imposes final anti-dumping duty on Chinese aluminium radiators
The European Commission released the Commission Implementing Regulation 2024/2661 in the Official Journal of the European Union (OJEU) on 15 October 2024, which enforces a definitive anti-dumping duty on aluminium radiator imports from China. The
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Canada to impose 25% surtax on Chinese steel and aluminium, 100% on EVs
Canada’s Deputy Prime Minister and Minister of Finance Chrystia Freeland, announced in a release the final list of Chinese-made steel and aluminium products and Chinese-made electric vehicles (EVs) subject to surtax on 1 October 2024. The
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Argentina approves pending tax treaty with China
Argentina's Chamber of Deputies approved the laws for the ratification of the pending income and capital tax treaties with China on 1 October 2024. This income tax treaty aims to eliminate double taxation on income and capital, ensuring it does
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European Commission launches expiry review of anti-dumping duties on import of Chinese ironing boards
The European Commission published the Notice of initiation of an expiry review of the anti-dumping measures applicable to imports of ironing boards originating in the People's Republic of China (the Notice) in the Official Journal of the European
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European Commission to end anti-subsidy measures on woven, glass fibre fabrics imports from China, Egypt
The European Commission (EC) issued the Notice of the impending expiry of certain anti-subsidy measures in the Official Journal of the European Union (OJEU) on 17 September 2024 concerning the woven and stitched glass fibre fabrics imports from
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China extends import duty exemption to African nations
Following a meeting by leaders from China and Africa at the Beijing Summit of the Forum on China-Africa Cooperation (FOCAC) on 15 September 2024, China announced it will eliminate import duties on products from the 33 least developed African
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Italy reapproves tax treaty with China
The Italian Senate reapproved the law to ratify the pending tax treaty with China on 11 September 2024. First approved in 2020, this law required reapproval after a new government came into power in 2022. The income tax treaty between Italy and
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EU launches anti-dumping probe on Chinese bicycle imports
The European Commission is set to launch an anti-dumping investigation into bicycle imports from China. This inquiry stems from a complaint filed by the European Bicycle Manufacturers Association (EBMA) on 24 May 2024. The complaint alleges that
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European Commission launches anti-dumping probe on Chinese steel track shoe imports
The European Commission is set to launch an anti-dumping investigation into steel track shoe imports from China. The Notice of initiation of an anti-dumping proceeding concerning imports of steel track shoes originating in the People's Republic of
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Belarus, China sign FTA
Belarus and China have signed a free trade agreement – strengthening cooperation in a range of sectors including trade, security, energy and finance, in services and investments – on 22 August 2024. China is Belarus's second-largest trading
See MoreIMF Report Looks at China’s Economy
On 2 August 2024 the IMF released a report following consultations with China under Article IV of the IMF’s articles of agreement. The report notes that China’s economy has remained resilient even though there is continuing weakness in the
See MoreIMF Looks at the Contribution of China’s Service Sector to Economic Growth
An IMF country focus published on 2 August 2024 noted that reforms to further open China’s service sector can promote sustainable growth and help create jobs. The report notes that China’s growth has been rapid in recent decades and will remain
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Macau approves tax information exchange deal with China
Macau issued Chief Executive Order No. 39/2024 in the Official Gazette on 22 July, 2024, authorising the automatic exchange of tax information on financial accounts with Mainland China. This Order, "Agreement on the Automatic Exchange of Fiscal
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