UK: Britain considers levy on Chinese EV imports
Britain's government is considering tariffs on electric vehicles imported from China, as concerns grow that state-subsidised cars are entering the British market at artificially low prices. Business Minister Jonathan Reynolds is preparing a
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US restricts aircraft parts to China in trade standoff
The Trump administration has begun limiting aircraft component exports to China as part of a broader strategy to gain negotiating power over rare earth mineral access. The effort signals how Washington plans to use supply chain dependencies as
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China: STA introduces uniform tax penalty standards from November 2026
China’s State Taxation Administration (STA) has released the National Tax Administrative Penalty Discretionary Benchmark (2026 Edition) through Announcement No. 20 of 2026 on 28 September 2026. The new standards set uniform guidelines for how tax
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China, US agree to broad tariff cuts, soybeans remain excluded
China's commerce ministry and the White House jointly announced a reciprocal tariff reduction plan worth USD 60 billion on 28 September 2026. Each country identified roughly USD 30 billion of goods for more favourable tariff treatment, with the
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US and China extend trade truce, push for bigger agreement
The US and China agreed, on 23 September 2026, to extend their trade truce by two months, pushing the expiration date to 10 January 2027. The original agreement, reached in Busan, South Korea, in May 2026, was set to expire on 10 November
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China introduces new VAT withholding rule for individual service providers
China’s Ministry of Finance and State Taxation Administration released Announcement No. 28 of 2026 on 3 September 2026, introducing mandatory VAT withholding requirements for businesses that purchase services from individual
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China sets 20% tax rate on restricted share sales
China’s Ministry of Finance, the State Taxation Administration, and the China Securities Regulatory Commission released Announcement No. 26 on 28 August 2026 to establish uniform rules for taxing the sale of restricted shares by individual
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China: STA updates tax rules for foreign individuals dividend income
China’s Ministry of Finance and State Taxation Administration released Announcement No. 27 on 1 September 2026, revising how foreign individuals are taxed on dividends and bonuses received from foreign-invested enterprises operating in
See MoreChina: STA clarifies input tax deduction rules for non-taxable transactions
China’s Ministry of Finance and State Taxation Administration released Announcement No. 25 of 2026 on 27 August 2026, effective 1 September 2026, establishing definitive guidance on input tax deduction eligibility under the Value-Added Tax Law of
See MoreChina, Norway income tax treaty enters into force
China’s State Administration of Taxation has announced that the new income tax treaty between China and Norway entered into force on 16 June 2026. The treaty, signed on 12 May 2023, replaces the tax treaty between the two countries that was
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Ferro-silicon duties take effect as EU prepares major chemical controls
The week was defined by the activation of previously announced trade defence measures rather than the publication of new ones. Definitive anti-dumping duties on ferro-silicon from China and Russia took effect, representing a significant tightening
See MoreChina, Switzerland conclude negotiations to revise free trade agreement
China and Switzerland announced the conclusion of negotiations to optimise their 2013 free trade agreement (FTA), following five rounds of talks on 20 August 2026, after five rounds of negotiations launched in September 2024. The revised
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China: New offshore trust tax forces wealthy to reassess holdings
China’s tax authorities have implemented a 20% levy on offshore trust structures, creating immediate pressure on wealthy mainland investors to recalculate their liabilities and restructure holdings. The new rules, introduced in late July 2026,
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China grants corporate tax deferral on equipment swaps for chipmakers, machine tool firms through 2028
China's Ministry of Finance, State Taxation Administration, National Development and Reform Commission, and Ministry of Industry and Information Technology issued Announcement No. 23 of 2026 on 31 July 2026, establishing a temporary corporate income
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Taiwan tightens corporate tax rules for property leasing entities
Taiwan's Central District National Taxation Bureau, under the Ministry of Finance, had amended rules governing corporate income tax filings for businesses that lease their own real estate, in a move aimed at ensuring fairness between individual and
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China tightens tax scrutiny of offshore trusts, investments, insurance
China has expanded a tax-collection drive targeting undeclared income and capital gains from overseas assets held by ultra-high-net-worth individuals, as fiscal pressures deepen following the prolonged property market downturn, through Announcement
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EU unleashes broad trade defence campaign targeting China, Russia, and now US Biofuels
The European Union executed a significant protectionist shift this week, defined by a sustained and escalating campaign of trade defence actions. The week began with sweeping new controls on Russian industrial materials taking effect and was
See MoreChina introduces targeted tax breaks for energy, mining firms through 2027
China's Ministry of Finance and the State Taxation Administration have jointly issued Announcement No. 22 of 2026 revising the urban land use tax policy on 27 July 2026, phasing out longstanding tax exemptions previously available to energy
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