China: Non-resident enterprises – tax collection in 2012
A report on statistics compiled by China’s State Administration of Taxation (SAT) indicates that the tax paid in 2012 by non-resident enterprises in China showed a slight increase, following a sharper rise in the previous year, and amounted to
See MoreUK: Protocol to the double tax agreement with China
A protocol to the treaty between the UK and China was signed on 27 February 2013. This protocol amends the dividend article of the 2011 tax treaty between the UK and China which is not yet in force. Both the treaty and protocol will enter into force
See MoreChina and Ethiopia income tax treaty enters into force
The income tax treaty between China and Ethiopia, which was signed on 14 May 2009, entered into force on 25 December 2012. The treaty generally follows the OECD Model Convention. According to the treaty the maximum withholding tax rates on dividends
See MoreTreaty between China (People’s Rep.) and Japan applies to new Japanese taxes
The State Administration of Taxation (SAT) stated in Gong Gao No.49, that, Chinese and Japanese tax authorities have agreed after consultation that the taxes to which the China (People's Rep.) - Japan Income Tax Treaty applies include the Special
See MoreChina opposes European Union (EU) emissions tax
The European Union's (EU) tax on non-EU international airlines for their carbon emissions has once again come under fire from China. China's chief negotiator to the ongoing United Nations climate change talks, Xie Zhenhua, has said that while China
See MoreChina considering tax cut for iron ore miners
China is said to be considering a move to cut tax for iron ore mining companies in a bid to reduce input costs for the nation's steel industry. The country's Ministry of Industry and Information Technology is reportedly working with the Finance
See MoreChina:Clarifies withholding tax on dividends paid abroad
China's State Administration of Taxes (SAT) has announced a relaxation of the rules governing the withholding tax that foreign investors have to pay on dividends repatriated from their share of investments in Chinese companies. Companies and
See MoreChina and Hong Kong Special Administrative Region (SAR) update
According to an announcement made in October 2011, a Value-Added Tax (VAT) pilot program will be introduced in Shanghai in January 2012, replacing the business tax in selected industrial sectors. Following the early success of that pilot, it looks
See MoreNegotiation concluded between China and Ecuador towards DTA
On 11th May 2012, China and Ecuador concluded four days of negotiations towards a double taxation agreement
See MoreDTA between China and Ecuador under negotiation
China and Ecuador held the first round of their negotiations towards a double taxation agreement (DTA) during five days of meetings in Beijing, which concluded on May 11,
See MoreChina to pursue tax reforms
According to a statement by China’s State Council, after a meeting chaired by Premier Wen Jiabao, the government promised to push forward its structural reform programmes, including tax measures, to improve the country’s economic development and
See MoreChina’s Tax Revenues Rise in 2011
Recently released final figures from China’s Ministry of Finance show that, in 2011, its tax revenue reached a total of RMB8.97 trillion (USD1.42 trillion), an increase of more than RMB1.65 trillion or 22.6% over the previous year. The significant
See MoreChina’s pilot scheme on VAT in Shanghai
A pilot scheme to replace the existing business tax on the country’s service sector with value added tax (VAT) has been declared by China’s Ministry of Finance and the State Administration of Taxation. The project will be in Shanghai starting
See MoreChina plans VAT and Service tax reform in Shanghai
Chinese State Administration of Taxation published a new proposal for Chinese VAT and Business Tax reforms plans for a 2012 to consolidate the overlapping between VAT and Business Tax. The pilot scheme is proposed to take place in Shanghai and the
See MoreChina: Tax thresholds for small businesses raised
From November 1, the minimum thresholds for business tax have been increased by China’s Ministry of Finance, aiming at provision of tax relief for the country’s smallest companies that have been greatly affected recently by increased costs and
See MoreTax exemptions for oil and gas projects granted in China
Both onshore and offshore oil and gas drilling projects have been granted import duty and value-added tax exemptions by the China’s Ministry of Finance. The exemptions have been granted to the importation, within established quotas, of equipment,
See MoreTIEA between Guernsey and China entered into force
The tax information exchange agreement (TIEA) between Guernsey and the People’s Republic of China entered into force on August 17, 2011. Incorporating the internationally-agreed Organization for Economic Cooperation and Development (OECD) standard
See MoreChina income tax threshold increased
The Standing Committee of China’s National People’s Congress (NPC) has agreed to raise the personal income tax threshold. With effect from September 1, 2011 the current personal income tax monthly threshold will be increased to RMB 3500
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