DTA signs between Kenya and China
On 21 September 2017, Kenya and China signed a Double Taxation Agreement (DTA) that aims to boost bilateral commercial ties, Kenyan officials said. Cabinet Secretary in the National Treasury Henry Rotich told a media briefing in Nairobi that the
See MoreChina plans to boost up foreign investment
China is striving to become more inviting to FDI and foreign talent by widening market access and improving the business environment. On 28 July 2017, the decision was made at a State Council executive meeting presided over by Premier Li
See MoreChina, Romania DTA enters into force
On 17 June 2017, the Double Taxation Agreement between China and Romania was entered into force and it will apply from 1 January 2018. From this date, the new treaty will replace the existing DTA of 1991. The agreement contains Dividends rate 3%,
See MoreDTA Negotiation between China and Norway underway
On 7 July 2017, the Finance Ministers of China and Norway met in Hamburg in the margins of the G20 Summit. The ministers discussed the global economic situation and the strong economic links between the two countries. The ministers also recognized
See MoreChina announces tax and VAT incentives
The government of China has announced a range of tax incentives including certain reduced rates to boost the Chinese economy. The tax incentive measures include a reduced taxable income threshold for eligible small enterprises to pay corporate
See MoreChina announces tax incentives to boost up tech SMEs
On 3 May 2017, China announced measures to encourage research and development (R&D) by tech firms through favorable tax terms. Small and medium sized-enterprises (SME) in the technological sector can deduct an additional 75% of the R&D costs
See MoreRomania ratifies DTA with China
On 8 May 2017, Mr. Klaus Iohannis, the Romanian president signed a law ratifying the Double Taxation Agreement (DTA) with China. Once ratified by China and becoming effective, the Agreement will replace the existing DTA of 1991 and effective as of 1
See MoreChina: reduces value added tax rate on agricultural products
On 3 May 2017, the Ministry of Finance and the State Tax Administration issued a joint announcement listing the categories of goods benefiting from a reduction in the VAT rate from 13% to 11%. The list includes agricultural products, water, natural
See MoreChina plans to cut tax rates
The government of China plans new tax cuts to reduce the burden on businesses, support innovation and stabilize growth. On April 19, tax cuts were approved at a State Council executive meeting presided over by Premier Li Keqiang, after the
See MoreRomania approves DTA with China
On 10 April 2017, the Senate of Romania approved the Double Taxation Agreement (DTA) with China for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on
See MoreChina issues new TP and MAP rules
On 1 April 2017, The State Administration of Taxation (SAT) of China published a Bulletin-6 providing new transfer pricing (TP) guidance and strengthening the Mutual Agreement Procedure (MAP) process. Bulletin 6 is effective from 1 May
See MoreChina concludes first cost sharing agreement APA
The State Administration of Taxation (SAT) of China recently concluded the first advance pricing agreement (APA) for a cost sharing agreement (CSA) with a Fortune 500 enterprise in Guangdong Province. The CSA-APA focuses on international R&D
See MoreChina: Up to 12% profits are deductible for charitable donations
The Standing Committee of the People's Congress of China passed the decision on the amendment to article 9 of the Enterprise Income Tax Law regarding the deductibility of charitable donations, on 24 February 2017. In accordance with the amendment,
See MoreChina declares tax exemption for oil and gas industry
On 29 December 2016, the Ministry of Finance together with the General Administration of Customs and the State Administration of Taxation published two notices concerning imports of goods and equipment. According to this notice, imports of goods and
See MoreChina issues interpretation of treaty provision regarding teachers and researchers
Certain Double Taxation Agreements (DTAs) of China include a provision on researchers and teachers under which payments are exempt from tax in China. If researchers and teachers are received by a resident individual of a contracting country who is
See MoreChina announces tax incentives to promote research and innovations
On 27 December 2016, the General Administration of Customs, the Ministry of Finance and the State Administration of Taxation jointly published a notice to support scientific research and technological innovations. In accordance with the notice, the
See MoreProtocol to DTA between China and Macau enters into force
On 12 December 2016, the amending protocol of double tax agreement (DTA) between China and Macau was entered into force and that was signed on 19 July 2016 for the avoidance of double taxation and the prevention of fiscal evasion with respect to
See MoreChina, Malaysia exchange of letters to DTA enters into force
On 1 November 2016, the exchange of letters to Double Taxation Agreement (DTA) between China and Malaysia entered into force and this exchange of letters was applied as of 1 November
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