China signed a protocol to amend its DTA with Estonia
On Tuesday, 9 December 2014, Mr. Xie Xuezhi, Deputy Director of State Administration of Taxation of China and Mr. Veiko Tali, Secretary-General of Ministry of Finance of Estonia signed the Protocol amending the Agreement between the Government of
See MoreChina: SAT Regulates the Administration of the GAAR
Recently, the State Administration of Taxation (SAT) issued the Administrative Measures on the General Anti-Avoidance Rule (GAAR) to further regulate and clarify various matters, such as applicable scope, judging criteria, adjustment methods,
See MoreChina: VAT on financial services will be applicable from 2016
China's Ministry of Finance (MoF) has announced that it will launch its VAT reforms for the Financial Service Industry in the early next Year. The plan will be to levy VAT on insurance and banking services. This will swap the current flat rate 5
See MoreDubai and China: first Chinese issuer to list a bond on an exchange in the Middle East
China has issued an RMB 1bn three-year bond on NASDAQ Dubai. The Agriculture Bank of China (ABC), China's third largest bank by assets, became the first Chinese issuer to list a bond on an exchange in the Middle East. The Emirate's stylish financial
See MoreDTA between China and France completed ratification stages
On November 26, 2014, the final stages of the ratification of the new double tax treaty between France China were completed. The treaty will become effective on January 1, 2015. This agreement replaces the income tax treaty signed in 1984 and
See MoreUS Imposes Preliminary Anti-Subsidy Duties On Chinese Tires
The U.S. Commerce Department has set preliminary anti-dumping duties ranging from 12.5 percent to 81.29 percent on tires imported from China. Five years ago, following a previous USW complaint, the US imposed AD and CVD tariffs on similar Chinese
See MoreAustralia and China confirm FTA agreement
Australia and China has confirmed the conclusion of a free trade agreement (FTA). If the agreement is fully implemented, it will enable a tariff-free access of 95% Australian goods exports to Chinese
See MoreSwitzerland- China (People’s Rep.): Treaty enters into force
The China (People's Rep.) - Switzerland Income and Capital Tax Treaty of 2013 enters into force on 15 November and it will be applicable from 1 January 2015.The new treaty will replaces the China (People's Rep.) - Switzerland Income and Capital Tax
See MoreChina signs new tax treaty and protocol with Russia
China signed a new income tax treaty and protocol with Russia on 13 October 2014. The key changes made in the new treaty are: In Article 4, “place of effective management” has been included as a one of the criteria for determining residency
See MoreChina: Plans to investigate distribution of dividends made to nonresidents
The State Administration of Taxation (SAT) has planned to investigate the distribution of dividends made to nonresidents in calendar year 2012 and 2013 with a view to find out tax evasion activities and to undertake risk analyses, risk verifications
See MoreChina: Announces accelerated depreciation method for deferring corporate income taxes
The accelerated depreciation methods will be allowed in China to promote technology innovation and economic development. The Executive Meeting of the State Council of China announced on 24 September 2014 that the R&D made on or after 1 January
See MoreChina signs a new tax treaty with Russia
China and Russia entered into a new double taxation treaty which was signed on October 13,
See MoreAgreement between France and China approved by French Council of Ministers
The French Council of Minister approved the Agreement between the Government of the French Republic and the Government of the People's Republic of China for the Avoidance of Double Taxation and prevention of avoidance and evasion with respect to
See MoreChina: Transfer pricing application Process
Transfer pricing adjustments may be made in accordance with Circulars 3 and 16 "Internal Working Procedure (Trial) of Special Taxation Adjustment" and "Joint Assessment Procedure (Trial) for Key Cases of Special Taxation Adjustment". Accordance with
See MoreChinese E-commerce tax plan for 2015
China is assessing the introduction of tax on E-sales (online) of goods in 2015. The new plan would contain a tax system administered through E-commerce platforms in the biggest online shopping economy all over the world. There is wide scale
See MoreSixth Meeting of China-ASEAN Free Trade Area Joint Committee
The Sixth Meeting of the China-ASEAN Free Trade Area Joint Committee and the First Round of Upgrading Negotiations of the China-ASEAN FTA was held in Hanoi, Vietnam, on September 23-24. The Chinese delegation composed of the Ministry of Commerce,
See MoreChina and South Korea remain divided in Free Trade Agreement negotiations
China and South Korea made some progress in their latest round of negotiations for a FTA but remain divided over the thorniest matter of how soon and how much they will open their markets for sensitive industries, the Seoul government said
See MoreChina: Bonded treatment for steel imports revoked
Chinese Ministry of Finance, the General Administration of Customs, and the State Administration of Taxation jointly issued a notice that revokes the bonded treatment for steel materials imported under 78 tariff codes, with an effective date of 1
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