As a result of an increase of foreign investments in Mainland China and a strong demand for foreign talents by local Mainland Chinese companies, many foreigners are working nowadays either permanently or temporarily in Mainland China. These foreigners are advised to do proper ahead of time tax planning or revise their employment/assignment arrangements in Mainland… Continue reading Mainland China Individual Income Tax for Foreigners
One can potentially enjoy a significant withholding tax saving on the distribution/payment of dividends, interests or royalties from out of Mainland China by applying the Mainland China DTAs, subject to certain conditions.
In order to improve the implementation of double tax treaties between Mainland China and other tax jurisdictions, the State Administration of Taxation of Mainland China (“SAT”) released in February 2018 a Public Notice [2018] No. 9 (“Public Notice 9”), providing further and clearer guidelines/rules in assessing the Mainland China beneficial ownership (“BO”) status for the… Continue reading Mainland China Beneficial Ownership
For the purpose of combating cross border tax evasion, Mainland China is one of the more than 100 tax jurisdictions which has committed to implement automatic exchange of information (‘AEOI’), by signing the Multilateral Convention on Mutual Administrative Assistance in Tax Matters in August 2013 and entering into the Multilateral Competent Authority Agreement on Automatic… Continue reading Automatic Exchange of Information for Tax Purpose in Mainland China
Mainland China and Hong Kong have entered into their Fifth Protocol to their Comprehensive Avoidance of Double Taxation Arrangement.
Given China’s vast population and emerging middle class, its market potentials are a huge opportunity for a having a business in China. Better still, China is maintaining its commitment to further open up its market and boost inbound foreign investments. Whilst China’s economic reform and opening-up policies began 40 years ago, its economic performance is… Continue reading Setting up a Business in Mainland China
Have you ever thought of creating your own business? Some people are of the view that it would be especially good for the young generation to start their own business due to their creativity, flexibility, hunger for success, fearlessness and technology knowledge. The young entrepreneurs are capable of bringing new ideas and skills to the… Continue reading Startup – Are You Ready to be an Entrepreneur?
On 21 December 2017, the Chinese central government authorities issued a tax circular Caishui [2017] No. 88 (“Circular 88”) on China investment profits by foreign investors. According to Circular 88 and subject to conditions discussed below, foreign investors are allowed to defer payment of withholding tax on dividend income from equity investments in Chinese resident… Continue reading Mainland China Deferral of Payment of Withholding Tax on Investment Profits
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