In early February, the China State Administration of Taxation (SAT) issued Notice 71. This Notice superseded the provisions in relation to indirect share transfers under the well-known Circular 6982 and has become the key tax...more
In This Issue:
To People’s Republic of China:
-Draft Foreign Investment Law
-New Developments On Indirect Transfers Of Properties By Foreign Investors
-Exposure Draft Of Revised Tax Collection And...more
Welcome to the latest issue of our Tax Newsletter.
A number of developments have taken place in the PRC and Hong Kong that could be of legal and tax significance to your businesses. In the PRC, the...more
The Ministry of Finance and the State Administration of Taxation jointly issued the Circular, on Issues regarding Improving Enterprise Income Tax Policies ("EIT") for Technologically Advanced Service Enterprise ("ATSE")...more
AUSTRALIA TO REFORM TAX TREATMENT OF EMPLOYEE STOCK AWARDS: 5 TAKEAWAYS FOR US-BASED COMPANIES -
The Australian government has committed to reform the tax treatment of employee stock awards as part of its Industry...more
On 29 July 2014, the China State Administration of Taxation (SAT) released an internal notice to the China tax authorities at the provincial levels, in the name of "Notice on Antiavoidance Investigation against Large Amount...more
Advanced Alert and Voluntary Tax Adjustment -
The SAT released a short bulletin named "The Announcement on Issues Related to Special Tax Adjustment Monitoring and Administration" (SAT Bulletin  No. 54 Bulletin...more
Welcome to the latest July/August 2014 issue of our Tax Newsletter.
We saw a number of legislative developments taken place in the PRC and Hong Kong in the past two months that might bring about legal and tax...more
Welcome to our redesigned Tax Newsletter.
You will notice we have streamlined the publication and will now publish bi-monthly instead of quarterly. For major developments that may be highly...more
NETHERLANDS: TAX TREATMENT OF HYBRID FINANCE INSTRUMENTS IN THE WAKE OF TWO LANDMARK CASES -
The Dutch Supreme Court has given its judgment in two landmark cases regarding the classification of hybrid finance...more
Enhanced Reporting Requirements for PRC Residents on Foreign Assets and Transactions -
On 9 November 2013, the PRC State Council released the revised reporting requirements for 'PRC residents' in relation to their...more
FRANCE ANNOUNCES DRAFT 2014 BUDGET – LIGHTER TAX BURDEN FOR BUSINESSES -
France’s draft budget law for 2014 was presented to Parliament on September 25 and is now under discussion in the National Assembly and...more
Foreign investors in China can look forward to further reforms and liberalization of certain industry sectors in China's newly approved pilot free trade zone in Shanghai ("FTPZ").
China's State Council passed the...more
In This Issue:
- HEADQUARTER AND BRANCHES VAT FILING UNDER THE VAT PILOT PROGRAM
- FURTHER CLARIFICATION ON BENEFICIAL OWNERSHIP OF DIVIDENDS UNDER DTA WITH HONG KONG
- PE ON SECONDMENT...more
On 9 July 2013, the State Administration of Taxation ("SAT") and State Administration of Foreign Exchange ("SAFE") jointly promulgated Announcement on Issues Concerning Tax Recordal for Outbound Payments under Service Trade...more