New Enterprise Income Tax Law Promulgated in China
Earlier this month China enacted a new corporate income tax law that may have significant repercussions on Israeli companies and investors that enter or continue to operate in China. In light of the fast-growing interest and presence of Israeli companies and investors in the Chinese market, and considering Morrison & Foerster’s extensive experience representing Israeli and Chinese companies in cross-border business transactions, joint ventures and investments, we wanted to provide our Israeli clients with the following summary of this new and important development.
Please see full publication below for more information.