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Indirect Tax in China by Sabrina Zhang

Indirect Tax in China by Sabrina Zhang

Sabrina Zhang, China National Tax Partner at Dezan Shira & Associates China offices, discusses the implication of China's reformed indirect tax system for foreign operations.

Q&A

How should a foreign enterprise in China prepare corporate income tax (CIT) reco...

How should a foreign enterprise in China prepare corporate income tax (CIT) reco...

In China, CIT is paid on a monthly or quarterly basis in accordance with the figures shown in the accounting books of the company. Companies are required to file CIT returns within 15 days from the end of the month or quarter. However, due to discrep...

Q&A

Which types of enterprises are required to conduct record filing to the State Ta...

Which types of enterprises are required to conduct record filing to the State Ta...

Individuals and institutions in China making outbound payments of more than US$ 50,000 are now required to conduct record filing with the in-charge local offices of the STB. Foreign investors reinvesting in China with an income of more than USD 50,00...

Q&A

What are the required documents representative offices (ROs) need to provide to ...

What are the required documents representative offices (ROs) need to provide to ...

ROs are required to complete an AIC annual inspection between March 1 and June 30. Generally the following documents should be provided: Annual inspection report (the template will be distributed by AIC around March) Business registration certifi...

Q&A

What are the penalties if a representative office (RO) fails to provide its repo...

What are the penalties if a representative office (RO) fails to provide its repo...

Penalties of RMB 10,000 to RMB 30,000 are applicable if the RO fails to provide its report to the AIC on time, and a RMB 20,000 to RMB 200,000 penalty applies if the report includes false information. Failure to comply may also lead to revocation of ...

Q&A

Do representative offices (ROs) need to complete a tax reconciliation report of ...

Do representative offices (ROs) need to complete a tax reconciliation report of ...

ROs are obliged to complete a tax reconciliation report of CIT as part of their annual compliance. The report should be submitted to its local tax bureau by May 31. Usually an audit report is not required for ROs paying CIT based on a deemed profit s...

Q&A

Which R&D expenses are deductible from a company?s taxable income in China?

Which R&D expenses are deductible from a company?s taxable income in China?

The following R&D expenses are deductible from a company’s taxable income in China: Basic pension, basic medical insurance, unemployment insurance, work-related injury insurance, maternity insurance and housing funds contributed by the e...

Q&A

What is the corporate income tax (CIT) treatment on cross-border secondment of e...

What is the corporate income tax (CIT) treatment on cross-border secondment of e...

When a non-resident enterprise (NRE) dispatches personnel to China to provide services, and the NRE normally examines and assesses the performance of the dispatched personnel, and is wholly or partially responsible for their performance, the NRE will...

Q&A

How are value-added tax and business tax defined in China?

How are value-added tax and business tax defined in China?

Value-added tax is levied on the sales and import of tangible goods, and the provision of processing, repair and replacement services. Depending on the status of the taxpayer, being either small-scale or general, the tax rate ranges from 3 percent &n...

Q&A

Are value-added tax (VAT) and business tax mutually deductible in China?

Are value-added tax (VAT) and business tax mutually deductible in China?

Value-added tax (VAT) and business tax (BT) are not mutually deductible in China. This means that businesses selling and importing goods are not able to claim deduction for the purchase of services, while service providers are not able to claim deduc...

Q&A

What are the value-added tax (VAT) rates in China as of December 2013?

What are the value-added tax (VAT) rates in China as of December 2013?

Transportation services are subject to 11 percent VAT and modern services are subject to 6 percent VAT, except for tangible property lease services which are subject to 17 percent. Exported services are zero-rated or exempt from VAT. Zero-rated VAT a...

Q&A

What are the different statuses for value-added tax (VAT) payers in China?

What are the different statuses for value-added tax (VAT) payers in China?

VAT taxpayer statuses are divided into two categories: general taxpayers and small-scale taxpayers. General taxpayers are taxpayers with an annual sales volume of taxable services equivalent to or exceeding RMB5 million, while small-scale taxpayers a...

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