Our collection of resources based on what we have learned on the ground
Resources
Q&A
When might a special transfer pricing investigation take place in China?
- July 2018
- Free Access
On March 17, 2017, the State Administration of Taxation (SAT) issued Public Notice 6 which provides rules on a variety of topics including transfer pricing investigations and adjustments. Public Notice 6 highlights the tax authorities' emphasi...
Q&A
When can employers unilaterally terminate employees in China?
- July 2018
- Free Access
There are certain circumstances in which an employer cannot legally terminate an employee in China. These situations can arise, for example, when an employee: Is suspected of having an occupational disease(s) and awaiting diagnosis; Has completel...
Q&A
What are the benefits of the WFOE structure?
- July 2018
- Free Access
A WFOE is usually the best investment vehicle for investors establishing a long-term presence in China when a joint venture is not required, because they overcome the limitations associated with representative offices (RO): A WFOE can directly emp...
Q&A
What must I do to stay in compliance with China's new three-tier documentation f...
- July 2018
- Free Access
In 2016, China introduced a three-tiered contemporaneous documentation framework (set out in Circular 42) that replaced previous documentation rules. Under the new regulations, entities with related party transactions above certain thresholds must pr...
Q&A
Under what circumstances can employees be lawfully terminated pursuant to China...
- June 2018
- Free Access
An employer in China cannot unilaterally terminate an employment contract at-will or without fault, unless the termination falls under certain statutory grounds. Pursuant to China’s Labor Contract Law, depending on the termination grounds, emp...
Q&A
What are the new regulations that apply to special VAT fapiao in China?
- November 2017
- Free Access
Under updated regulations coming into effect on July 1, 2017, more information now needs to be included on special VAT fapiao, such as the company’s tax ID code and the purpose of expenditure.
Q&A
What does the current account and the capital account refer to in China's foreig...
- November 2017
- Members Access
In the Chinese foreign exchange system, there are two main accounts: the current account and the capital account. The current account applies to ordinary recurring business transactions, including trading receipts and payments, payments of interest o...
Q&A
What types of outbound transactions will not be approved by Chinese authorities?
- November 2017
- Free Access
The Chinese government introduced new capital controls in 2016 for the following outbound transactions that would not be approved without specific approval: Outbound investments made by limited partnerships; FDI involving an acquisition of 10 per...
Q&A
What is the importance of pre-investment capital planning when establishing a FI...
- November 2017
- Members Access
Companies should be careful not to invest too little registered capital, as injecting additional capital is a time-consuming process that takes anywhere between eight to 12 weeks. Investing too much can lead to excess capital sitting idly in the acco...
Q&A
What are China's "Enterprise Annual Reporting Form for Related Party Transaction...
- November 2017
- Members Access
When filing annual tax returns, all resident enterprises under tax assessment by accounts inspection, and non-resident enterprises that established organizations or premises in China should submit the Enterprise Annual Reporting Forms for Related Par...
Q&A
Are there any special considerations for foreign employees’ salary in Singapor...
- June 2017
- Members Access
According to Singapore’s Employment Act applicable to both local and foreign employees, there is no statutory requirement on minimum salary to which employers are bound to. Nevertheless, when hiring a foreign national, employers must consider t...
Q&A
How is Singapore's Individual Income Tax (IIT) determined?
- June 2017
- Members Access
Progressive in nature, the Individual Income Tax (IIT) is determined by a percentage ranging from zero to 22 percent on each individual specific earnings. For example, lower than or equal to S$20,000 (US$14,200) corresponds to a zero percent income t...
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