China Tax & Investment Express (2010) As a supplement to our China Tax & Investment News, China Tax & Investment Express (CTIE) aims to bring to you real time information regarding the latest tax and business announcements issued by authorities at the central government level on a weekly basis. CTIE not only provides a synopsis of each announcement issued by the authorities, but it also includes a weblink that leads you to the full content of the announcement (in Chinese). We hope this publication can help you keep abreast of the latest developments in tax and business regulations in China. Please feel free to contact your Ernst & Young client service professionals for further assistance if you find the announcements have an impact on your business operations. - CTIE Issue No. 2010042 (pdf, 431.9kb) - December 31, 2010
The pilot policies related to the super deduction of research and development expenses for the construction of Zhongguancun National Innovation Demonstration Zone; Issues related to the recognition of interest income derived from loans extended by financial institutions, etc.
- CTIE Issue No. 2010041 (pdf, 395.7kb) - December 24, 2010
The further reinforcement of collection and administration of Vehicle Purchase Tax; Consumption Tax exemption on the production of oil used by refined oil manufacturing companies; carrying out further reinforcement of the service outsourcing industry, etc.
- CTIE Issue No. 2010040 (pdf, 406.4kb) - December 10, 2010
The "Vehicle and Vessel Tax Law of the People's Republic of China (Draft)" and its interpretation; Corporate Income Tax treatment on capital gains and certain other income derived by enterprises; issues related to offsetting upward adjustments of taxable income made by tax authorities against qualifying tax losses brought forward from previous years; the implementation of the reform of the import foreign exchange payment and verification system, etc.
- CTIE Issue No. 2010039 (pdf, 441.8kb) - December 3, 2010
The reinforcement of the export tax refund verification for certain commodities; the "Catalog of Particular Commodities Related to the Export Tax Refund Verification"; the adjustment of tax policies related to the importation of key technological equipment and machinery including the large-scale environmental-friendly and recycling-business-related equipment, etc.
- CTIE Issue No. 2010038 (pdf, 247.4kb) - November 15, 2010
The effectiveness and enforcement of the protocol to the DTA between China and Macao; the levying of CCT and ES on all foreign investment enterprises, domestic enterprises and individuals, etc.
- CTIE Issue No. 2010037 (pdf, 491.8kb) - November 5, 2010
Opinions on Corporate Income Tax issues related to China Metallurgical Group Corporation, the further reinforcement of Circular Guofa [2010] No. 10, etc.
- CTIE Issue No. 2010036 (pdf, 273.6kb) - November 1, 2010
Tax preferential policies for supporting the construction and operation of public rental housing, the inspection of contemporaneous documentation, the adjustment of Deed Tax and Individual Income Tax preferential treatment for real estate transactions, the catalogue of newly added prohibited commodities in processing trade and etc.
- CTIE Issue No. 2010035 (pdf, 473.5kb) - September 18, 2010
Announcement regarding certain tax issues of lessees in sale-and-leaseback arrangements; The tax compliance check on technology centers preliminarily recognized by the State; The expansion of the pilot run of the VAT immediate refund policy for export-supervised warehouses; "Regulations of Guarantee for Customs Matters in the People's Republic of China", etc.
- CTIE Issue No. 2010034 (pdf, 495.8kb) - September 27, 2010
BT and CIT policies for direct flight between Mainland China and Taiwan; certain tax issues related to Insurance Protection Fund; the simplification of approval procedures for the foreign investment offshore call center businesses, etc.
- CTIE Issue No. 2010033 (pdf, 504.3kb) - September 17, 2010
The "Administrative Measures for the Verification of Taxation on Export Goods by Sending Letter Confirmations", a list of companies (first batch) subject to the investigation on the key sources of Corporate Income Tax, opinions on promoting the merger, acquisition and restructuring of companies, etc.
- CTIE Issue No. 2010032 (pdf, 253kb) - September 10, 2010
Interpretations for the provisions in the DTA between Singapore and China, the approval and administration of foreign invested projects on selling goods via the internet and vending machines, the "Administrative Licensing Items of the State Administration of Foreign Exchange (2010)" , etc.
- CTIE Issue No. 2010031 (pdf, 260.7kb) - September 3, 2010
Certain Corporate Income Tax issues related to losses carried forward from previous years after the cancellation of consolidated tax filing, Extensive activities on cracking down on the illegal and criminal acts related to invoices, The pilot run of the policy on allowing enterprises in certain areas to retain their earnings from export sales offshore, etc.
- CTIE Issue No. 2010030 (pdf, 247.9kb) - August 30, 2010
Agreement between the Government of the People's Republic of China and the Government of the Republic of Singapore for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income, the collection of Land Appreciation Tax on the transfer of certain infrastructure constructed on a piece of land, etc.
- CTIE Issue No. 2010029 (pdf, 248kb) - August 20, 2010
Corporate Income Tax treatment for losses from equity investment, the Business Tax exemption on off-shore service outsourcing business in model cities,the delegation of approval authority for commercial internet cultural units, etc.
- CTIE Issue No. 2010028 (pdf, 435kb) - August 13, 2010
The "Administrative Measures for Company Restructuring for Corporate Income Tax Purposes", supplementary notice regarding issues related to the deduction of charitable donation for Corporate and Individual Income Tax purposes, tax policies related to the importation matters of key technological projects, tax preferential treatments for supporting reconstruction in Yushu earthquake stricken area, the disqualification of the High-and-New Technology Enterprise (HNTE) status of 26 HNTEs including the Beijing Jing Da Tai Long Rolling, etc.
- CTIE Issue No. 2010027 (pdf, 291.2kb) - August 10, 2010
The "Procedural Guidelines on Foreign Tax Credits Related to Overseas-sourced Income", the third protocol to the mainland and HK Arrangement, the inspection of contemporaneous documentation, the annual inspection for registered venture capital companies, etc.
- CTIE Issue No. 2010026 (pdf, 535.9kb) - August 3, 2010
DTA between the PRC and the Finland, the verification of pilot companies eligible for the settlement in Renminbi for cross border trading transactions and certain issues related to the export Value-Added Tax refund (exemption), the cancellation of administrative approval procedures and the delegation of approval authority for certain administrative approval items, etc.
- CTIE Issue No. 2010025 (pdf, 283.2kb) - July 16, 2010
The protocol to the DTA between PRC and Barbados, Business Tax issues related to international telecommunication services, the "Procedural Guidelines for the Trial of Significant Tax Cases", Supplementary notice regarding issues related to the "Administrative Measures on Non-residents Enjoying Treaty Benefits (Trial)", the issuance of Individual Income Tax payment certificates, etc.
- CTIE Issue No. 2010024 (pdf, 252.9kb) - July 9, 2010
Issuance of certificates for China tax residents, adjustment of the approval authority for certain foreign exchange businesses under the capital account category, extending the implementation of customs' supervision on bonded goods in 21 model cities for service outsourcing, etc.
- CTIE Issue No. 2010023 (pdf, 253.6kb) - July 2, 2010
The cancellation of export tax refund for certain commodities, further reinforcement of tax services and management for companies with outbound investment, the delegation of approval authority for foreign investment, the expansion of the pilot of the settlement in Renminbi for cross border trading transactions, the "Administrative Measures for Payment Services Provided by Non-financial Institutions"
- CTIE Issue No. 2010022 (pdf, 234.5kb) - June 25, 2010
Corporate Income Tax withholding on PRC-sourced interest income derived by overseas branches of banks in China, the expansion of the scope of Shenzhen Special Economic Zone
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