China Tax & Investment Express Issue No. 2021025 - Matters Related to the Record-filing with Tax Authorities for Outbound Remittance under Service Trade Items

China Tax & Investment Express (CTIE) brings you the latest tax and business announcements on a weekly basis. We selected some comparatively key announcements to provide for a synopsis and we also provide a link that leads you to the full content of each latest announcement (in Chinese).

Matters covered in this issue include: Supplementary Public Notice (PN) Regarding Matters Related to the Record-filing with Tax Authorities for Outbound Remittance under Service Trade Items; PN regarding the effectiveness and enforcement of the “Agreement between the People’s Republic of China (PRC) and the Kingdom of Spain for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance” and its protocol; PN regarding the revised “Administrative Measures for Value-added Tax Refund for the Purchase of Domestic-manufactured Equipment by Research and Development Institutions”; Notice regarding the “Implementation Plan of the Ministry of Human Resource and Social Security (MOHRSS) for Fully Rolling out the Reform of ‘Separating Permits from Business Licenses’ Nationwide” and the “Implementation Plan of the MOHRSS for Further Enhancing the Pilot Reform of ‘Separating Permits from Business Licenses’ in Pilot Free Trade Zones”; Notice regarding public opinion consultation on the “Measures of the Customs of the PRC for the Administration of Enterprise Credit (Discussion Draft)”; and PN regarding replicating and rolling out the pilot supervision of exports of business-to-business cross-border e-commerce nationwide.

Please feel free to contact your EY client service professionals for further assistance if you find the announcements have an impact on your business operations.