EY helps clients create long-term value for all stakeholders. Enabled by data and technology, our services and solutions provide trust through assurance and help clients transform, grow and operate.
At EY, our purpose is building a better working world. The insights and services we provide help to create long-term value for clients, people and society, and to build trust in the capital markets.
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: Public notice (PN) regarding clarifications on certain issues related to the preferential Corporate Income Tax policies in the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone; PN regarding the application of the “Multilateral Convention on Measures to Prevent Base Erosion and Profit Shifting” in relation to certain bilateral tax agreements between the People’s Republic of China and various countries, including the Republic of Bulgaria; PN issued by the Sichuan Provincial Tax Service, STA regarding matters related to the provisional Land Appreciation Tax (LAT) rates and the collection of LAT on a deemed basis in Sichuan; 2023 Legislative Work Plan of the State Council; 2023 Key Tasks of the Standing Committee of the National People’s Congress.
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.