China Business Newsletters

S.J.Grand offers quality research, case studies and essential updates on the latest China tax and business issues through our news feed, periodic newsletters and our online resource library.

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TOP RECOMMENDATIONS FOR PRE & POST BUSINESS SET UP IN CHINA

A thriving economy, enormous manufacturing base, massive supply of natural resources, and growing consumer spending, all these factors make China an attractive place for foreign direct investment. When a foreign company setup a business in China, the operating environment is often alien; this leaves the company to a great risk exposure. Therefore, it is highly important to make proper assessments and planning before setting up a business in China and continue to maintain the same vigilant attitude even after the set up.

CIRCULAR 59: CHINA EASES FOREIGN EXCHANGE CONTROL OVER INBOUND AND OUTBOUND INVESTMENTS

On November 21, 2012, China’s State Administration of Foreign Exchange (“SAFE”) released a new circular, Circular 59 on “Further Improvement and Amendment of Foreign Exchange Control Policies on Direct Investment”. The circular became effective on December 17, 2012.

 

ANNUAL COMPLIANCE PROCEDURE FOR FOREIGN INVESTED ENTERPRISES IN CHINA

Under the current People’s Republic of China (PRC) legislations, all Foreign Invested Enterprises (FIEs), including Wholly Foreign Owned Enterprises (WFOEs), Joint Ventures (JVs), and Representative Offices (ROs) are required to meet annual compliance requirements every year.  The annual compliance work generally involves producing statutory annual audit report, annual tax filing, followed by annual inspection and so on.

ADJUSTMENTS TO SIMPLIFY VAT AND CONSUMPTION TAX POLICIES FOR EXPORTED GOODS AND SERVICES

INTRODUCTION: Recently, China’s Ministry of Finance (“MOF”) and State  Administration of Taxation (“SAT”) issued two important regulations, Circular 39 and Announcement 24 to clarify certain issues concerning Value added-tax (“VAT”) and Consumption tax (“CT”) for export of goods and services.

TAX IMPLICATIONS OF CORPORATE RESTRUCTURING IN CHINA

 

Many multinational corporations (“MNCs”) have entered Chinese market with an aspiration to grow a profitable business; however, for quite a few of them, it has not come to fruition. To more efficiently cope with the extraordinary changes in economic environment and PRC regulations, they might need to undergo corporate restructuring.

CIRCULAR 698: Taxation on Indirect Equity Transfer by Non-residents in China

 

I.    CIRCULAR 698: GENERAL RULES OF INDIRECT EQUITY TRANSFER

The Worst Chief Rep Ever

TAX BRIEF -- NOVEMBER 2010

Note: Since this article was published, new regulations have been released for representative offices that will come into force on March 1st 2011. If you operate an RO or are considering opening one, please contact S.J. Grand for an obligation free appraisal of whether this is the right choice for your investment.

A case study in China tax compliance issues for representative offices. 

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