China's Recent Tax Reforms and Implications for EU SMEs
China has recently implemented changes and reforms to the Individual Income Tax (IIT), the Value Added Tax (VAT) and Corporate Income Tax (CIT) in China.
This webinar, addresses the main changes of these reforms and will elaborate on their impact for EU businesses operating in China.
How do Benelux businesses perceive the Chinese business environment? Results of the Sino Benelux Business Survey 2019
The Sino Benelux Business Survey addresses essential questions about the Chinese business environment; and the business sentiment of Benelux companies in China.
Updates to China's Individual Income Tax Reform: IIT exemption on foreign-sourced income and calculating IIT for non-domiciled individuals
Recent updates to China's Individual Income Tax provide further clarification regarding IIT exemptions on foreign-sourced income and the Tax Residence rule. These updates also provide further guidance for calculating IIT for individuals not domiciled in China.
China VAT reform: implications of the 2019 Value Added Tax reforms
China's VAT reform continued with new Value Added Tax policies, such as lowering of China's VAT rates in 2019, increased scope of VAT credits and the introduction of a VAT refund pilot scheme from April 1st of 2019.
China announces further reductions to the Value Added Tax (VAT): from 16% to 13% and from 10% to 9%
On March 5th, 2019, China announced reductions to the Value Added Tax (VAT). The VAT rates of 16% and 10% will be decreased to VAT rates of 13% and 9%. In the announcement, no specific date on which the new VAT reductions will come into effect was provided, but it could be expected to still come into effect in 2019.
Closed - Sino Benelux Business Survey 2019!
Please participate in the Sino Benelux Business Survey 2019. With your help, we will answer the question how Benelux companies in China have performed in 2018 and what their expectations are for 2019.
The survey is completely anonymous, meaning we will not require you to fill in any information which can be linked to your company or person. All data will remain strictly confidential.
What is a Permanent Establishment and what are its Tax Implications?
The Permanent Establishment (PE) is frequently used in double taxation avoidance agreements (DTAs). When a PE is constituted, China levies taxes over service fee payments between a foreign company and a local entity.
What are Free Trade Zones in China?
This article explains China's Free Trade Zones and their potential benefits in 2019. We also provide an overview of the country's Free Trade Zones and their focus areas, as well as a discussion on recent developments.
China cuts Taxes for SMEs and low-profit enterprises
China's State Council introduced tax cuts for SMEs and low-profit enterprises. Among others, Corporate Income Tax (CIT) and Value Added Tax were cut for SMEs.
From all of us at MS Advisory, we wish you a Happy New Year and prosperous Year of the Pig!
From all of us at MS Advisory, we wish you a Happy New Year and prosperous Year of the Pig!