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      Home » Law You are browsing entries filed in “Law”

      Struggling Coal Producers to get Tax Cut

      Struggling Coal Producers to get Tax Cut

      China Securities Journal stated that the government is planning to consider cutting the value added tax of Vat that are paid by coal companies from 17 percent to 13 percent to further support a sector that is stricken by a slow demand. The 17 percent tax was imposed on coal miners in 2009 after a [...]

      Apr 13 2015, 9:45 am | Posted in Taxation | Read More »

      Checkpoint Sees Record Number of Border Crossings for Qingming Festival

      Checkpoint Sees Record Number of Border Crossings for Qingming Festival

      Based on official statistics Luohu checkpoints was the most used checkpoint which saw a record number of 361,000 border crossings yesterday. This was the second day of the ongoing Qingming festival and the second day of a five day holiday in Hong Kong which celebrated Qingming and Easter. By 6:30 yesterday the checkpoint had more [...]

      Apr 6 2015, 9:29 am | Posted in Civil | Read More »

      Pre-Tax Deduction Policies for Advertising and Promotional Expenses

      Pre-Tax Deduction Policies for Advertising and Promotional Expenses

      China’s Ministry of Finance? and the State Administration of Taxation jointly released the Circular Regarding Pre-tax Deduction Policies on Advertising and Business Promotion Expenses, which is retroactively effective from January 1, 2012 and will remain in effect through December 31, 2015. The purpose of the Circular is to address the dilemma faced by enterprises which [...]

      Apr 3 2015, 8:36 am | Posted in Featured,Taxation | Read More »

      China Clarifies Corporate Income Tax Treatment for Non-Resident Enterprises Under VAT Reform

      China Clarifies Corporate Income Tax Treatment for Non-Resident Enterprises Under VAT Reform

      China’s State Administration of Taxation (SAT) recently promulgated an announcement concerning the corporate income tax (CIT) treatment for non-resident enterprises in the value-added tax (VAT) pilot reform. The purpose of the Announcement is to clarify the confusion regarding whether the VAT amount should be included in the tax base for withholding tax levied on non-resident [...]

      Mar 5 2015, 9:38 am | Posted in Taxation | Read More »

      City Introduces Plan for Implementation of New Tax on Pre-Owned Home Sales

      City Introduces Plan for Implementation of New Tax on Pre-Owned Home Sales

      Shenzhen recently released a plan for the local implementation of a new national tax law that will levy a 20 percent tax on profits coming from sales of pre-owned homes. In addition the Guangdong Province Government used a regulation that will toughen restrictions on home prices and have already asked Shenzhen, Guangzhou, Foshan and Zhuhai [...]

      Mar 4 2015, 8:31 am | Posted in Taxation | Read More »

      Surveillance Cameras to be Used to Further Monitor Non Smoking Areas

      Surveillance Cameras to be Used to Further Monitor Non Smoking Areas

      The authorities assigned for smoking control in the city will now use surveillance camera in public venues to further monitor smoking and to hopefully encourage the public to take photographs of violators to be used as evidence in reporting smoking violations. The smoking control office will plan to use the campaign as they have agreed [...]

      Mar 2 2015, 8:14 am | Posted in Civil | Read More »

      Police Firm on Decision on the Implementation of Fireworks Ban

      Police Firm on Decision on the Implementation of Fine

      Local police indicated that they are firm on their decision on the implementation of the fireworks ban in the city. during the Spring Festival police will be seen on roads to inspect and create checkpoints in roads leading in to Shenzhen to inspect vehicles for fireworks. Based on the rules, individuals or organizations that sell, [...]

      Feb 12 2015, 9:23 am | Posted in Civil | Read More »

      Paying Foreign Employees: Individual Income Tax

      For foreigners working in China, determining the applicability of individual income tax to one’s situation involves decoding a set of intersecting criteria and rules. Following this, you will need to calculate your precise liability and any applicable deductions. Lastly, consulting with a China taxation specialist can help optimize one’s overall income to achieve the most [...]

      Feb 6 2015, 12:15 am | Posted in Featured,Taxation | Read More »

      Ban on Live Poultry Sales to Continue for Ten More Days

      Ban on Live Poultry Sales to Continue for Ten More Days

      Another ban on live poultry sales was implemented after the previous 10 day ban that ended Friday, still live poultry sales are seen in the Shenzhen as another case of H7N9 birdflu infection was been reported. This will be the second time in winter that the city implemented a ban on live poultry sales because [...]

      Feb 2 2015, 8:09 am | Posted in Civil | Read More »

      More Than 4,000 Parking Tickets Issued since Measure was Implemented in the Strict Area

      More Than 4,000 Parking Tickets Issued since Measure was Implemented in the Strict Area

      The city traffic police issued a total of 3,913 tickets for illegal parking from Thursday and Saturday since heavier fines were implemented in the strict area, the first type of measure in the city. the fines include 645 tickets for 1,000 yuan, 860 tickets for 500 yuan and 473 tickets for 200 yuan. Since Thursday [...]

      Jan 20 2015, 7:47 am | Posted in Fines and Penalties | Read More »

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