Monthly Archives: February 2016

According to the provisions of INDIVIDAULINCOME TAX LAW OF THE PEOPLE’S REPUBLIC OF CHINA, IMPLEMENTAL REGULATIONS OFINDIVIDUAL INCOME TAX LAW OF THE PEOPLE’S REPUBLIC OF CHINA, and the Notice about the Approaches of Declaring Individual Income Tax made by the State Administration of Taxation, the tax payer who earn more than 120,000 yuan should fill...

Shanghai Daily is out with an article detailing increased foreign investment into China, both in terms of foreign companies having established more new enterprises in China (WFOEs and Joint Ventures and Representative Offices) and in terms of the amount of foreign direct investment in dollars: China’s foreign direct investment last year rose 6.4 percent to 781.3...

The Wholly Foreign Owned Enterprise (WFOE or WOFE) is a Limited liability company wholly owned by the foreign investor(s). In China, WFOEs were originally conceived for encouraged manufacturing activities that were either export orientated or introduced advanced technology. However, after China's entried into the WTO, these conditions were gradually abolished and the WFOE is increasingly...

To carry out the State Council’s requirements for transforming functions and streamlining administration and delegating power, and accelerating export refund progress and promoting the steady increase of foreign trade, the State Administration of Taxation (“SAT”)has recently issued the Administrative Measures on the Classification of ExportTax Refund (Exemption) Enterprises. Since March 1, 2015, the enterprises shall...