China Briefing

China released the “Opinions on Certain Issues Concerning the Implementation of the Regulations on Work-Related Injury Insurance" on April 25, 2013, which carifies serveral issues regarding the implementation of the Regulations. Detailed information can be found here. Continue reading →

Regional demographics mean China must cozy up to India or face consequences Op-Ed Commentary: Chris Devonshire-Ellis May 17 – Quite possibly the most senseless foreign policy position China has taken over the years has been its stance towards Japan. With

China released the “Catalogue of Priority Industries for Foreign Investment in Central and Western China" on May 14, which is scheduled to take effect on June 10, 2013. Detailed information can be found here. Continue reading →

According to the preliminary data released by China’s National Bureau of Statistics (NBS), China’s economy expanded 7.8 percent in 2012 amid the sluggish global economy, reaching RMB51.9 trillion (US$8.45 trillion). The growth rate, although the slowest since 1999, still beats the government’s 7.5 percent growth target. Continue reading →

Under China’s Corporate Income Tax Law, a non-resident enterprise without an establishment or venue in China is subject to CIT at a withholding rate of 10 percent on their China-sourced income. A non-resident enterprise with an establishment or venue in China is taxable on all of its China-sourced income, as well as non-China sourced income that has an actual connection to the Chinese establishment or site, at 25 percent CIT. Continue reading →

China issued the "Announcement on Individual Income Tax Declaration Form" on May 9, which is scheduled to take effect on August 1, 2013. Detailed information can be found here. Continue reading →

May 13 – To further standardize and clarify the foreign exchange administration of foreign direct investment into China, the country’s State Administration of Foreign Exchange (SAFE) released the “Regulations on the Foreign Exchange Administration of Onshore Direct Investment by Foreign

This edition of the China Tax Guide, updated for 2013, offers a comprehensive overview of the major taxes foreign investors are likely to encounter when establishing or operating a business in China, as well as other tax-relevant obligations. This concise, detailed, yet pragmatic guide is ideal for anyone looking to navigate the complex tax and accounting landscape in China in order to effectively manage and strategically plan their China operations. Continue reading →

Op-Ed Commentary: Chris Devonshire-Ellis May 13 – Much commentary in the media has recently been focusing on the “China slowdown” and the impact of the country’s lower GDP growth figures going forward. In reality, measuring GDP growth is always a

China released the "Circular on the Establishment of For-Profit Senior Care Institutions and Service Institutions for the Disabled by Hong Kong and Macau Service Providers" on March 12. Details can be found within. Continue reading →

In this issue of Asia Briefing Magazine, we break down the various types of development zones available in China, India and Vietnam specifically, as well as their key characteristics and leading advantages. We then go on to provide a snapshot of the latest development zones across the rest of Asia. We hope that this issue will provide the basic fundamentals to understanding one of the most important business tools available to international businesses operating in Asia. Continue reading →

Lanzhou: Transportation and Logistics Hub for Northwest China By Yao Lu May 9 – Lanzhou, once known as the “Golden City,” has been an important regional commercial center and transportation hub since as early as the Han Dynasty. The city

Op-Ed Commentary: Chris Devonshire-Ellis May 9 – On May 2nd, St. Petersburg’s Mariinsky opened its plush new concert hall, bringing the total number of venues in this esteemed international cultural center for the musical arts to three. Valery Gergiev, the

China released the "Announcement on Issues Concerning Corporate Income Tax on Labor Services Provided in China by Non-resident Enterprises" on April 19, which is scheduled to take effect on June 1, 2013. Detailed information can be found here. Continue reading →

May 8 – China’s National Development and Reform Commission (NDRC) released the “Catalog of Encouraged Industries for the Qianhai Shenzhen-Hong Kong Modern Services Industry Cooperation Zone (Qianhai Cooperation Zone) (hereinafter referred to as the ‘Catalog‘)” on March 6, 2013. The

China released the “Circular on Implementing the Pilot Measures for Securities Investment in the Mainland by RMB Qualified Foreign Institutional Investors" on May 2, 2013, which offers guidelines on the implementation of the RQFII program. Detailed information can be found here. Continue reading →

May 7 – Representative offices (ROs) are taxed as permanent establishments in China. The “Interim Measures for the Administration of Tax Collection against Permanent Representative Offices (ROs) of Foreign Enterprises (guoshuifa No. 18 [2010])” issued by the State Administration of

China released the “Draft Amendment to the Consumer Protection Law” on April 28, which aims to further protect consumer rights and boost domestic demand. Detailed information can be found here. Continue reading →

R1 and R2 visa categories to be created May 6 – China’s Legislative Affairs Office of the State Council issued a draft proposal on Administration Regulation of Entry and Exit of Foreigners (hereinafter referred to as the “Draft”) on May

China released the “Special Review and Approval Process for Innovative Medical Devices” on March 20, which increases the efficiency of the review and approval process for innovative medical devices. Detailed information can be found here. Continue reading →