Devonshire-Ellis / Scott / Woollard The China Tax Guide

5th Auflage 2011
ISBN: 978-3-642-14916-0
Verlag: Springer
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 60 Seiten, eBook

Reihe: China Briefing

This guide is a practical overview for the international businessman to understand the rules, regulations and management issues regarding taxes in China. It is written very much from practical experience. We will help you to understand the implications of what can initially appear be a complicated and contradictory subject. This book tells you the basics of what you need to know, and point you at the structures you should use to enable your China business to be both in compliance and as tax efficient as possible.

Dezan Shira & Associates is a specialist foreign direct investment practice, providing business advisory, tax, accounting, payroll and due diligence services to multinationals investing in China, Hong Kong, India and Vietnam. Established in 1992, the firm is a leading regional practice in Asia with seventeen offices in four jurisdictions, employing over 170 business advisory and tax professionals. Dezan Shira & Associates provides a combination of business advisory and accounting services to our clients, giving them the ability to acquire professional knowledge in the local legal regulatory environment in each country as well as the tax and financial implications of doing so.We also provide useful business information through our media and publishing house, Asia Briefing.

Zielgruppe

Professional/practitioner

Autoren/Hrsg.

Devonshire-Ellis, Chris

Scott, Andy

Woollard, Sam

Inhaltsverzeichnis

2;1 An Introduction to Tax in China;8
2.1;1…Tax Planning as Part of Your China Investment Strategy;8
2.2;2…China’s Tax Laws and Administration;9
2.2.1;Tax Laws;9
2.2.2;Tax Administration;10
3;2 China’s Business Taxes;14
3.1;1…Corporate Income Tax;14
3.1.1;Tax Incentives;15
3.1.2;Grandfathering;15
3.1.3;Representative Offices;16
3.1.3.1;Actual Basis Method;17
3.1.3.2;Cost-Plus Method;17
3.1.3.3;Actual Revenue Deemed Profit Method;17
3.1.4;Dealing with Non-compliance;17
3.2;2…Withholding Tax;18
3.2.1;Administration of Withholding Tax;20
3.3;3…Value-Added Tax;21
3.3.1;VAT Reform;22
3.3.2;VAT Rates;23
3.3.2.1;General Taxpayer Status;23
3.3.2.2;VAT Calculation for General Taxpayers;24
3.3.2.3;VAT Calculation for Small Scale Taxpayers;24
3.3.3;Export Tax Rebates;24
3.3.4;Export Tax Rebate and Exemption Declaration Procedures;27
3.4;4…Business Tax;27
3.5;5…Consumption Tax;29
3.6;6…Other Specialist and Smaller Applicable Taxes;31
3.6.1;Urban Construction and Maintenance Taxes (UCMT) and Education Surcharge (ES);31
3.6.2;Resource Tax;32
3.6.3;Land Appreciation Tax;32
3.6.4;Property Tax;33
3.6.5;Vehicle and Vessel Usage License Plate Tax;34
3.6.6;Stamp Tax;34
3.6.7;Deed Tax;35
3.6.8;Customs Duties;36
3.7;7…Tax Aspects of Processing and Assembly Operations;37
3.7.1;Tax Issues for LLJGs;37
3.7.2;Anti-avoidance Provisions and Practice;37
4;3 Expatriate Individual Income Tax in China;40
4.1;1…Individual Income Tax;40
4.2;2…Tracking Liabilities;40
4.3;3…Self Reporting Individual Income Tax Rules;41
4.4;4…Who Has to Pay?;44
4.4.1;Expatriates on Extended Business Trips to China;44
4.4.2;Foreigners Working for Legal Enterprises in China;44
4.4.3;Foreigners Holding Concurrent Posts Both in China and Elsewhere;44
4.4.4;China Residency Status and IIT on Your Worldwide Income;45
4.4.5;Work Permit Registration Procedures;45
4.5;5…Expatriate Tax Rates and Liabilities;45
4.6;6…Deductible Allowances;46
4.7;7…Provisional Examples of Benefits;47
4.8;8…Permits Required by Foreign Staff;47
4.8.1;Alien Employment License;47
4.8.2;Notification for Application of Employment Visa and Residence Permit;48
4.8.3;Alien Employment Permit;48
4.8.4;Residence Permit;49
4.9;9…Individual Income Tax for Local Staff;49
5;4 Audit;51
5.1;1…Audit items Often Queried by Chinese Independent Auditors;51
5.1.1;Adjustments for Foreign Related Payment Income;51
5.1.2;Related Party Transactions and Transfer Pricing;52
5.1.3;Withholding Obligations;52
5.1.4;Input VAT;52
5.1.5;VAT Refund on Export;52
5.1.6;Stamp Duty;53
5.2;2…General Accounting Treatments on Significant Audit Areas;53
5.2.1;Trade Debtors;53
5.2.2;Long-term Debt Investments;53
5.2.3;Fixed Assets;53
5.2.3.1;Fixed Asset Qualification;53
5.2.3.2;Residual Value;54
5.2.3.3;Depreciation Years;54
5.2.3.4;Accelerated Depreciation;54
5.2.4;Intangible and Other Assets;54
5.2.5;Pre-operating Expenses;54
5.2.6;Reserve Funds;54
5.2.7;Mandatory Company Fund Allocations;55
5.2.8;Special Attention to Stock Inventories;55
5.3;3…Other Required Annual Licensing and Renewals;56
5.3.1;Preparation for the Annual Cooperative Examination;56
5.3.2;Requirements for Annual Cooperative Examination Documents;56
5.4;4…Transfer Pricing Contemporaneous Documentation;57
6;5 Procedures for the Declaration and Repatriation of Dividends;59
6.1;1…Preparing for Declaration of Dividends in China;59
7;6 Double Tax Treaties and Agreements;61
7.1;1…Double Tax Treaties;61
7.1.1;Withholding Tax Rates;63
7.1.2;Income from Employment;63
7.1.3;Exchange of Information;64
8;Glossary of Terms;65

Tax Planning.- China's Tax Law and Administration.- Corporate Income Tax, Value-added Tax, Withholding Tax and Business Tax.- Representative Office Tax Treatments.- Export Tax Rebates.- Consumption Tax Rates .- Expatriate Individual Income Tax and Permitted Benefit Allowances.- Statutory Audit Obligations for Foreign Enterprises .- General Accounting Treatments on Significant Audit Areas .- Annual Audit Issues Commonly Queried Upon Inspection.- Related Party Transaction Documentation Requirements.- China’s Double Tax Treaties.- Regulations Concerning China-Hong Kong Cross Border Treatments.

Über Autor(innen)

Dezan Shira & Associates is a specialist foreign direct investment practice, providing business advisory, tax, accounting, payroll and due diligence services to multinationals investing in China, Hong Kong, India and Vietnam. Established in 1992, the firm is a leading regional practice in Asia with seventeen offices in four jurisdictions, employing over 170 business advisory and tax professionals. Dezan Shira & Associates provides a combination of business advisory and accounting services to our clients, giving them the ability to acquire professional knowledge in the local legal regulatory environment in each country as well as the tax and financial implications of doing so.We also provide useful business information through our media and publishing house, Asia Briefing.