Tax Newsletter — May/June 2014: review of PRC and Hong Kong tax developments
By Doris Ho and Anderson Lam
DLA Piper’s May/June 2014 edition of its Tax Newsletter provides a review of People’s Republic of China (PRC) and Hong Kong tax developments.
- SAFE released rules regarding cross-border security
- Determination of beneficial owner under double tax treaties in entrusted investment
- New tax treaty signed between the PRC and Germany
- Chengdu Tax Authority negates trademark royalty based on economic contribution analysis
- SAT released rules regarding VAT refund to enterprises engaging in foreign trade comprehensive services
- Telecommunications sector included in VAT pilot reform
- Certain clarifications on taxable income for enterprise income tax purposes
- Exchange of tax information agreement with the US
- Stamp duty updates
- Tax evasion and tax avoidance cases
- Inland Revenue (Amendment) bill 2014
- Free-trade agreement with the association of Southeast Asian Nations
Click on the link below to read the DLA Piper briefing.
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