ITR Search | International Tax Review

A thousand miles begin with a single step: tax challenges under the BRI

As companies embark on overseas investment and projects under China’s Belt and Road Initiative (BRI), they are increasingly encountering tax issues in emerging and developing countries. Michael Wong, Joseph Tam, Alan O’Connor, Karen Lin, and Cloris Li look at key corporate tax issues they may face, and how the SAT is supporting Chinese companies to navigate through these overseas tax challenges.

November 28 2017

Foreword

The Year of the Rooster will soon give way to the Year of the Dog. China begins 2018 with the administration of President Xi Jinping entering its second term (2017 to 2022), following the 19th National Congress of the Communist Party of China (CPC) in October 2017. At the same time, China's 13th five-year plan (2016 to 2020) enters its core phase.

November 28 2017

Checklist of hot China tax issues for MNEs in 2018

In 2018, multinational enterprises (MNEs) should in particular be on alert for the following anticipated China tax developments.

November 28 2017

TP in China: all the data in the world

In 2017, China's State Administration of Taxation (SAT) completed its multi-year TP legislation overhaul by issuing Announcement 6 on special tax adjustments, investigations and MAP. With a distinct anti-avoidance flavour, Announcement 6 preludes the escalation and growing complexity of TP enforcement in China. Cheng Chi, Xiaoyue Wang, Kelly Liao, Mimi Wang and Rafael Miraglia discuss.

November 28 2017

This time it’s personal: China IIT on the eve of a major revamp

In 2017, we saw significant new China individual income tax (IIT) enforcement trends in relation to outbound and inbound expat tax monitoring and audit, as well as equity incentive schemes. Michelle Zhou, Jason Jiang, Sheila Zhang, Angie Ho, and Murray Sarelius highlight areas to watch for in the future.

November 28 2017

Tax boosts for Hong Kong funds industry

Darren Bowdern, Matthew Fenwick, and Malcolm Prebble explore the various initiatives that the Hong Kong government has introduced to boost Hong Kong’s position as a regional management hub in Asia. While Hong Kong is making positive changes to attract more funds to domicile in Hong Kong, more tax certainty is needed to convince fund managers to move.

November 28 2017

Better smart than lucky: China R&D incentives 2.0

Yang Bin, Rachel Guan, Josephine Jiang, and Henry Ngai examine the refinements being made to China’s innovation incentives, and their importance as a driver of continued Chinese economic growth.

November 28 2017

UK proposes stop-gap measures to tax digital companies

The EU and the UK have threatened unilateral action on tax reforms for the digital economy ahead of the OECD’s 2018 interim report on the issue. Proposals so far indicate a paradigm shift towards taxing the functional areas of the digital economy.

November 28 2017

VAT for financial services: The necessary move from IGP to the VAT unity regime

Banking, financial and insurance sectors need to consider the impact of a recent CJEU ruling that changes the VAT benefits they can achieve.

November 27 2017

CbCR may bring upswing in corporate tax revenues

Corporate tax revenue collections remain at low levels around the globe, the OECD’s annual tax revenue statistics show, but advisers believe increased transparency and potential audits drawing on country-by-country reports could turn this around.

Lena Angvik, November 24 2017

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