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Tax to the aid of innovation and entrepreneurship in China

As China faces rising labour costs and competition from lower cost countries in the region, incentive supply side programmes such as the HNTE scheme and 150% super deduction will help achieve the government’s aim of solid and stable growth for the Chinese economy as it enters its 13th five-year plan. Alan Garcia, Yang Bin, Josephine Jiang and William Zhang highlight the available benefits for R&D.

December 05 2016

IIT in China – moving with the times

Although China’s individual income tax (IIT) reform is still being incubated and there have been no changes to the IIT Law during the past couple of years, the future of IIT presents both opportunities and challenges. Michelle Zhou, Chris Ho, Vincent Pang, Angie Ho and Jason Jiang look at the future intended changes to the IIT system.

December 05 2016

China transfer pricing – first mover on BEPS

In July 2016, China’s State Administration of Taxation (SAT) released Announcement 42, outlining the updated Chinese requirements for contemporaneous documentation. In October, it released Announcement 64, containing revisions to the guidance on the administration of advance pricing arrangements. Chi Cheng, Xiaoyue Wang, Simon Liu, Kelly Liao and Mimi Wang explore the implications.

December 05 2016

Challenges of the two invoices system for China’s pharmaceutical industry

China has been rolling out various measures to reform its healthcare system. Among these changes, the “two invoices system” has attracted much attention and is likely to affect the way pharmaceutical companies are structured and how they sell their drugs. Grace Xie, Henry Ngai and Thomas Li provide an overview of what is happening in China and how it will impact the pharmaceutical sector.

December 05 2016

BEPS in China – multi-track developments

China’s progress in rolling out the 2015 BEPS recommendations, key cross-border tax enforcement trends in 2016, and the development of China’s external tax policy are the focus of this chapter by Khoonming Ho, Chris Xing, Lilly Li and Conrad Turley.

December 05 2016

Sponsored by Chevez Ruiz Zamarripa

Significant financing costs from Mexico's VAT bill 2017

Amendments to Mexico’s VAT Law will significantly increase the costs for business taxpayers. Cesar De La Parra and Ignacio Mosquera explain the changes.

December 05 2016

Last chance to register: Free global transfer pricing webinar on managing BEPS Action 13

Only a few days remain to join a panel of transfer pricing experts on December 8, as they share invaluable insights and takeaways on how to manage the challenges arising from BEPS Action 13.

December 05 2016

European Commission unveils VAT rules for e-commerce businesses

It may become easier for e-commerce businesses to sell their goods and services online if the European Commission’s latest proposals are enacted.

Anjana Haines, December 01 2016

UK government shaky on Brexit, but HMRC well-organised

Leaks and murmurs are providing the best insight into how the UK government is planning to approach Brexit, but company tax departments can at least be thankful that the revenue authority, HMRC, appears to be well prepared for leaving the EU.

Joe Stanley-Smith, December 01 2016

PwC adds two new transfer pricing principals

PwC has added two new transfer principals to their US offices, with Jerry Klopfer joining in Boston and Stephen Curtis in Denver.

Lena Angvik, December 01 2016

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