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Tax

China

As local and international tax regulations become more prescriptive, dealing with them in a cross-border context presents you with a significant challenge. The number and complexity of tax investigations conducted by authorities is rapidly escalating and the need for tax adjustments is rising accordingly. Our tax team in China together with 350 tax lawyers globally are supported by strong technical tax intelligence teams that identify developments in tax law and policy affecting your business. This multi-disciplinary approach helps you develop robust structures that maximise tax effectiveness in alignment with your commercial strategy.

Whether you are multinational corporations, banks and financial institutions, international investors or expatriate individuals, we understand your business and the tax pressures you face. Our teams work together in China, across Europe and beyond in the key areas affecting your business including VAT, overall business tax issues, income tax for corporate and individuals, international taxation, M&A and investment funds, transfer pricing, e-commerce, tax planning and financing as well as customs issues that relate to trade with China. Our experts can help you manage tax control cases and deal with tax authorities. Our team of dedicated tax experts not only have expertise in the field of tax law but have also a strong background in corporate and commercial law and in key industry sectors. This helps us provide the right tax advice to our clients that makes a material difference to transaction costs and, in some cases, avert serious consequences.

Our Awards:

  • SSQ Thomson Reuters ALB China Law Awards 2017 – Tax (nominated) by SSQ Thomson Reuters ALB
  • Tax Law Firm of the Year (Shortlisted) (2019) by Thomson Reuters ALB
  • Leading Law Firm for Tax in China: Foreign Firms (2018, 2019) by Legal 500 Asia Pacific
  • China Business Law Awards – Taxation (2019) by China Business Law Awards
  • Tax Law Firm of the Year (Shortlisted) (2017, 2018) by China Law & Practice Awards
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07/04/2016
PRC VAT Re­form Will Be Ex­pan­ded to Cov­er All In­dus­tries
On 23 March 2016, the PRC Min­istry of Fin­ance (“MOF”) and the State Ad­min­is­tra­tion of Tax­a­tion (“SAT”) jointly is­sued the No­tice of Over­all Pi­lot Ex­e­cu­tion of Trans­form­ing Busi­ness Tax in­to Value-ad­ded Tax (i.e., the cir­cu­lar Caishui [2016] No. 36, here­in­after re­ferred to as “the Cir­cu­lar”). Ac­cord­ing to the Cir­cu­lar, the VAT re­form in China will be ex­pan­ded to all in­dus­tries, in­clud­ing fin­ance in­dustry, life­style ser­vice in­dustry and real prop­erty and con­struc­tion in­dustry (“Newly Ad­ded In­dus­tries”), from 1 May 2016. With this ex­pan­sion of the VAT re­form, Busi­ness Tax will be com­pletely ab­ol­ished.We sum­mar­ise the main con­tents of this Cir­cu­lar be­low ac­cord­ing to the fol­low­ing four as­pects:Main changes brought by the Cir­cu­lar, com­pared with the Cir­cu­lar Caishui [2013] No. 106 and Caishui [2014] No. 50 (the pre­vi­ous reg­u­la­tions on pi­lot VAT re­form su­per­seded by the Cir­cu­lar);Sup­ple­ment­ary policies gran­ted to the Newly Ad­ded In­dus­tries;Trans­ition­al pref­er­en­tial VAT treat­ments; andVAT treat­ments for cross-bor­der tax­able activ­it­ies.Please click the Source link be­low to read more.
29/04/2016
Chinese Tax Reg­u­la­tion Up­date - April 2016
Please read our ana­lys­is on the latest de­vel­op­ment in China Tax Reg­u­la­tion. The main areas are:SAT An­nounce­ment [2016] No. 14SAT An­nounce­ment [2016] No. 15SAT An­nounce­ment [2016] No. 16SAT An­nounce­ment [2016] No. 17SAT An­nounce­ment [2016] No. 18Please click the be­low Source link to read more.
26/05/2016
Chinese Tax Reg­u­la­tion Up­date - May 2016
Please read our ana­lys­is on the latest de­vel­op­ment in China Tax Reg­u­la­tion. The main areas are:SAT An­nounce­ment [2016] No. 23SAT An­nounce­ment [2016] No. 28SAT An­nounce­ment [2016] No. 29Please click the be­low Source link to read more.

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8/4/2020
China Tax Reg­u­la­tion Up­date – Ju­ly 2020
08 July 2020
CMS Ex­pert Guide to cli­mate change tax re­forms and in­cent­ives
04 August 2020
China Tax Reg­u­la­tion Up­date - Ju­ly 2020
The latest de­vel­op­ment in China Tax Reg­u­la­tion mainly in­cludes: Caishui [2020] No. 31 jointly re­leased by the Min­istry of Fin­ance (“MOF”) and the State Ad­min­is­tra­tion of Tax­a­tion (“SAT”)...
09/07/2020
CMS, China Talks About the PRC Civil Code on China Law Pod­cast
25 March 2020
CMS Ex­pert Guide to COV­ID-19 tax re­lief meas­ures
01 July 2020
PRC Su­preme People's Court An­nounces Guid­ing Opin­ions (III) on Tri­al of...
On 08 June 2020, the Su­preme People's Court (“SPC”) of the People’s Re­pub­lic of China (“PRC”) pro­mul­gated the Guid­ing Opin­ions (III) on Sev­er­al Is­sues Con­cern­ing Law­ful and Prop­er Tri­al of Civil...
06/30/2020
China Tax Reg­u­la­tion Up­date - June 2020
27 July 2018
CMS Ex­pert Guide to trans­fer pri­cing doc­u­ment­a­tion
Are you look­ing for in­form­a­tion on trans­fer pri­cing doc­u­ment­a­tion? This CMS Ex­pert Guide provides you with everything you need to know.
30 June 2020
China Tax Reg­u­la­tion Up­date - June 2020
The latest de­vel­op­ment in China Tax Reg­u­la­tion mainly in­cludes: SAT An­nounce­ment [2020] No. 10 SAT An­nounce­ment [2020] No. 11 An­nounce­ment [2020] No. 28 jointly re­leased by the Min­istry of...
6/29/2020
Po­ten­tial Tax Audits in Shang­hai
19 April 2017
CMS Ex­pert Guide to trans­fer pri­cing doc­u­ment­a­tion re­quire­ments
This CMS Ex­pert Guide is an ex­cel­lent sup­port for in­ter­na­tion­al groups to man­age and se­cure their trans­fer pri­cing policy in an en­vir­on­ment where the pro­vi­sions of na­tion­al laws are far from be­ing har­mon­ised.
29 June 2020
Po­ten­tial Tax Audits in Shang­hai
The Shang­hai Mu­ni­cip­al Tax Bur­eau has re­cently made pub­lic, fol­low­ing the re­quire­ments in the cir­cu­lars Shuizongfa [2015] No. 104, Guofa [2019] No. 5 and oth­er rel­ev­ant reg­u­la­tions, a work ar­range­ment...