• China and Netherlands Sign New Tax Treaty to Encourage Investment
  The People’s Republic of China and the Netherlands have signed a new tax treaty on May 31, 2013 which is expected to replace the current tax treaty (signed in 1987).
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• China and Netherlands Sign New Tax Treaty to Encourage Investment
  The People’s Republic of China and the Netherlands have signed a new tax treaty on May 31, 2013 which is expected to replace the current tax treaty (signed in 1987).
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• Bribery convictions china, internal audit compliance, international expansion, doing business overseas
  China’s major investigatory and prosecutorial division - Supreme People’s Procuratorate (SPP) along with other PRC anti-corruption organizations declared the availability of a centralized database of individuals and companies charged with bribery offenses to the public
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• Canada and China Sign Investment Treaty; Provide Protection to Investors against Arbitrary Government Actions
  The Governments of Canada and People Republic of China signed a bilateral investment treaty, the Canada-China Foreign Investment Promotion and Protection Agreement (Canada-China FIPA) on September 8, 2012.
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• China Adopts Registration of Trademark for New Sectors
  The Chinese government has adopted the Tenth Edition (Version 2013) of the International Classification of Goods and Services ("Nice Classification"), allowing seven new retail or wholesale services for registration under Class 35 (under sub-class 3509).
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• China Amends Company Law Provisions
  China’s National People’s Congress approved recent modifications suggested under the company law of the People's Republic of China (PRC).
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• China Business Guide
  China Business Guide - Nair & Co. helps organization set up and operate in China with legal entity set up support that includes managing the complete legal entity documentation and registration process. We advise companies on China employment laws, help manage payroll, corporate taxes, VAT/Indirect Tax and day-to-day accounting issues.
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• China Business Guide
  China Business Guide - Nair & Co. helps organization set up and operate in China with legal entity set up support that includes managing the complete legal entity documentation and registration process. We advise companies on China employment laws, help manage payroll, corporate taxes, VAT/Indirect Tax and day-to-day accounting issues.
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• China Clarifies Enterprise Income Tax incentive for Technology Transfers
  The Chinese State Administration of Taxation (SAT) recently issued clarification on the definition of income from transfer of technology by resident companies, reports Nair & Co.’s International Tax Team.
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• China Clarifies Enterprise Income Tax Treatment of Equity Compensation Plans
  Chinese tax authorities have clarified the Corporate Income Tax (CTI) treatment of equity incentive compensation plans (EICP) taking effect from 1 July, 2012. The recent clarification dealing with executive compensations is likely to improve the chances of business expansion in China and develop the country’s securities market.
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• China Cracks Down on Employee Secondment Arrangements
  Proposed amendments to China’s Labor Contract Law will severely restrict secondment of employees, an arrangement where companies doing business in China contract employees via a labor agency.
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• China Eases Foreign Exchange Restrictions to Encourage FDI Inflow
  China’s State Administration of Foreign Exchange (SAFE) simplifies foreign exchange rules relating to foreign direct investment to attract foreign investment into China.
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• China Enacts New Exit-Entry Administrative Law; Targets Illegal Entry, Stay and Employment of Expatriates
  China has formally enacted a new Exit-Entry Administration Law on June 30, 2012. The new reform, taking effect on July 1, 2013, aims to restrict illegal foreign immigration and brings in an array of changes to the current law concerning foreigners' visa, residence and rights. Please visit Nair and co website to know more information.
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• China Exempts Small-sized Business from VAT and Business Tax
  On July 29, 2013, the Chinese Finance Ministry (MOF) and the State Administration of Taxation (SAT) has announced VAT and business tax exemptions for small-sized businesses. The new measure has come into effect from August 1, 2013.
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• China Intensifies Effort to Implement Collective Wage Bargaining Practices by 2013
  The Chinese Government and the All-China Federal Trade Unions (ACFTU)are escalating efforts to promote collective wage bargaining amongst corporations, especially multinationals operating in the country.
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• China Introduces Surcharge on Electronic Waste; Manufacturing Sector Affected
  Chinese tax authority, State Administration of Taxation (SAT) has released a declaration establishing surcharge on electronic waste in the country, on August 20, 2012.
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• China Issues New Rules on SAFE Registration Process for Stocks & Share Plans
  Chinese authorities have released an updated guidance on the registration process for share plans with the State Administration of Foreign Exchange (SAFE), broadening the scope to cover most types of share plans.
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• China revamps the resident certificate procedure for tax arrangement with Hong Kong
  China’s State Administration of Taxation (SAT) department recently announced that the Mainland China tax authority may determine tax resident status of a business or entities operating in Hong Kong.
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• China Revises Income Tax Incentives for Software and Integrated Circuit Manufacturers
  China has revised the enterprise income tax incentives for software and integrated circuit (IC)companies as per a notification released jointly by the Ministry of Finance and the State Administration of Taxation (SAT).
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• China Revises Profit Repatriation Regulations
  The Chinese Government has issued a notice concerning tax clearance for remitting payments abroad on service items. This will take effect from September 1, 2013, says Nair & Co.’s International Tax team.
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