China Tax Regulation Update - June 2018

China

The latest development in China Tax Regulation mainly includes:

  • Caishui [2018] No. 57: Land Appreciation Tax (“LAT”) policies for corporate restructuring
  • SAT Announcement [2018] No.27: Effectiveness of the protocol amending the Sino-Swedish Double Taxation Treaty (“Protocol”)
  • Caishui [2018] No. 44, jointly issued by the Ministry of Finance (“MOF”), the State Administration of Taxation (“SAT”), the Ministry of Commerce, the Ministry of Science and Technology (“MST”) and the National Development and Reform Committee: Preferential Corporate Income Tax (“CIT”) policy for Advanced Technology Service Enterprises (“ATSEs”)
  • SAT Announcement [2018] No.28: Administrative measures on vouchers of costs for CIT deduction
  • Caishui [2018] No.58, jointly issued by the MOF, the SAT and the MST: Individual Income Tax (“IIT”) policies on cash bonus due to position-based scientific and technological achievements

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