Chinese Tax Law and International Treaties

This book describes in detail China's complex tax system and policies. It also offers a country-by-country analysis of the most significant tax treaties between China and foreign countries.

The People's Republic of China's tax policies and international obligations are as multifaceted and dynamic as they are complex, developing closely with the nation's rise to the world's fastest-growing major economy. Today, after decades of reform and the entry into the World Trade Organization, China has developed regulatory systems that enable it to provide stable administration, including a tax structure. China's main tax reform can be attributed to the enactment of the Enterprise Income Tax Law, which came into effect on January 1, 2008. Chinese tax regulations include direct taxes, indirect taxes, other taxes, and custom duties and from a collection point of view, China's tax administration adopts a very devolved system, with revenue collected and shared between different levels of government in accordance with contracts between the different levels of the tax administration system. With respect to international treaties, China has established a network of bilateral tax treaties and regional free trade agreements. This publication describes in detail China's complex tax system and policies, as well as major bilateral treaties in which China has entered into using country-by-country analysis.

Lorenzo Riccardi is Tax Advisor and Certified Public Accountant specialized in international taxation. He is based in Shanghai, where he focuses on business and tax law, assisting foreign investments in East Asia. He is an auditor and an advisor for several corporate groups and he is partner and Head of Tax of the consulting firm GWA, specializing in emerging markets.

Comprehensive and updated tax guide which will help readers to better understand the Chinese tax system. Provides a collection of the most significant tax treaties between China and foreign countries. Contains practical ways for tax calculation which are very easy to understand. Includes supplementary material: sn.pub/extras

Autorentext

Lorenzo Riccardi is Tax Advisor and Certified Public Accountant specialized in international taxation. He is based in Shanghai, where he focuses on business and tax law, assisting foreign investments in East Asia. He is an auditor and an advisor for several corporate groups and he is partner and Head of Tax of the consulting firm GWA, specializing in emerging markets.

Inhalt
Legislative Background and Tax Reform.- Individual Income Tax Law.- Company Income Tax.- Turnover Taxes.- Profiles of International Tax.- Introduction to International Taxation.- Transfer Pricing Policies in China.- Anti-Avoidance Rules and Permanent Establishment Concept.- International Tax Treaties.