The Resource An update on recent Chinese tax rules on nonresident enterprises

An update on recent Chinese tax rules on nonresident enterprises

Label
An update on recent Chinese tax rules on nonresident enterprises
Title
An update on recent Chinese tax rules on nonresident enterprises
Creator
Subject
Language
eng
Summary
China continues strengthening tax administration and collection over non-resident enterprises (NREs). The official statistics indicated that following a record high tax revenue collected from NREs in the amount of about RMB56 billion (about US$8.2 billion) in 2009, which represented an increase of 45.9 percent from 2008, the tax revenue collected from NREs in the first six months of 2010 increased by 34.5 percent on a year-on-year basis. Boosting those efforts, the PRC tax authorities have issued some new tax rules concerning NREs. This article examines those new rules and highlight impacts on foreign companies doing business in China. The new rules discussed in this article cover taxation on permanent establishments and representative offices when NREs carry out direct operations in China, and taxation on capital gains, dividends, royalties and interest when NREs do not engage in direct operations in China, as well as the procedures for claiming treaty benefits and technical explanation on treaty provisions
Citation source
In: Taxes - the tax magazine. - Chicago. - Vol. 88 (2010),
http://library.link/vocab/creatorName
  • Tao, P
  • Kim, S. (Sang)
Geographic coverage
Asia
Language note
English
http://library.link/vocab/subjectName
  • non-resident company
  • PE
  • capital gains tax
  • dividend
  • royalties
  • interest
Label
An update on recent Chinese tax rules on nonresident enterprises
Instantiates
Publication
Label
An update on recent Chinese tax rules on nonresident enterprises
Publication

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