Tax planning strategies in response to China's changing tax landscape - issues and structures to be considered in a post tax unification China

Resource Information

The work Tax planning strategies in response to China's changing tax landscape - issues and structures to be considered in a post tax unification China represents a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation. This resource is a combination of several types including: Work, Language Material, Continuing Resources.

Label

Tax planning strategies in response to China's changing tax landscape - issues and structures to be considered in a post tax unification China

Creator

• Eichelberger, J
• Kelly, B.T

Subject

• investment incentive
• corporate income tax
• tax reform
• tax planning
• foreign investment

Language

eng

Summary

In March 2007, China approved what is being called the most important changes to the tax regime. The new Enterprise Income Tax Law provides a unified tax treatment for foreign-invested and domestic enterprises. The authors analyse the major changes introduced by the new law, including elimination of tax incentives for foreign investment enterprises, new tax incentives, withholding tax, general anti-avoidance provision, late payment interest on transfer pricing adjustments, thin capitalization, and taxation of non-resident enterprises. They also look at effective use of tax treaties, including popular jurisdictions for setting up holding companies, tax-free structuring, and disposal and exit strategies. Finally they consider tax minimization strategies, including use of contract manufacturing structures, use of sales/procurement agent structures with limited functions and risks, and potential risks

Citation source

In: Asia-Pacific tax bulletin. - Amsterdam. - Vol. 13 (2007),

Geographic coverage

International

Language note

English