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  • China Tax Weekly Update - Issue 7

China Tax Weekly Update - Issue 7

China Tax Weekly Update - Issue 7

Issue 7, February 2016

China Tax Weekly Update

The following matters are covered in this issue:

  • The State Council issues guidance to encourage the development of Group Innovation Space (GIS) (Guo Ban Fa [2016] No. 7)
  • State Council approves pilot schemes for service trade innovation (Guo Fa [2016] No. 40)
  • State Council cancels the second batch of 152 administrative approval items (Guo Fa [2016] No. 9)
  • SAT implements the new Administrative Measures for Recognition of High and New Technology Enterprise (HNTE) (Shui Zong Han [2016] No. 74)
  • SAT improves the administration of tax credit rating (SAT Announcement [2016] No. 9)
  • SAT improves the administration mechanism of taxation service complaints (Shui Zong Han [2016] No. 57)
  • Pricing basis of construction projects will need to be adjusted following the VAT reform of the construction industry (Jian Ban Biao [2016] No. 4)
  • Preferential Deed Tax and Business Tax policies for real estate transactions (Cai Shui [2016] No. 23)
  • Improving permanent residence administration for foreigners in China
  • The 11thround of negotiations for Regional Comprehensive Economic Partnership (RCEP) held in Brunei
  • The first round of negotiations for China-Georgia free trade agreement (FTA) held in Georgia
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For more detail about the structure of the KPMG global organization please visit https://kpmg.com/governance.

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