China Tax Weekly Update - Issue 10
China Tax Weekly Update - Issue 10
Issue 10, March 2016
The following matters are covered in this issue:
- The Director of SAT responds to the hot issues of VAT reforms
- 2016 NPC & CPPCC: Proposals for advancing financial and tax reforms and legislations by NPC
- Real estate tax law included in the preparatory item of 2016 legislation plans
- Charity law adopted by National People's Congress (NPC)
- The 4th Protocol to China-HK DTA enters into force (SAT Announcement [2016] No.12)
- SAT & OECD jointly set up a multilateral tax centre
- Beijing State Tax Bureau promotes issuance of electronic ordinary VAT invoices through the electronic VAT invoice system
- Application for enjoyment of preferential import tax policies for the key technical equipment clarified (Gong Xin Ting Lian Cai [2016] No. 40)
- GAC ceases the pre-approval of deferred payment of Tariffs and Duties collected by the customs on imports (GAC Announcement [2016] No.15)
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