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  • China Tax Weekly Update - Issue 31

China Tax Weekly Update - Issue 31

China Tax Weekly Update - Issue 31

China Tax Weekly Update

The followings are included in this issue:

  • Jiangsu tax bureau to further push forward the development of international tax (Su Guo Shui Fa [2016] No. 125)
  • Selective tariff policy on domestic sales expanded (Cai Guan Shui [2016] No. 40)
  • NDRC plans to expand accelerated depreciation policy to all emerging industries
  • Further VAT implementation rules
    • SAT’s announcement in relation to the stolen or lost special VAT invoices (SAT Announcement [2016] No. 50)
    • MOF and SAT jointly clarify the urban construction and maintenance tax (UCMT) and education surcharge on prepaid VAT (Cai Shui [2016] No. 74)
  • BLTB further clarifies the facilitation of tax handling for Beijing taxpayers (BLTB Announcement[2016] No. 10)
  • BSTB to take leading role in international tax administration
  • MOF solicits opinions on the revised Accounting Standards for Business Enterprises
    • MOF solicits opinions on the revised ASBE No. 16 in respect of government subsidy (Cai Ban Kuai [2016] No. 31)
    • MOF solicits opinions on the revised ASBE No. 22, No. 23 and No. 24 (Cai Ban Kuai [2016] No. 33)
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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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