China Tax Weekly Update - Issue 3
China Tax Weekly Update - Issue 3
The following matters are covered in this issue:
- “Two invoices system” for pharmaceutical sector (Guo Yi Gai Ban Fa [2016] No. 4)
- VAT on asset management further clarified (Cai Shui [2017] No. 2)
- OECD BEPS continuity work on treaty relief
- Interaction between the tax treaty provisions of the report on BEPS Action 6 and the treaty entitlement of non-CIV funds
- Oil and gas industry tax incentives for imports of goods and equipment
- Notice on import tax exemption for imported materials used for exploitation of oil and nature gas in specific areas on land in China during the 13th FYP period (Cai Guan Shui [2016] No. 68)
- Notice on import tax exemption for imported materials used for exploitation of oil and nature gas in the oceans of China during the 13th FYP period (Cai Guan Shui [2016] No. 69)
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