“Author Archive”

China Releases 2011 Statistics for HR and Social Security Development

China Releases 2011 Statistics for HR and Social Security Development

China’s Ministry of Human Resources and Social Security recently released a statistical bulletin on “The 2011 Human Resource and Social Security Development in China (hereinafter referred as the Bulletin),” outlining the country’s employment, social security, human resource, and public service conditions in the year 2011. Employment conditions China’s working population reached 764.2 million by the [...]

Jun 13 2012, 7:32 am | Posted in Human Resources | Read More »

China Clarifies Individual Income Tax for Work-Related Injury Compensation

China Clarifies Individual Income Tax for Work-Related Injury Compensation

In order to fully implement the “Regulation on Work-Related Injury Insurances (Order of the State Council No.586, hereinafter referred as the ‘Regulation’),” the Chinese government issued the “Notice on Issues Regarding Individual Income Tax for Compensations of Work-Related Injury Insurances (caishui [2012] No.40, hereinafter referred as the ‘Notice’)” on May 3, 2012 in accordance with [...]

Jun 11 2012, 7:28 am | Posted in Featured,Taxation | Read More »

Updates on China’s Minimum Wage Levels

PC211-03

Recently, soaring costs in China’s traditional manufacturing clusters, including land prices, tightening environmental regulations, and wage overheads, have been posing challenges for manufacturers. The Chinese government is apparently shifting from creating preferential policies for foreign investors towards instead favoring its local labor pool due to the country’s widening income gap. In addition, wage hikes will [...]

Jun 4 2012, 7:37 am | Posted in Featured,Finance | Read More »

Severance Pay Subject to Individual Income Tax in China

Severance Pay Subject to Individual Income Tax in China

On May 14, officials from China’s State Administration of Taxation answered questions on several hot issues regarding ambiguities in tax payments, clarifying that individual income tax should be paid when an employee receives compensation for termination of their contract. According to the government officials, if the one-time compensation offered to an employee after the termination [...]

May 24 2012, 7:36 am | Posted in Featured,Taxation | Read More »

China Issues New Guidelines to Help Minimize Tax Uncertainty

China Issues New Guidelines to Help Minimize Tax Uncertainty

The State Administration of Taxation (SAT) published a notice regarding the “Working Guidelines on Replying to Specific Tax Matters (Trial) (guoshuifa [2012] No. 14, hereinafter referred to as ‘Guidelines’)” on February 10, 2012, which took effect from March 1, 2012. China’s taxation system is rapidly developing, and with the increasingly complex economic environment, tax disputes [...]

May 21 2012, 9:10 am | Posted in Featured,Taxation | Read More »

Clarification Regarding China’s VAT Treatment on Sales of Used Fixed Assets

Clarification Regarding China’s VAT Treatment on Sales of Used Fixed Assets

The State Administration of Taxation (SAT) issued an announcement at the beginning of the year further regulating the value-added tax (VAT) treatment on the sales of used fixed assets. The “Announcement on VAT Issues Concerning the Sale of Self-used Fixed Assets by VAT General Taxpayers (SAT Announcement [2012] No.1, hereafter referred to as ‘Announcement 1’),” [...]

May 11 2012, 9:21 am | Posted in Investment Relations | Read More »

CEPA Rules of Origin for Hong Kong-Mainland Trade in Goods

CEPA Rules of Origin for Hong Kong-Mainland Trade in Goods

In order to enjoy zero tariffs under the Closer Economic Partnership Agreement (CEPA), goods exported from Hong Kong to Mainland China must fulfill the rules of origin and show evidence of being “made in Hong Kong.” The execution of the rules of origin is detailed in the “Customs Provisions of the People’s Republic of China [...]

May 8 2012, 8:22 am | Posted in Featured,Investment Relations | Read More »

2012 Annual Compliance Reports for Shenzhen Representative Offices

2012 Annual Compliance Reports for Shenzhen Representative Offices

According to the new “Regulations on the Registration and Administration of Representative Offices of Foreign-Invested Enterprises (guowuyuanling No.584)” (Regulations), representative offices (ROs) of FIEs registered and established before December 31, 2011 are required to submit the annual compliance report to the local registrars before June 30, 2012. Those who failed to file the report will [...]

Apr 30 2012, 7:34 am | Posted in Featured,Investment Relations | Read More »

Guangdong Streamlines the Registration Process for Foreign-Funded Companies

Guangdong Streamlines the Registration Process for Foreign-Funded Companies

According to the Department of Foreign Trade and Economic Cooperation of Guangdong Province and Guangdong Province Administration of Industry and Commerce (Guangdong AIC), a new streamlined registration and approval process for foreign-funded companies will be run across nine cities along the Pearl River Delta. The newly revamped procedures are currently being trialed in Dongguan, Foshan, [...]

Apr 18 2012, 7:34 am | Posted in Featured,Investment Relations | Read More »

Foreigners in China Now Subject to SAFE Registration for Equity Incentive Plans

Foreigners in China Now Subject to SAFE Registration for Equity Incentive Plans

China’s State Administration of Foreign Exchange (SAFE) replaced the “Circular Regarding Procedural Requirements for Chinese Nationals to Participate in Employers’ Overseas Equity Incentive Plans (huizongfa [2007] No.78)” (“Circular 78”) with the new “Circular Regarding Issues Relating to Foreign Exchange Administration of Domestic Individuals’ Participation in Equity Incentive Plan of Overseas Listed Companies (huifa [2012] No.7)” [...]

Apr 12 2012, 11:11 am | Posted in Featured,Investment Relations | Read More »

The Contributor

China Briefing hosts a wealth of business intelligence on legal, tax, and operational issues in China from a practical perspective. Knowledge, expertise and commentary for China Briefing is regularly contributed by Dezan Shira & Associates´ professional legal and tax staff. Currently located in Futian district, Dezan Shira & Associates has been assisting foreign companies in Shenzhen for 22 years.

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