China Tax Weekly Update - Issue 34
China Tax Weekly Update - Issue 34
The following matters are covered in this issue:
- EU concluded Ireland granted undue tax benefits of up to €13 billion to Apple
- China moves toward taxation on pollutants
- Further VAT implementation rules
- SAT clarifies certain tax collection issues for VAT reform (SAT Announcement [2016] No. 53)
- SAT clarifies the VAT treatment of running water charges in the property management services (SAT Announcement [2016] No. 54)
- Beijing State Tax Bureau clarifies the usage of invoices for fee-collecting services provided by banks
- China to facilitate processing trade business
- MOFCOM and GAC cancel the pre-approval for processing trade business (MOFCOM and GAC Announcement [2016] No. 45)
- GAC clarifies the issues for filling in processing trade manual (GAC Announcement [2016] No. 46)
- China adds 7 new free trade zones
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