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  • China Tax Weekly Update - Issue 34

China Tax Weekly Update - Issue 34

China Tax Weekly Update - Issue 34

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China Tax Weekly Update

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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© 2022 KPMG Huazhen LLP, a People's Republic of China partnership, KPMG Advisory (China) Limited, a limited liability company in Mainland China, KPMG, a Macau (SAR) partnership, and KPMG, a Hong Kong (SAR) partnership, are member firms of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organisation.

For more detail about the structure of the KPMG global organisation please visit https://home.kpmg/governance.

京ICP备12028186号-1
京公网安备11010102003233号

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