• China Introduces Surcharge on Electronic Waste; Manufacturing Sector Affected
  Chinese tax authority, State Administration of Taxation (SAT) has released a declaration establishing surcharge on electronic waste in the country, on August 20, 2012.
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• China Issues New Rules on SAFE Registration Process for Stocks & Share Plans
  Chinese authorities have released an updated guidance on the registration process for share plans with the State Administration of Foreign Exchange (SAFE), broadening the scope to cover most types of share plans.
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• China Mandates Annual Corporate Reporting in Shanghai Free Trade Zone
  China recently announced that companies operating within Shanghai?s ?Pilot? Free-trade Zone must publish certain business information.
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• China Reduces Corporate Tax for Small Businesses; Cuts Import Tariffs
  China’s tax policy framework for 2012 largely focuses on reducing taxes for both individuals and small businesses to maintain economic growth and stability. China’s Ministry of Finance presented the tax policy framework for 2012 during the National Finance Work Conference in Beijing.
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• China revamps the resident certificate procedure for tax arrangement with Hong Kong
  China’s State Administration of Taxation (SAT) department recently announced that the Mainland China tax authority may determine tax resident status of a business or entities operating in Hong Kong.
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• China Revises Income Tax Incentives for Software and Integrated Circuit Manufacturers
  China has revised the enterprise income tax incentives for software and integrated circuit (IC)companies as per a notification released jointly by the Ministry of Finance and the State Administration of Taxation (SAT).
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• China Revises Profit Repatriation Regulations
  The Chinese Government has issued a notice concerning tax clearance for remitting payments abroad on service items. This will take effect from September 1, 2013, says Nair & Co.’s International Tax team.
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• China Revises Profit Repatriation Regulations
  The Chinese Government has issued a notice concerning tax clearance for remitting payments abroad on service items. This will take effect from September 1, 2013, says Nair & Co.’s International Tax team.
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• China Revises Profit Repatriation Regulations
  The Chinese Government has issued a notice concerning tax clearance for remitting payments abroad on service items. This will take effect from September 1, 2013, says Nair & Co.’s International Tax team.
  with advisory business china compliance global in international optimization pr press profit regulations release repatriation revises services strategies tax by 3 users
• China simplifies Taxation of Secondment Employment
  The Chinese Government’s State Administration of Taxation (SAT) issued Announcement 19, which clarifies the situation under which cross-border secondments of expatriate employees by multi-national companies (MNC) in China creates a taxable situation.
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• China Strengthens Data Privacy Laws
  The Chinese government has recently passed a resolution intensifying data privacy laws in the country. These regulations contain significant and comprehensive requirements relevant to the collection and processing of electronic personal information.
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• China Strengthens Data Privacy Laws
  The Chinese government has recently passed a resolution intensifying data privacy laws in the country. These regulations contain significant and comprehensive requirements relevant to the collection and processing of electronic personal information.
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• China to ease Company Set Up Norms and Requirements
  The Chinese government is likely to approve reforms related to its corporate laws in an effort to decrease the hassles involved in setting up a new business, reports Nair & Co.’s International Business Expansion Team.
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• China to Increase Taxation of State Owned Enterprises
  The Chinese government’s recent approval to reform the system of income distribution will affect the taxation of state-owned organizations and the business of property speculation.
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• China-UK Tax Protocol Signed; 5% Reduced Withholding on Certain Inter-company Dividends to be Allowed: International Tax Adviso
  China and the UK have recently signed a Protocol which will allow a 5% reduced withholding tax (from the current 10%) on inter-company dividends, where the beneficial owner has direct ownership of 25% (or more) of the capital of the company which pays the dividends.
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• China’s Draft Labour Dispatch Provisions
  The Chinese government recently issued draft regulations relating to provisions of Labour Dispatch. Public comments were sought till the first week of September, says Nair & Co.’s International HR Services Team.
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• China’s Labor Union Movement Affecting Foreign-Invested Enterprises
  China’s state-run All China Federation of Trade Unions (ACFTU) has announced it aims create labor unions in 65% of the country’s foreign-invested enterprises by the end of the year 2011 and increase the percentages to 78% by 2012 and 90% by 2013. The enforcement campaign is affecting companies with subsidiaries in the PRC as some face increased costs in complying with the labor union requirements,” said Dr. Shan Nair, CEO and Co-founder of Nair & Co., a global services firm that specializes in helping companies expand overseas.
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• Chinese Delegation Visits IEEE Computer Society Office
  A delegation of Chinese computing professionals visited the IEEE Computer Society's Southern California office this week to learn more about computer-related professional education, certificate, and certification programs.
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• Chinese Government Extends the VAT Nationally: International Tax Advisory Team
  China’s State Council has recently announced that the Value Added Tax (VAT) pilot program will be implemented nationwide from August 1, 2013. The pilot program is currently in force only in a few cities and provinces.
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• Chipset and Embedded Software
  GlobalLogic collaborates with semiconductor innovators on chip firmware, BSP and OS adaptation, drivers, and application layer software
  with and chipsets connectivity embedded soc software system-on-chip wireless

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