Tag: vat

A massive tax reduction plan promoted by Premier Li Keqiang is intended to boost small and medium-sized enterprises. Treasurers may want to revisit contracts and renegotiate pricing.

It’s not just socialism that has Chinese characteristics. Tax laws, too, have their own very Chinese set of peculiarities and pitfalls. CT presents a primer on avoiding common tax traps.

Beijing's VAT reforms may push corporate shared service centres to adopt more advanced technology to simplify workflows.

A study by the World Bank and PwC has found that the time it takes corporates to comply with tax rules and the number of tax payments have fallen.

To help China-based treasurers better manage group liquidity, CT provides a full guide to different cash pool structures available in the country, along with their merits and pitfalls.

China’s tax reforms may not reduce tax burdens on popular cash pools, and might even increase costs. The traditional zero-balance cash pool structure specifically suffers.

As the deadline for the first tax filing under China’s new indirect tax system draws near, CT pinpoints the key challenges for businesses effected in China.

Safe eases FX restrictions; FASB proposes changes in restricted cash standards; PBoC expands X-border financing management nationwide; Korea offers tax incentives for R&D; China replaces business tax with VAT; US Fed to vote on derivatives rules; and much more…

The PBOC has issued a directive to banks releasing targeted industries from inclusion in Chinese banks' loan to deposit ratios:The Philippines has clarified its value added tax rebate process; and Taiwanese banks have been approved to establish branches in Myanmar

China will allow residents in the Shanghai Free Trade Zone to set up free trade accounts denominated in renminbi and foreign currencies; South Korea will make Initial Public Offerings easier.

The Indian central bank is reversing emergency measures in place since July; Vietnam is using value-added tax rebates to encourage exports; and the Shanghai free trade zone will shake up the market share of offshore renminbi centres

With China having issued Announcement 52 on VAT on September 13, CT spoke to key practitioners to identify how companies can take advantage of the reforms.