International Tax Newsletter - July 2015

The July edition of BDO China's China Tax Newsletter features recent tax-related news and developments in China, such as adjustment to VAT declaration, adjustments to cigarette consumption tax and more. Articles include:

• Promulgation of Administrative Measures on Tax Refund for Overseas Visitors Purchasing Goods and Departing from China (Trial Implementation)
• Deferred Declaration Allowed for Overdue Export VAT Refund (Exemption)
• Reinforced Follow- up Administration of Cost Apportionment Agreement
• Clarification on Several Issues Relating to Administration of Levying and Collection of Enterprise Income Tax on Restructuring of Enterprises
• Simplification of Application Procedure of Business Tax Exemption on Individual Donating Immovable Property and Land Use Right
• Adjustment of Value-Added Tax Incentives of Integrated Utilization of Resources Products and Labor Services