International Tax Newsletter - May 2015

The May edition of BDO's China Tax Newsletter features recent tax-related developments in China, including adjustments to business tax policies for transfer of housing by individuals. Articles include:
 

• Promulgation of the Catalogue of Encouraged Industries in Western China
• Administrative Approval Replaced by Registration When Applying for the General VAT Taxpayer Qualification
• Further Regulated and Strengthened Administration of Transfer Pricing in Respect of Expenses Paid By an Enterprise to Its Overseas Related Party
• Expanded Scope of Small Low-profit Enterprises Eligible to Reduce Taxable Income by Half When Computing Enterprise Income Tax
• Adjustments to Business Tax Policies for Transfer of Housing by Individuals
• Nationwide Implementation of the Installment Tax Policy for Individual Investments with Non-monetary Assets