International Tax Newsletter - May 2015

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