Our collection of resources based on what we have learned on the ground
Resources
Q&A
How is value-added tax (VAT) calculated for foreign entities or individuals in C...
- May 2014
- Members Access
If an overseas entity or individual provides taxable services in China and does not have an operating entity in China, the tax withholding party should calculate the amount of tax to be withheld using the following formula: Amount of tax to be wit...
Q&A
What is the difference between zero-rated value-added tax (VAT) and VAT exempt s...
- May 2014
- Members Access
The difference between zero-rated and exempted VAT is that, under zero-rated VAT the input VAT attributable to the export of services can be credited from VAT payable and/or refunded. Under the VAT exemption system, the input VAT attributable to expo...
Q&A
What happens if a service is eligible for both value-added tax (VAT) zero-rating...
- May 2014
- Members Access
If a service is eligible for both VAT zero-rating and VAT exemption, VAT zero-rating takes precedence over VAT exemption. Providers of zero-rated VAT services may opt to pay VAT or apply for VAT exemption instead by filing a relevant declaration. How...
Q&A
How does an enterprise obtain tax exemption for exported services in China?
- May 2014
- Members Access
To obtain exemption for exported services, a written cross-border service contract must be signed with the service recipient. In addition, the entire income from providing the service must be obtained from overseas. This could pose problems for inter...
Q&A
Has the tax burden for logistics enterprises increased due to the value-added ta...
- May 2014
- Members Access
The tax burden for logistics enterprises has nearly doubled since the implementation of the pilot reform. The 11 percent VAT rate for transportation industries replaced the previous 3 percent business tax (BT); while storage, delivery and cargo forwa...
Q&A
What factors should businesses in China consider to estimate possible changes in...
- May 2014
- Members Access
In estimating changes in their tax burden, businesses can consider the following factors: The proportion of expense that is input VAT deductible against the income; Ability to obtain certificates for claiming input VAT; Composition of suppliers;...
infographic
Individual Income Tax Return in China
- January 2014
- Free Access
A template of an individual income tax return in China.
magazine
Der Große Steuervergleich für Asien 2014
- November 2013
- Members Access
Im Hinblick auf die geltende Steuergesetzgebung bestehen erhebliche Unterschiede zwischen den asiatischen Ländern. In dieser Ausgabe wollen wir Ihnen einen aktuellen Ãberblick über diejenigen Steuern liefern, die für ausländische Inves...
infographic
Key Tax Rates in Myanmar
- July 2013
- Free Access
The table shows the different tax rates in Myanmar.
infographic
Key Tax Rates in Cambodia
- July 2013
- Free Access
The table shows the different tax rates in Cambodia.
infographic
Key Tax Rates in the Philippines
- July 2013
- Free Access
A table showing the different tax rates in the Philippines.
infographic
Key Tax Rates in Hong Kong
- July 2013
- Free Access
The table shows the different tax rates in Hong Kong.
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