Are all contracts subject to stamp duty? No, stamp duty is only applicable to the categories listed in the Stamp Duty regulation. Others not listed are not subject to stamp duty. If a contract is not executed, is it subject to the stamp duty? No, stamp duty should be recognized when the contract is signed […]

In order to manage the overseas Non-governmental organizations’ (“NGO”) office establishment and temporary activities filing within the mainland of China, a Guidance was issued by the Public Security Ministry and became effective on 1 January 2017. The guidance regulated that qualified foreign NGOs may apply for the establishment of representative offices in China. Lee & […]

From 1 March 2016, for A level general VAT taxpayers, they are not compulsorily required to do VAT input official receipts certification via scan method any more. Instead, they can access the VAT official receipts query system to query and select relevant information to declare deduction or export tax refund. If that information is not […]

Effective from 1 May 2016, VAT reform is expanded to all services and nationwide in P.R. China. However, not all the VAT can be deducted even the special official receipts could be obtained from the new VAT taxpayers. Input VATs of the following items are not deductible: 1) The catering and passenger transportation service; 2) […]

Since 1 October 2016, for foreign-invested Enterprises’ Establishment and Administration Change, as long as they are not relating to state special permit, there is no need for approval any more. Instead, only filing is required. Lee & Lee Associates Insights: From approval to just filing, this measure shall significantly streamline administrative establishment process for enterprises. It […]

Small-scale tax payer’s tax filings are simplified since 1 April, 2016 with following measures. On quarterly basis, not current monthly basis, VAT small-scale taxpayers shall do filing for VAT, consumption tax, public cultural construction tax and the relevant surtaxes. If a taxpayer does not prefer to do the filings on a quarterly basis, then the […]