Category: Uncategorized

Case Study: Exploring China’s New Capital Gain Tax Calculation

Hong Kong and China entered into a Double Taxation Arrangement (DTA) in 2006. The treaty’s purpose is to avoid double taxation, reduce tax evasion, improve ties between both jurisdictions by reinforcing their respective tax laws, encourage competition, and promote investment....

/ December 12, 2016

Electronic Chops: Unauthorized Use and Legal Risk Management in China

A company seal, or chop, is integral to the administration of a company and the key to legally authorize documentation in China. An electronic chop– the digital version of its physical counterpart– can be used for online transactions. However, electronic...

/ December 9, 2016

How Effective Chief Digital Officers Navigate Digital Transformations

By Heidrick & Struggles As mobile technology, constant connectivity, and data analytics become increasingly embedded in the fabric of daily life, few businesses have been left untouched. Digital disruption—the changes that result from applying new technology to goods or services—is not...

/ December 7, 2016

How to Benefit from Local One Belt, One Road Implementation

Foreign businesses are adjusting their long-term China strategies as they evaluate how local governments implement the RMB 40 billion-backed national One Belt, One Road (OBOR) development policy. As provincial and city governments release additional details about project funding, companies are...

/ December 2, 2016

USCBC hosts Reception and Dinner in Honor of the 2016 US-China JCCT

On Monday, November 21, USCBC and the US Chamber of Commerce held a reception and small dinner in honor of the 2016 U.S.- China JCCT. The reception and dinner was attended by Vice Premier Wang Yang and his delegation and...

/ November 23, 2016

Buying Real Estate in China

Purchasing real estate in China can be a complex procedure. Because there are so many eligibility requirements for a mortgage and to buy real estate, it’s important for investors to be aware of the differences between owning real estate and...

/ November 23, 2016

Don’t Forget the Staff Handbook

Many employers in China are overlooking the importance of a staff handbook and instead are relying on an employment contracts, which often don’t include some key provisions. While an employment contract details important terms such as working hours, salary, main...

/ October 31, 2016

China Implements New Unified Work Permit Pilot Scheme

On September 9, 2016, the State Administration of Foreign Experts Affairs’ (SAFEA) announced that the existing Foreign Expert Permit and Alien Employment License will be merged into a single permit. The new permit introduces a tiered classification system for foreign...

/ October 7, 2016

China Introduces Sweeping New Transfer Pricing Rules

China’s State Administration of Taxation (SAT) issued the Announcement on the Administration of Related-party Transactions and Contemporaneous Documentation (SAT Announcement [2016] No. 42), which introduces a three-tiered documentation framework that will replace its current transfer pricing documentation rules. The June...

/ September 19, 2016

TRADE FACTS: 5 Things To Know About China’s Nonmarket Economy Status

    When China joined the World Trade Organization (WTO) in 2001, its government’s pervasive intervention in the economy meant that China’s trading partners could not trust data on production costs to determine a fair market value in antidumping cases....

/ July 28, 2016