SAT Clarifies Tax Rules On Sale Of Assets By Lessees In Finance Leaseback

LEHMAN LEE&XU
Since the sale of assets by lessees in finance leaseback became the new favorite of listed companies, the tax preference is given by State Administration of Taxation recently.
On September 8 issued an announcement related to the sale of assets by lessees in finance leaseback by the State Administration of Taxation, which focuses on value [...]

Published by admin on September 27th, 2010 tagged China News | Comment now »

SAT Clarified Completion Conditions of Real Estate Product

On May 12 2010, the State Administration of Taxation (SAT) issued the Notice of Clarifying the Completion Conditions of Product Developments of Real Estate Development Enterprise (Guo Shui Han [2010] No.201) (Notice 201) pursuant to previous Circulars concerning enterprise income tax (EIT) of real estate development enterprises (REDEs).
In accordance with Notice 201, the completion conditions [...]

Published by admin on August 9th, 2010 tagged China Law | 1 Comment »

SAT Issued New Circular to Restrict Collection of LVAT

On May 19th 2010, the State Administration of Taxation (“SAT”) promulgated the Notice Regarding Certain Issues of Calculating Land Value-Added Tax (Guo Shui Han [2010] No.220) (the “Notice”). The Notice further clarified the calculation of land value-added tax (“LVAT”) from certain aspects concerning calculation of income, deduction of costs, compensation of dismantlement, and such others.
(1) [...]

Published by admin on August 9th, 2010 tagged China Law | Comment now »

Supplementary Notice Clarifies Treatment of Non-Residents Under Tax Treaties

The State Administration of Taxation (SAT) of the People’s Republic of China recently published a Supplementary Notice in order to clarify the Measures for the Administration of Non-residents’ Treatment under Tax Treaties.  Before this notice, it was unclear which identification papers of fiscal residents were required to be submitted by taxpayers in accordance with Articles [...]

Published by admin on July 16th, 2010 tagged China Law | 1 Comment »