Category: Tax

China’s new Tobacco Tax Law comes into effect 1 July with emphasis on reducing the detrimental effects of smoking on society

In past years, the Chinese government has taken several steps to curb the impact of smoking. China is home to more than 300 million smokers consuming more than one-third of the world’s cigarettes. What’s more, an estimated 740 million are exposed to second-and smoke. The detrimental impact of smoking on physical health and well-being, as…

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Smoothing the path to cross-border business connectivity: Horizons’ Roberto Gilardino discusses the China Collaborative Group

During 2018, Horizons remains highly focused on the efforts of its newly formed China Collaborative Group (CCG). The multidisciplinary legal services collective is designed to provide Chinese clients with cohesive strategic solutions that facilitate cross-border investment under the Belt and Road Initiative and other global economic trade platforms. The Square talks with Roberto Gilardino, Horizons…

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China VAT rate reductions in effect from 1 May

This post is part of Horizons ongoing sharing of important information related to the implementation of China VAT reforms. China business enterprises within 17% and 11% value-added tax rates subject to a 1% reduction On the 4 April 2018, the Ministry of Finance and State Administration of Taxation jointly announced (Cai Shui [2018] No. 32) that…

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China investment news: New regulation smooths the way to continued outbound investment

On 26 December 2017, the National Development and Reform Commission (NDRC) promulgated the Administrative Measures for the Outbound Investment of Enterprises (Regulation No.11), effective 1 March 2018. Regulation No. 11 reflects a robust move to simplify responsible Chinese outbound investments into an online record-filling system without capping the maximum investment amount. Comprising six chapters and…

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