In many cases, the owners of such foreign entities are not aware of PE concepts and as a result, the entities are subject to Chinese CIT liability.
Posted by Tim Hilligoss on February 27, 2012
More and more companies today are venturing into the waters of international business. While the potential rewards of global trade are great, so are the …
Posted by Tim Hilligoss on July 30, 2010
In view of the stricter administration of ROs, the limited business scope, and the increased tax costs brought about, foreign investors may need to revisit …
Posted by Tim Hilligoss on September 30, 2009
The new Business Tax (“BT”) regulations took effect on January 1, 2009. The new tax significantly increases the tax liability for foreign service providers that …
Posted by Tim Hilligoss on May 31, 2009
First, if a non-tax resident enterprise derives passive income, namely interest, dividend, rental, royalties, and capital gains, etc. from China, the payer of the income …
The year of 2018 was essential to the world’s two greatest trading nations: the United States and China. Throughout 2018, the Trump administration proposed and launched a series of policies imposing additional duty rates on a wide range of products imported from China. China retaliated immediately by publishing a list of products imported from US as targets for an additional 25% tariff. This trade friction is sweeping worldwide and has significant impacts on businesses.
If you own a closely-held business, one of the most critical questions you may ask yourself is, “How can I maximize the value of …