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Juha Lassila

New tax notice brings some clarity on expat secondments - Lexology - 0 views

www.lexology.com/...detail.aspx

china tax

shared by Juha Lassila on 02 Dec 10 - No Cached
  • Juha Lassila on 02 Dec 10
     
    The SAT Interpretation lists certain factors (such as whether the overseas parent company directs the work of the employee or bears the salary costs of the employee, whether any profit is derived from the secondment, etc.) to determine if a seconded expatriate is working for the parent company. If any one of the conditions is met, the tax authorities may determine that the seconded expatriate is working for the parent company. The treaty clauses regarding PE will then be applied to determine whether the parent company creates a PE in the country where the subsidiary is located. In other words, if any of the factors are deemed to apply, the risk of the offshore parent company being deemed to have a
Juha Lassila

Checking In: China Sees Rush of Location-Based Foursquare Imitators - China Real Time R... - 0 views

blogs.wsj.com/...s-rush-of-foursquare-imitators

china ICT geoinfo startup

shared by Juha Lassila on 22 Dec 10 - No Cached
  • China is already home to more than 30 Foursquare-like location-based service companies
  • “In Chinese culture, people always bargain. Discounts and benefits can be attractive lure to potential users,” says Zhang Yi, CEO of Guangzhou-based IIMEDIA Marketing Consultation Group. “Chinese businesses attach more importance to short-term profits, and the LBS sites provide a pretty goal-oriented marketing solution.”
  • Currently, around 18% of China’s estimated 800 million mobile users are using smart phones
Juha Lassila

cedzsearch.com - Information on Economic Development Zones - 0 views

www.cedzsearch.com

china location EDZ info

shared by Juha Lassila on 29 Nov 10 - No Cached
  • Juha Lassila on 29 Nov 10
     
    China economic development zone search (CedzSearch.com) database with information relating to China Economic Development Zone, Industrial Zones.
Juha Lassila

New Regulations for Resident Representative Offices in China | Regulatory Updates - Dez... - 0 views

www.dezshira.com/...entative-offices-in-china.html

china law setup startup

shared by Juha Lassila on 25 Dec 10 - No Cached
  • Representative offices cannot employ in excess of four foreign staff, including the chief representative.
  • representative offices will not be permitted to apply for tax exemption
  • representative offices may also not engage in any profitable activities
  • ...6 more annotations...
  • If you require your China operations to directly buy and sell, have its own import/export license, and legitimately trade in China – you will need to change your current RO structure to that of a foreign invested commercial enterprise (FICE) or wholly foreign owned enterprise (WFOE)
  • 2. ROs are now more expensive to operate than a FICE or WFOE
  • foreign invested commercial enterprises (FICE) These are typically used for the following business activities: • Import-export and distribution • Retailing: selling goods and related services to individuals from a fixed location, in addition to TV, telephone, mail order, internet and vending machines, • Wholesaling: selling goods and related services to companies and industry, trade or other organizations • Agencies, brokerages: representative transactions on the basis of provisions • Franchising Use of wholly foreign owned enterprises (WFOE) in the services industry • Consulting, other professional services • Quality control, after sales services, product design, technical support, sampling (although minimum amount permitted)
  • WFOEs may also be used for manufacturing.
  • the establishment of both a FICE and a WFOE are rather more complex than an RO
  • The structuring and application of the new FICE/WFOE can be combined at the same time as the RO closure.
  • Juha Lassila on 25 Dec 10
     
    Hmmm... If FICE/WFOE are more complex to setup then what about FIPs - Foreign Invested Partnersips?
Juha Lassila

China imposes additional tax burden on foreign enterprise, foreign invested enterprises... - 0 views

www.lexology.com/...detail.aspx

china tax

shared by Juha Lassila on 23 Dec 10 - No Cached
  • City Maintenance and Construction Tax (“CMCT”)
  • Education Surcharge
  • Each surcharge is calculated as a percentage of the actual amount of the VAT, CT and BT paid by the taxpayers.
  • ...2 more annotations...
  • Education Surcharge is calculated at 3% of the VAT, CT and BT payments.
  • If the tax payer (or the tax withholding agent in case of a foreign enterprise) is located in an urban area, the rate is 7% of the VAT, CT and BT payments;
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