Foreign-related tax practice

Author: Hong Zhishe
Publisher:
Publish Date: 2005-06-01
Features: With the gradual deepening of China's economic system reform and the continuous expansion of its opening-up, especially after China joined the WTO, international capital has been flowing into China, with more foreign enterprises and personnel investing in the country. By the end of 2003, a total of 465,277 foreign-invested enterprises had been approved nationwide, with contractual foreign capital amounting to 943.13 billion U.S. dollars. The actual use of foreign investment amounted to 501.47 billion U.S. dollars. The influx of international capital and the development of foreign-invested economies have not only played an extremely important role in promoting China's economic growth but also brought significant opportunities, as well as formidable tasks and challenges, to tax work, particularly foreign-related tax administration. This book is divided into ten chapters, introducing knowledge on various aspects such as an introduction to foreign-related taxation, income tax for foreign-invested enterprises and foreign enterprises, value-added tax, consumption tax, export tax rebates (and exemptions), tax collection and management for foreign-related enterprises, foreign tax audits, anti-avoidance measures, international tax agreements, and tax information exchange.