Articles by Practice Area
- Are you ready for the implementation of the new tax laws in 2019?
- 中华人民共和国个人所得税法修改 - 对您的潜在影响及所需的即时行动
- Excellent Client Feedback from Asialaw Profiles
- Hong Kong has commenced exchanging financial account information with other jurisdictions for tax purpose
- China is Reforming Its Individual Income Tax Rules – Are You Ready?
China has now passed a Tort Liability Law ("the Tort Law"), which will come into effect in Mainland China on 1st July 2010.
The Tort Law integrates the basic legal concepts of tort-related provisions, now contained in other PRC laws, into a single piece of legislation, covering a range of areas including product and medical product liability, environmental protection and high risk and hazardous activities. These are all activities and areas in which foreign owned enterprises are increasingly active in China.
Non-Chinese entities should be aware of the risks of exposing themselves to Chinese Enterprise Income Tax ("EIT") and Business Tax ("BT") merely by transferring non-Chinese employees to work in China.
The concern is that a non-Chinese entity may be regarded by the PRC Tax Authorities as having a Permanent Establishment in China ("PE"), even though it does not have any physical existence or place of business in China.
This is precisely where OLN's China Practice team and its experienced team members can offer invaluable assistance.