The story of China's income taxation of corporate reorganisations falls into four distinct periods. The first years of the development of a market economy were a period of benign neglect as tax authorities came to grips with a new tax system and some domestic taxpayers exploited unintended...

The unprecedented economic changes taking place in China over the past three decades have led to significant new fiscal pressures for the central and provincial governments. The relative decline of public ownership and rise of the private sector has forced governments to substitute revenues from...

Chinese double tax treaties define the territory of China in a broad sense and prima facie Hong Kong is included within the territory of China. However, the Chinese and Hong Kong authorities, as well as all of China's treaty partners, take the view that Hong Kong is not covered by Chinese tax...

As part of a substantial overhaul of its tax system, in 1994 China established two tax administration systems, one under the control of the central government and separate agencies in each province supervised by provincial governments. Responsibility for collecting individual and company income...

This article compares VAT compliance costs in OECD countries with those in China, a significant competitor and trading partner of most OECD countries. The long and sometimes complex evolution of China’s turnover tax system into a more modern VAT contributed to the compliance burden but recent...

In May 2016, China's indirect turnover tax on services and transfers of real property, the Business Tax, was terminated and with supplies formerly subject to the tax shifted into the VAT. This paper explains the background to the transition from the Business Tax to the VAT and the new rules that...