2024-01-12
Transportation Expense Reimbursement and Deduction of Input Tax, These Precautions Must Be Understood!
Transportation expenses are an essential cost in the production and operation of enterprises. What issues should be paid attention to when reimbursing and deducting input tax? Can common types of transportation bills serve as input tax deduction vouchers? How to determine the deductible input tax amount... Hargent provides you with a detailed analysis and summarizes six high-frequency issues for enterprises to refer to when actually reimbursing.
2024-01-12
Tax Analysis and Corresponding Suggestions on the New Policy of Ordinary Residence
On December 14, 2023, Beijing and Shanghai simultaneously introduced optimization policies for the real estate industry, adjusting the standard for ordinary residence, lowering down payments and interest rates, aiming to meet residents' housing needs and promote the healthy development of the market. This article takes Beijing as an example to explore the impact of the adjustment of ordinary residence standards on the land appreciation tax of real estate enterprises, and provides corresponding suggestions.
2023-12-12
Discussion on the Tax Treatment of Upfront Land Costs Under the Urban Renewal Model
Urban renewal has become an important way for real estate companies to obtain land resources. Under various modes of urban renewal, the tax treatment of upfront land costs is a focus issue. In order to ensure that upfront land costs can be deducted before tax, what kind of bills real estate companies should obtain is a key issue. This article will explore the tax treatment of upfront land costs under the urban renewal model.
2024-01-25
An Analysis of the Impact of the Four Major Changes in the New “Company Law” on Corporate Tax Management
The newly revised “Company Law of the People's Republic of China” has been voted on and passed recently. The new Company Law has made significant changes to China's corporate capital system, corporate mechanism and organizational structure, as well as the rights and responsibilities of shareholders, directors, supervisors, senior managers and creditors. The resulting tax implications deserve corporate attention. Hargent will analyze the impact of the four major changes in the “Company Law” on corporate tax management from a tax professional perspective.
2024-01-25
As the Country Regulates the Implementation of the New PPP Mechanism, What Are the Key Points in Tax Management?
The General Office of the State Council recently forwarded the "Guiding Opinions of the National Development and Reform Commission and the Ministry of Finance on Standardizing the Implementation of the New Mechanism for Public-Private-Partnership" (Letter No. 115 [2023] of the General Office of the State Council), which clarifies that PPP focuses on user-pay projects and completely adopts the franchise model. Under the overall requirements of the new mechanism, which tax issues need to be focused on? This article brings you the latest insights.
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Two Pillars
The Stamp Act Came into Effect on July 1
From July 1, 2022, the "Stamp Act of the People's Republic of China" (hereinafter referred to as the "Stamp Duty Law") will come into effect. The implementation of the stamp duty law is imminent. What changes will the stamp duty of construction companies face?
2022-06-28 Hargent
Expansion of the Industry that Full Refund VAT Reatined Tax
Since this year, the state has introduced a series of preferential fiscal and taxation policies to help enterprises and solve difficulties. Among them, the refund of value-added tax credits is one of the "blindly good medicines"! Then the industry will expand in the face of full refund of value-added tax credits! What are the tax risks?
2022-06-30 Hargent
The Modernization of Taxation Administration Enhanced by Technology Innovation: Concept Updates and Path Suggestions
Human society has entered the era of the fourth industrial revolution, and technological innovation has accelerated and integrated with the development of various fields of society. It has significant characteristics such as big data, intelligence and decentralization. Understanding the nature of the characteristics of contemporary technological innovation will help us establish modern tax collection concepts such as tax governance, reducing institutional transaction costs and protecting taxpayers' rights and interests. This paper proposes several paths and suggestions to promote the modernization of tax collection and management through technological innovation from the aspects of creating a commercial transaction bit certificate, implementing a big data strategy, exploring a smart tax declaration system, and establishing a tax co-governance system.
2022-05-06 Wu, Xiaoqiang Cui, Jun
The Global Tax Strategies of Chinese Multinational Enterprises in the "Two-pillar" International Tax Environment
Two-pillar reform scheme for international taxation that is addressing the tax challenges of a digitised economy and thorough prevention of tax base erosion with multinational corporations by G20 and OECD, which has a wide public statement of support from the international community and moving forward on schedule. Global tax compliance for multinational corporations requires compliance with a whole new system of rules. However stances of economies at the same income level towards international tax reform differ markedly despite being mostly consistent, and considerable complexity and uncertainty in the international tax environment. How to find a current way in the new rules and adapt to the new environment and establish a safe and effective global tax strategy that is directly related to the global interests of Chinese multinational enterprises and to the maintenance of China's tax sovereignty in the major adjustment of the international economic order.
2022-03-17 Wu, Xiaoqiang Li, Xiaofan Cui, Jun
Tax Analysis and Implementation Suggestion on Infrastructure REITs Structuring with the New Tax Policy
The new policy of Cai Shui 2022 Notice No. 3 is a major institutional innovation for infrastructure REITs in China, which greatly benefits the supply of REITs products and market development. The tax experts of Hargent analyzed the full tax treatment of the five major aspects of infrastructure REITs structuring under the new policy, and proposed operational considerations with service cases and research results.
2022-01-31 Wu, Xiaoqiang Ma, Mingli Wang, Fang
How to Pay Taxes for Investment in Listed Companies of Beijing Stock Exchange?
On 14 November 2021, the Ministry of Finance and the State Administration of Taxation jointly issued the Announcement on the Application of Taxation Policies of the Beijing Stock Exchange (Announcement No. 33 of 2021 by the Ministry of Finance and the State Administration of Taxation), which clarifies the taxation policies applicable to the Beijing Stock Exchange. The taxation policy was clarified.
2021-11-24 Liu, Daping
Tax Related Issues for Signing Contracts
When entering into a contract, enterprises need to consider not only the realisation of the economic business, but also the tax issues and risks involved in the economic business specified in the contract. Don't underestimate the tax risk prevention and control when signing a contract, as taking the small tax risk at the beginning lightly may lead to big problems later. Below, Hargent Xiaobian analyzes the tax issues and risks that should be concerned when signing a contract.
2021-08-19 Xiao, Dongmei
Analysis and Comparison of Different IIT Calculation Methods for Annual Bonus
Annual lump-sum bonuses refer to lump-sum bonuses paid to employees by administrative organs, enterprises and institutions based on their annual economic benefits and comprehensive assessment of their annual work performance, and also include year-end salary increases, annual salary and performance salary paid by units implementing the annual salary system and performance pay scheme based on the assessment. Prior to 31 December 2023, resident individuals may choose to pay individual income tax on their annual lump sum bonuses separately (hereinafter referred to as "separate taxation") or to pay individual income tax on their annual lump sum bonuses by combining them with their comprehensive income for the year (hereinafter referred to as "combining them with their comprehensive income").
2022-01-20 Xiao, Dongmei
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