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Apr 2014, Issue 7

The Central Government urges optimisation of policies to boost M&A activities in China - the tax aspect

The State Council released a circular Guofa [2014] No.14 (Circular 14) on 7 March 2014, urging various government bodies to improve policies so as to encourage mergers and acquisitions (M&A) in China. The direction for tax policy improvement is to relax the corporate income tax (CIT) corporate restructuring rules with respect to special tax treatment (STT) and to improve land appreciation tax (LAT), business tax (BT) and value-added tax (VAT) policies involved in M&A transactions. Investors should monitor the development in this area and assess the potential implications for their future M&A activities and corporate restructuring strategies in China.

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Peter Ng
China and Hong Kong Tax Leader
Tel: +[86] (21) 2323 1828 Email
Edwin Wong
Tel: +[86] (10) 6533 2100 Email
Charles Lee
China South Tax Leader
Tel: +[86] (755) 8261 8899 Email