Asia Pacific Tax Notes 2014 Asian Tax and Advisory Webcast Series

China Tax/Business News Flash 

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Oct 2013, Issue 26

New horizon for doing business in Shanghai (II) – launch of the Pilot Free Trade Zone

China (Shanghai) Pilot Free Trade Zone (Shanghai PFTZ) officially commenced on 29 September 2013. At the launch, the State Council released the General Plan of China (Shanghai) Pilot Free Trade Zone (the General Plan) to set forth the relevant reform policies as well as the regulatory relaxation of service sectors in six categories. The General Plan also provides some corresponding customs and tax incentives to support the development of the Shanghai PFTZ. Immediately after the announcement, relevant government departments issued various implementation guidelines for the respective policies provided in the General Plan (please refer to the Appendix for a list of circulars issued to date). The launch of the Shanghai PFTZ will bring benefits and new business opportunities for both foreign and domestic investors on their inbound and outbound investments respectively.

Download the Shanghai Free Trade Zone placemat to get insights into new polices & their implications; potential benefits for selected industries and examples of possible business models.

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Peter Ng
China and Hong Kong Tax Leader
Shanghai
Tel: +[86] (21) 2323 1828 Email
Spencer Chong
Greater China Transfer Pricing Leader
Shanghai
Tel: +[86] (21) 2323 2580 Email
Jane Wang
Partner
Shanghai
Tel: +[86] (21) 2323 2896 Email
Ray Zhu
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Shanghai
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Bill Yuan
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Tel: +[86] (21) 2323 2747 Email