China’s Turnover Taxes Revised

After the Enterprise Income Tax of the People’s Republic of China on 1 January 2008 unified China’s corporate income tax system, China has since the start of this year implemented a second wave of tax reforms, this time involving the three types of turnover taxes: BT...

China and BVI Exchange Tax Information

The British Virgin Islands (BVI) are the second largest source of foreign direct investment into China. Many foreign companies use this tax haven to establish their holding structure, while many Chinese companies and individuals use BVI entities to park their...