Menu
  • Locations
  • About Us
  • Services
  • Experts
  • News & Knowledge
  • Hot Topics
  • Culture & Career
  • Locations
  • Search
  • Press
  • Events & Webinars
  • CI Guide
  • Contact
  • Albania
  • Angola
  • Argentina
  • Armenia
  • Australia
  • Austria
  • Bangladesh
  • Belarus
  • Belgium
  • Benin
  • Bolivia
  • Bosnia & Herzegovina
  • Brazil
  • Bulgaria
  • Burkina Faso
  • Burundi
  • Cambodia
  • Cameroon
  • Canada
  • Chile
  • China
  • Colombia
  • Costa Rica
  • Croatia
  • Cyprus
  • Czech Republic
  • Denmark
  • Dominican Republic
  • Ecuador
  • Egypt
  • El Salvador
  • Estonia
  • Finland
  • France
  • Georgia
  • Germany
  • Ghana
  • Gibraltar
  • Greece
  • Guatemala
  • Guinea
  • Honduras
  • Hong Kong
  • Hungary
  • Iceland
  • India
  • Indonesia
  • Iran
  • Iraq
  • Ireland
  • Israel
  • Italy
  • Ivory Coast
  • Japan
  • Kazakhstan
  • Kenya
  • Korea
  • Kyrgyzstan
  • Laos
  • Latvia
  • Lithuania
  • Luxembourg
  • Macao
  • Macedonia
  • Madagascar
  • Malaysia
  • Mali
  • Malta
  • Mauritius
  • Mexico
  • Moldova
  • Mongolia
  • Montenegro
  • Morocco
  • Mozambique
  • Myanmar
  • Nepal
  • Netherlands
  • New Zealand
  • Niger
  • Nigeria
  • Norway
  • Pakistan
  • Panama
  • Paraguay
  • Peru
  • Philippines
  • Poland
  • Portugal
  • Puerto Rico
  • Romania
  • Russia
  • Rwanda
  • Saudi Arabia
  • Senegal
  • Serbia
  • Seychelles
  • Singapore
  • Slovakia
  • Slovenia
  • South Africa
  • Spain
  • Sri Lanka
  • Sweden
  • Switzerland
  • Taiwan
  • Tanzania
  • Thailand
  • Togo
  • Trinidad and Tobago
  • Tunisia
  • Turkey
  • Turkmenistan
  • Uganda
  • Ukraine
  • United Arab Emirates
  • United Kingdom
  • Uruguay
  • USA
  • Uzbekistan
  • Venezuela
  • Vietnam
  • Zambia
  • About Us
  • Our CEO
  • Our Board
  • Our Global Executive Team
  • Quality, Process & Risk Management
  • Corporate Tax
  • Customs
  • Financial Services
  • Global Mobility
  • Indirect Tax
  • International Corporate Tax
  • Mergers & Acquisitions (M&A)
  • Private Clients & Family Office
  • Sustainability & ESG in Taxation
  • Tax Controversy
  • Tax Technology
  • Transfer Pricing & Valuation
  • Real Estate
  • Latest News
  • Brochures
  • Newsletters
  • Newsletter Subscription
  • Surveys & Studies
  • Assignments to the Americas
  • Pillar Two - Global Minimum Tax
  • The Digital Tax Law Center (DTLC)
  • The European Tax Law Center (ETLC)
  • Climate Protection, Green Tax & Energy
  • Sustainability & ESG in Taxation
  • Culture and Leadership
  • Diversity
  • WTS Global Academy
  • Career
  • Your Development
  • Jobs
  • Pillar Two Team
  • Press
  • Events & Webinars
  • CI Guide
  • Contact
WTS worldwide
  • Albania
  • Angola
  • Argentina
  • Armenia
  • Australia
  • Austria
  • Bangladesh
  • Belarus
  • Belgium
  • Benin
  • Bolivia
  • Bosnia & Herzegovina
  • Brazil
  • Bulgaria
  • Burkina Faso
  • Burundi
  • Cambodia
  • Cameroon
  • Canada
  • Chile
  • China
  • Colombia
  • Costa Rica
  • Croatia
  • Cyprus
  • Czech Republic
  • Denmark
  • Dominican Republic
  • Ecuador
  • Egypt
  • El Salvador
  • Estonia
  • Finland
  • France
  • Georgia
  • Germany
  • Ghana
  • Gibraltar
  • Greece
  • Guatemala
  • Guinea
  • Honduras
  • Hong Kong
  • Hungary
  • Iceland
  • India
  • Indonesia
  • Iran
  • Iraq
  • Ireland
  • Israel
  • Italy
  • Ivory Coast
  • Japan
  • Kazakhstan
  • Kenya
  • Korea
  • Kyrgyzstan
  • Laos
  • Latvia
  • Lithuania
  • Luxembourg
  • Macao
  • Macedonia
  • Madagascar
  • Malaysia
  • Mali
  • Malta
  • Mauritius
  • Mexico
  • Moldova
  • Mongolia
  • Montenegro
  • Morocco
  • Mozambique
  • Myanmar
  • Nepal
  • Netherlands
  • New Zealand
  • Niger
  • Nigeria
  • Norway
  • Pakistan
  • Panama
  • Paraguay
  • Peru
  • Philippines
  • Poland
  • Portugal
  • Puerto Rico
  • Romania
  • Russia
  • Rwanda
  • Saudi Arabia
  • Senegal
  • Serbia
  • Singapore
  • Slovakia
  • Slovenia
  • South Africa
  • Spain
  • Sri Lanka
  • Sweden
  • Switzerland
  • Taiwan
  • Tanzania
  • Thailand
  • Togo
  • Trinidad and Tobago
  • Tunisia
  • Turkey
  • Turkmenistan
  • Uganda
  • Ukraine
  • United Arab Emirates
  • United Kingdom
  • Uruguay
  • USA
  • Uzbekistan
  • Venezuela
  • Vietnam
  • Zambia
  • About Us
    About Us

    Here you will find more information on our organization’s structure, experts and global reach.

    Read more
    About Us Our CEO Our Board Our Global Executive Team Quality, Process & Risk Management
  • Services
    Services

    Learn more about our network partners and their services.

    Read more
    Corporate Tax Customs Financial Services Global Mobility Indirect Tax
    International Corporate Tax Mergers & Acquisitions (M&A) Private Clients & Family Office Sustainability & ESG in Taxation Tax Controversy
    Tax Technology Transfer Pricing & Valuation Real Estate
  • Experts
    Experts

    With a representation in over 100 countries, our team offers local expertise on a global scale. Learn more about our experts.

    Read more
  • News & Knowledge
    News & Knowledge

    Welcome to WTS Global Insights. Here you will find news and updates from our worldwide network.

    Read more
    Latest News Brochures Newsletters Newsletter Subscription Surveys & Studies
    Assignments to the Americas
  • Hot Topics
    Hot Topics

    Overview of the current "Hot Topics" in the tax industry and how we can support with individual questions.

    Read more
    Pillar Two - Global Minimum Tax The Digital Tax Law Center (DTLC) The European Tax Law Center (ETLC) Climate Protection, Green Tax & Energy Sustainability & ESG in Taxation
  • Culture & Career
    Culture & Career
    Read more
    Culture and Leadership Diversity WTS Global Academy Career Your Development
    Jobs
  • Locations
    Locations

    Learn more about our worldwide partner network.

    Read more
  • Search
Home Locations China

WTS in China

Asia Pacific

Shanghai
Shanghai
WTS China
Unit 06-07, 9th Floor, Tower A, Financial Street Hailun Center
No.440 Hailun Road
Hongkou District
Shanghai
China 200080
http://www.wts.cn
+86 21 5047 8665
martin.ng@wts.cn

Our local partner firm in China is WTS China Co., Ltd.

WTS is a full service specialist in tax advisory, related to investments in China or/and Germany. We are in charge of global, large-scale enterprises, as well as medium-sized firms. We additionally maintain excellent contacts to the Financial Administration Bureau of the People`s Republic of China.

WTS' consultants in Shanghai and Munich have many years of experience in Chinese tax law. Our knowledge is based on experience we gained through our work in corporate tax departments and international consulting firms.

WTS has excellent contacts with the authorities and local institutions and a thorough knowledge of domestic requirements.

The close cooperation between our offices in China and the offices of our WTS network worldwide ensure time-saving and uncomplicated access to the local specialists. At the same time it guarantees that the Chinese legislation as well as the legislation of your country are both taken into account when developing your individual solution.

 

View news by WTS China here.

Main Contact
Martin Ng
Managing Partner
China
http://www.wts.cn
+ 86 (21) 5047 8665 ext. 202
View Profile

Local News

The approval of the Multilateral BEPS Convention contains the list of reservations and notifications made by the Chinese government, which becomes effective from 1 September 2022.

China has approved the Multilateral BEPS Convention
Read more

China proceeds with the roll-out of its e-invoicing regime.

China: National VAT e-invoicing targeted this year
Read more

In March 2022, the central government urged for intensified measures on tax administration on HNWIs, echoed by local tax authorities launching plans to reignite HNWIs-focused tax inspections, leading to a surge in tax audit cases on HNWIs.

China: Tax audits on private wealth
Read more

Shanghai has revised its regulations to encourage multinational companies to set up regional headquarters (RHQs) in Shanghai.

Shanghai eases RHQ regulations
Read more

China’s customs has relaxed the rules for the voluntary disclosure of breaches in customs matters through a recently released circular,

China’s customs relaxes voluntary disclosure rules
Read more

As of 30 May 2022, tech firms in 17 provincial or city regions in China have been given a hassle-free channel to raise foreign loans.

China sets up green channel for foreign loans
Read more
Treaty override regarding German assignees working for a Chinese company
Read more
China: Expatriates’ tax position affected by staycation
Read more

In practice, there is little room for MNEs to reconcile the sometimes conflicting opinions of the two authorities.

First Chinese Customs and Tax Collaborative Transfer Pricing Management Mechanism
Read more

To boost the momentum of work and production, the Chinese government has rolled out further VAT incentives and relief to support business operators who are considered vulnerable to business contraction.

China: VAT measures to tackle business contraction
Read more

The export tax refund process used to be heavily paper-based, requiring cumbersome submissions, especially the proof of foreign exchange income

China: Export tax rebate made easy
Read more

The Pillar Two model has started a new chapter for international taxation when dealing with the challenges of globalisation and digitalisation. As the world’s second-largest economy, China has actively participated in the discussion and implementation of the Pillar Two model.

New challenges and impacts brought by Pillar Two to Chinese companies
Read more

RCEP’s major interest concerns how it can add vitality to the Asia-Pacific countries and boost global trade.

Major updates in China customs
Read more

Intercompany financing is common among the MNEs. For any borrowing from related parties, the Chinese borrowers must pay interest to them.

China: Deduction of interest charged by related parties
Read more

For some years, holding investments via sole proprietorship or partnership has been so popular that their portfolio scale has grown substantially beyond expectation.

China: Change in taxation of equity investments
Read more

The Urban Maintenance and Construction Tax Law of the People's Republic of China (hereinafter the ‘UMCT law’) and the ‘Announcement on Determination of Tax Base for UMCT’ (hereinafter the ‘Announcement No. 28’) which came into effect on 1 September 2021 have introduced some changes and clarifications that could have a significant bearing on a taxpayer’s indirect tax burden.

China: Changes to indirect tax surcharges
Read more

The Chinese authorities confirmed that, at short notice to the public on the eve of the New Year, the following decade-long preferential individual income tax (IIT) treatments, which should have ended on 31 December 2021, will continue for one to two years.

China: Tax benefits continue for 1 – 2 years
Read more

Tariff exemption on the domestic sale of imported materials processed in the Hainan Yangpu Bonded Zone (the Zone).

Major updates in China customs
Read more

On 30 September 2021, the China State Taxation Administration responded to five hot questions regarding the Transfer Pricing implications of the COVID-19 impacts.

China : Responses to practical questions on the Transfer Pricing implications of the COVID-19 impacts
Read more

One question may arise due to COVID-19: will an expatriate change his/her tax position if he/she is stranded overseas for a long period of time due to COVID-19?

Will an expatriate’s China tax position change due to COVID-19?
Read more

In China, the State Administration of Taxation has published a consultation paper that shortens the APA process to just three steps, allowing for a significantly faster processing time in order to provide tax certainty.

China releases public consultation paper on simplified unilateral APA procedures
Read more

China’s General Administration of Customs (GAC) has revised the Administration Measures on Processing Trade Goods. This revision reflects the fact that China customs has changed its attitude on the mortgage of processing trade goods from negative to positive – giving the manufacturer an extra means of re-financing under the COVID-19 pandemic.

Major updates in China Customs
Read more

Tax executives lead the way to resilience and recovery.

Through Resilience to Recovery in Asia Pacific
Read more

China has recently announced a nationwide implementation of VAT e-invoices.

China: E-invoicing for newly registered taxpayers
Read more

On 21 September 2020, China unveiled a blueprint for four free trade zones (FTZs) to uplift economic openness and development.

China launches four free trade zones
Read more

In China, a new export control regime has gone live. Our colleagues from Asia give an overview.

China Export Controls 2.0
Read more

China will see major changes take effect in 2022 regarding the tax honeymoon for expatriates - and this is definitely worth thinking about already now.

China: Tax honeymoon for expatriates ending on 31 December 2021
Read more

On 29 October 2020, China’s State Administration of Taxation released the “2019 Advanced Pricing Arrangement Annual Report” (2019 APA report).

China publishes annual APA report
Read more

One question may arise due to the coronavirus: does the coronavirus cause any impact on the IIT of individuals stranded in China?

China: Does the coronavirus cause any impact on the IIT of individuals stranded in China?
Read more

China has recently launched certain measures to simplify VAT filing procedures, especially on VAT invoicing procedures.

China: VAT refinement continues
Read more

Announcements concerning 2019 annual IIT filing and the COVID-19 epidemic.

China: Announcements concerning the 2019 annual filing of individual income tax (IIT) and the coronavirus pneumonia (COVID-19) epidemic
Read more

China has been making steady progress in upgrading its technology for data collection

China: Chinese taxation in the era of digitisation
Read more

Preferential VAT policies for certain industries

© https://unsplash.com/photos/aF2NlmdAm58
China: Preferential VAT policies for certain industries
Read more

Risk Control Under New Individual Income Tax

China: Roundtable invitation
Read more

A draft Land VAT Law has been published to seek public’s feedback

China escalates land VAT legislation
Read more

China's SAT and Hong Kong’s Financial Services and Treasury Bureau signed “The Fifth Protocol on Avoidance of Double Taxation and Anti-Tax Avoidance Arrangement between Chinese Mainland and Hong Kong”

China-Hong Kong’s fifth tax protocol concluded
Read more

In August, Beijing’s Chaoyang District has kicked off a desk-top check on share transfer cases

China: Tax raid on share transfer in Beijing
Read more

 China allowing a refund of unutilized VAT credits to taxpayers who have a good tax compliance rating

China: Refund of unutilized VAT credits
Read more

The tax residency stipulations for non-domiciled individuals have been amended by the new individual income tax law

China’s new IIT law
Read more

The two announcements are retroactively effective from 1 January 2019

China clarifies IIT policies for non-domiciled individuals
Read more

VAT reduction is expected to boost the development of China’s economy, especially the manufacturing sector

China: New VAT policies for tax cuts
Read more

The effective date of the new announcement is 1 April 2019

China Newsletter 3/2019: China offers VAT cuts again
Read more

A series of measures have been implemented to encourage foreign trade and mitigate the damage caused by the trade conflict

China: New export VAT refunds
Read more

The new Individual Income Tax laws have introduced six new deduction items for Chinese tax resident, called special additional deductions (SADs)

China IIT reform - special additional deductions
Read more

View brochure

China: New publication "Royalty matters" is availabe
Read more

The new Individual Income Tax (“IIT”) laws have substantially revised the taxation on non-domiciled individuals

China: Newsletter 1/2019 - China extended tax benefits to VCE and angel investors
Read more

The new policy aims at relieving their cash flow pressure

China: VAT refund offered to tech firms
Read more

The tax incentive policies have been extended from pilot areas to the whole nation

China extended tax benefits to VCE and angel investors
Read more

It allows a one-off deduction of the full value of new equipment and instruments under the value of RMB 5 million / unit and continues to allow depreciation at a higher or faster rate for equipment or instruments over RMB 5 million / unit

China adjusted tax incentives to boost capex
Read more

BEPS-related action to improve the clarity regarding BO assessment and allow more non-abusing cases to enjoy tax treaty benefits

China updates “beneficial owner” rules
Read more

The new rules will be effective from 1 May 2018

China: Newsletter 6/2018 - China cuts VAT rates
Read more

A BEPS1 related action to improve the clarity in BO assessment and allow more non-abusing cases to enjoy tax treaty benefits

China: Newsletter 4/2018 - China updates BO rules on dividends, interest and royalty
Read more

Tax audits: Tax issues that Chinese management are advised to pay attention to

China: Newsletter 3/2018 - Top 5 China tax issues to avoid
Read more

Decree of the President No.61 to introduce the environment protection tax (EPT) has been enacted - new law has taken effect from 1 January 2018

China: Newsletter 2/2018 - China green tax in force now
Read more

Customs matters such as classification of goods, place of origin, and import valuation are covered by the advance ruling

China: Newsletter 1/2018 - China’s Customs introduces advance ruling
Read more
China: Newsletter 7/2017 - China withholding tax clarified
Read more
China: Newsletter 6/2017 - China brings joint punishment to a new level
Read more

Announcement 11 to clarify several significant issues on tax treaties clauses on permanent establishments, partnership enterprises, shipping and air transport as well as artists and athletes

China: Newsletter 7/2018 - China clarifies tax treaty clausess
Read more
Show more

Get in contact

If you have any questions about WTS Global or our global services, please get in touch.
We will respond to you as soon as possible.

Contact
About Us
  • About Us
  • Our CEO
  • Our Board
  • Our Global Executive Team
  • Quality, Process & Risk Management
Services
  • Corporate Tax
  • Customs
  • Financial Services
  • Global Mobility
  • Indirect Tax
  • International Corporate Tax
  • Mergers & Acquisitions (M&A)
  • Private Clients & Family Office
  • Sustainability & ESG in Taxation
  • Tax Controversy
  • Tax Technology
  • Transfer Pricing & Valuation
News & Knowledge
Hot Topics
  • Pillar Two - Global Minimum Tax
  • Brochures
  • Newsletters
  • Surveys & Studies
  • The Digital Tax Law Center (DTLC)
  • VAT Update for the Digital Economy
  • The European Tax Law Center (ETLC)
  • Tax Loss Carryback
  • Real Estate Guide
Culture & Career
  • Culture and Leadership
  • Diversity
  • WTS Global Academy
  • Career
  • Your Development
  • Jobs
Exclusive Cooperation With
© 2023 WTS Company Information Data Protection Disclaimer