The Provisions on Merger and Acquisition of Domestic Enterprises by Foreign Investors (2009 Amendments) (the “M&A Rules”), which took effect on June 22, 2009, sets forth the general regulatory framework for foreign investors’ mergers and acquisitions of PRC domestic enterprises, in order to promote investments in China by foreign […]
In China, individuals are subject to individual income tax (“IIT”) pursuant to the Individual Income Tax Law, Implementation Regulations for the Individual Income Tax Law, together with numerous tax circulars issued by various levels of the PRC tax administration. In general, the IIT is levied on the worldwide income of […]