Because of the US-China tax treaty, most Americans living in China are already exempt from double taxation. However, the IRS also provides several other potential tax credits and deductions for expats, such as: Foreign Earned Income Exclusion Foreign Tax Credit Foreign Housing Exclusion (...
Beyond dividend WHT DTA relief cases, there continues to be reports of capital gains WHT DTA relief being denied on the basis that the DTA relief claimant lacks 'beneficial ownership' of the disposed China equity. This is a long-contested matter in the China tax treaty interpretation...
China is rumoured to be ready to sign a controversial FATCA tax treaty with the US in a move that will jolt Asia Pacific governments to take action against tax avoidance. The Beijing government started out as critics of the Foreign Account Tax Compliance Act (FATCA), but have gradually warme...
mergers and acquisition, tax due diligence, share transfer, IPOs, etc. with considerations of business model, local tax incentives, foreign exchange control, tax treaty analysis, cross-border taxation.
income tax treaty applies to reduce or eliminate withholding and the Non- U.S. Holder complies with applicable certification requirements. Sale, Exchange, Redemption, Retirement, or Other Taxable Disposition of the Notes Subject to the discussion below under "Backup Withholding and Information Reporting...
capital gains tax at a tax rate of 10%, while an individual holder of our common stock may be subject to Chinese capital gains tax at a tax rate of 20%, as well as Chinese tax filing obligations, unless otherwise reduced or exempted in accordance with an applicable income tax treaty. In...
paid to foreign investors, are subject to 10% withholding tax (WHT). While treaty relief can be available to certain investors such as sovereign wealth funds (SWFs), the tax treaty relief application and tax reclaim processes remain inefficient, and industry group...
capital gains tax at a tax rate of 10%, while an individual holder of our common stock may be subject to Chinese capital gains tax at a tax rate of 20%, as well as Chinese tax filing obligations, unless otherwise reduced or exempted in accordance with an applicable income tax treaty. In...
With over 25 years of experience, Craig is seasoned in tax issues associated with cross-border M&A, group financing structures, foreign tax credit planning, intellectual property planning, tax treaty planning, taxable and tax-free reorganizations as well as cross-border and domestic financial instrume...
Each country is considered FATCA compliant by the US from July 1, even though the tax treaty may not yet have been signed. The FATCA list of reporting countries now stands at 125 nations and covers most of the European Union and the leading financial centres across the rest of the world....