Time Out Shanghai celebrates its first issue with you, the public, at M1NT on Thursday night. Drinks are free from 8pm to 10pm, but knowing M1NT and knowing how much we all love to get free drinks there, show up early lest you be stuck in line in the lobby.
The Shanghai Philharmonic Association [...]
Dividend remittance from overseas branches
The circular provides a formula for calculating foreign tax attributable under circumstances where dividends received by a China resident company from overseas branches. Indirect FTC is permitted for a resident company that holds directly or indirectly no less than 20 percent of the subsidiary shares.
Over the weekend I was reviewing [...]
On 25 December 2009 the State Administration for Taxation and the Ministry of Finance issued the “Notice on Foreign Tax Credit Issues for Enterprise Income Tax” (Caishui [2009] No. 125) (“Circular 125”), outlining more detailed rules in respect of claiming foreign tax credit relief under the Enterprise Income Tax Law (“EITL”). Under Article 23 of [...]
China will impose a 20 percent tax on income from the sale of restricted shares, effective Jan. 1, the official Xinhua news agency reported on Thursday, in a move that could offer stability to the stock market.
Income from the sale of ordinary shares, including those in public offerings and secondary trading, would continue to be [...]
I love this post. It speaks to me. Stan Abrams of China Hearsay wrote a post on Chinese law, entitled, “Shenzhen’s ‘Floating House’ – My New Example of Administrative Uncertainty in China.” The post is about the floating house pictured below, which house cost USD$15 million:
Stan sees this house and what has [...]
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G’day mates, it’s nearly that day on the calender when those hailing from The Land Down Under jump in the yute, head to the outback, put a shrimp prawn on the barbie, sink a few tinnies, and have a chinwag — and, yes, I’m letting loose with my antipodean vocabulary because that’s the kind of [...]
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Chaoyang West Gate joint Souk relaunched as Souk Lounge last Friday night. Among the changes: A new paint job and lighting, an upgraded lounge area, a fairly spacious layout that takes advantage of the antique furniture and hookah vibe of the original venue, and an expanded beer list in the large front room, with the [...]
While La Zazou has been serving the drinking and dancing crowds in the club and lounge sections for about a month, the restaurant held its first event last Saturday. Regular contributor 8 Songs, along with his partner Ba Songs, attended and provided this write-up:
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“Ba Songs and I attended Gelipu Wines‘ wine tasting and dinner at [...]
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If you frequent bars and restaurants that stock the likes of Brooklyn Lager, James Boag’s, or Dead Guy Ale, you have likely seen Simon Pendergast of Dxcel, the company that imports and distributes these and other “craft” beers in China. I sat down with Pendergast at The Den to ask him a few questions about [...]
Mosto will team with five wine suppliers — ASC, East Meets West, Summergate, Torres, and The Wine Republic — on January 27 for a dinner to support the UNICEF aid program in Haiti. The five-course dinner costs RMB600 and all revenue will be donated to the relief effort, states Mosto. Diners can expect everything from [...]