China is one of the most important export markets in the Asian region. There are a lot of joint venture companies and wholly foreign-owned enterprises with Austrian shareholders in China. However, many Austrian enterprises are still engaged with direct business activities in China such as the delivery of capital equipment or the transfer of technology. Thus, it is imperative for Austrian enterprises to have sound knowledge of the relevant tax regulations in China. Last year the Chinese government and the State Administration of Taxation issued a great number of new regulations, decrees, and circulars concerning taxes. Franz Schopper describes the most important tax changes relevant to business activities of foreign enterprises in China.