China's digital yuan app has added a new function allowing foreigners to top-up the money in their wallets before making payments, improving their experience with the e-CNY payment services.
China unveiled a new metaverse action plan aimed at boosting economic growth, job creation, and innovation through intelligence technologies. We'll explore the plan's key points and its potential impact on China's economy and businesses.
We introduce tax avoidance arrangements as defined by Chinese tax authorities, discuss standard procedures for special tax investigations related to arrangements lacking reasonable commercial purposes, and provide practical suggestions for mitigating associated tax risks.
Beijing and Shanghai are set to liberalize the inflow and outflow of foreign capital for foreign companies and employees.
Shenzhen has extended the individual income tax (IIT) subsidy application deadline for foreign and in-demand talent to October 20, 2023, from September 30.
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