A new document lays the groundwork for a financial support system to boost China's green and low-carbon development. We discuss the financial tools proposed and the industries that will benefit.
An Introduction to Doing Business in Hong Kong 2022, the latest publication from Dezan Shira & Associates, is out now.
China is implementing large-scale VAT rebates in 2022. This article explains the eligibility, timeline, and procedures for applying for VAT credit refunds.
As China fights the latest wave of COVID-19, we summarize the Shanghai tax incentives that businesses can enjoy during the current lockdown.
We answer frequently asked questions by expatriates on annual IIT reconciliation, when does it apply, and eligibility for tax refunds in China.
We discuss the methods of tax settlement available to expats completing their annual IIT reconciliation in China.
Manufacturing SMEs enjoyed US$39.1 billion in tax deferrals in March 2022. What China tax incentives are available for SMEs, and can they help boost growth?
China further increased its tax support for R&D investments in 2022, expanding super deduction on R&D expenditure to TSMEs. in an effort to encourage innovation, promote industrial upgrade, and strengthen the core competitiveness of the country.
We list major tax incentives in China to encourage technology innovation and share guidance on how to tap benefits listed in various preferential policies.
China endeavors to help small businesses survive and thrive. In this article, we introduce the major tax incentives in China to foster small businesses.
We highlight the 15 types of contracts in China that are not subject to stamp tax. Businesses should note these policies are subject to change.
We dissect Hong Kong’s 2022-23 Budget, which includes spending plans worth over HK$170 billion to boost the economy and maintain public confidence.
A new list of preferential policies is set to help catering, transport, and retail companies, as well as small businesses in China. What are the benefits?
China's IIT preferential policy allowing some non-taxable fringe benefits for expatriates is extended till the end of 2023; it was set to expire in 2022.
We explain China's updated import and export tax rates and duties for 2021, and highlight key issues that foreign companies should take note of.
Qualified enterprises in Fujian Pingtan Area can enjoy 15% CIT until December 31, 2025 – China’s national CIT rate is 25%.
E-Invoicing in China Gets Push with Advanced Version Piloted in Shanghai, Guangdong, and Inner MongoliaDec 14
Shanghai, Guangdong, and Inner Mongolia conduct pilot programs and introduce a brand-new and more advanced electronic fapiao.
We discuss how China's Golden Tax System works and what businesses can expect from Phase 4 of the system that could be launched sometime in 2022.
This article provides practical guidance on how to prepare for an effective annual audit in China, which is important to a company's long-term development.
We explain how the individual income tax burden in China could increase in 2022 for expats and how to prepare for the policy change.
This article notes the tax incentives offered region-wise in China, including the western regions, Hainan FTP, GBA, and certain economic development zones.
Download our latest digital issue of China Briefing magazine where we walk foreign businesses through the annual audit and compliance process in China.
From the investor’s perspective, China's tax incentives are legitimate tools for reasonable tax planning and cost savings. We spotlight key incentives.
We discuss the tax residency status of foreigners with a Chinese Permanent Residence ID Card and their tax liability on worldwide income in the country.
China plans to allow SME manufacturers and coal-fired power plants, among others, to defer their tax payments in the fourth quarter.
In this issue of China Briefing magazine, we introduce China's tax incentive schemes in specific regions and special zones, to encourage technology innovation, and for small businesses.
Hong Kong will amend its tax law to comply with EU standards on taxation of passive income, which may impact some foreign enterprises in the city.
How Residence is Defined and its Implications on Individual Income Tax implications in China and the UK: Q&ASep 13
We look at how tax residence is determined in China and the UK and what you should do if you are a tax resident of two countries.
The new regulations on China’s urban maintenance and construction tax clarify the calculation basis and offer an official, consolidated tax framework.
We explain China’s taxpayer credit rating system, including how it works and why it is important for foreign enterprises based in the country and doing business in China.