The new draft version of the China VAT law makes some major changes to existing tax regulation. Here's how it could impact businesses.
We discuss the expansion of e-invoicing in China as the digital e-fapiao program widens its pilot roll-out with unique features.
China has announced the extension of several preferential individual income tax policies for resident taxpayers to boost capital market liberalization and corporate innovation.
China Clarifies 2023 VAT Incentives for Small-Scale Taxpayers and Lifestyle and Production Oriented ServicesJan 10
China has announced 2023 VAT incentives for small-scale taxpayers and production oriented and lifestyle service industries. Here's what businesses need to know.
Businesses operating in China are suggested to pay attention to the tax filing and payment deadlines for 2023 to avoid late payment penalties and tax credit downgrading.
In A Quick Guide to Accounting and Audit in China 2023, we walk foreign businesses through the annual audit and compliance process in China from start to finish.
We discuss VAT taxpayer status in China and the UK, including key differences that impact compliance expectations and financial reporting.
This guide covers the major taxes and tax-relevant obligations that foreign investors are likely to encounter when establishing or operating a business in China.
We list major tax incentives in China to encourage technology innovation and share guidance on how to tap benefits listed in various preferential policies.
Hainan Free Trade Port’s incentives include lower corporate and income tax rates for qualified entities between January 1, 2020 and December 31, 2024.
We discuss policy measures for the eldercare and childcare industries in China to ease economic hardships for socially important businesses.
We look at the China-Middle East tax, investment, and trade agreements that help foster collaboration and business activity.
We provide a general introduction of the tax liabilities of individual shareholders and corporate shareholders in equity transfer in China.
Hong Kong is deepening cooperation with Middle Eastern countries through tax, trade, and investment treaties. Here's what investors need to know.
The new regulations on China’s urban maintenance and construction tax clarify the calculation basis and offer an official, consolidated tax framework.
It is important for businesses of both countries to understand and avail the benefits derived from the double tax avoidance agreement signed between China and Mongolia to ease their tax burden.
China has extended the additional VAT deduction policy for the services sector. Check to see if this applies to your business.
We discuss how China has tried to streamline the export tax refund system.
Hengqin New Area in Zhuhai, Guangdong launches preferential tax policies to spur economic growth and deepen integration with Macao.
China’s new Stamp Tax Law takes effect July 1, 2022, and will trigger simplification of tax compliance, changes to some tax rates, and new exemptions.
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.
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.