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News & Updates

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How To Avoid Tax Evasion In China

With the Chinese government increasing their efforts on the monitoring of tax evasion, it has become even more important for companies and individuals to ensure they remain compliant with tax laws in China. Learn more about tax evasion, the consequences of it and how to avoid tax evasion in China. 

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China Extends Preferential Individual Income Tax Treatment for Foreigners

There has been a great deal of public interest on the preferential tax policy for foreigners in China and whether it will be extended beyond December of 2021. In the past China has allowed expatriate employees to lower their tax burden by claiming a portion of their salary as tax-exempt allowances. After deliberation from the State Administration of Tax, the policy on non-taxable benefits has been approved for a further 2 years, Ending 31 December 2023.  

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Important Tax News for All Employees in China: Annual Bonus to be Taxed Less Until 2023

The preferential individual income tax (IIT) policy which has been applicable for once-off annual bonus payments has now been extended until the end of 2023. Read more to find out about the policy and how it will be applied.

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A Complete Guide to Trademarking in China

All you need to know about trademarks in China. We detail the process of the trademark application, as well as what is necessary to register one, how long it lasts and some examples of which companies had problems with their trademark registration in China. 

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Foreign Investment Into China 2022

China is now the leading country for FDI inflow in the world. As such, investors continually look to China and the investment opportunities it has to offer.  Find out more about who can invest in China, which industries are limited and the easiest ways to enter China.

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A Positive Outlook for Companies from Belgium, The Netherlands and Luxembourg in China

We review the results of the 2021 Sino Benelux Business Survey, where the results show that Benelux businesses maintain an overall positive outlook for their business operations in China. The survey analyzes the performance of the businesses, the impact of COVID, and the expectations looking forward.

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A Complete Overview of the Tax System in China

We explore the tax system in China, giving you a brief understanding of the different tax categories that may apply to individuals and businesses, how tax laws are passed, as well as how the system works. 

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How to Repatriate Funds From China

Find out more about the most effective ways foreign companies can repatriate funds in China. Our MD speaks on the challenges of the repatriation of funds and how to overcome them.  

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How To Setup A Joint Venture In China

Want to learn about a China Joint Venture and how it works? We have all the information you need on how to setup a Joint Venture in China, read more here.  

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China 2021 Q3 Overview - Indicators have slowed but growth remains

On Monday the 18th of October, the quarterly economic data for the third quarter of 2021 was published by the Chinese government. Despite the GDP growing 4.9% from the same point last year, it did not meet the expected growth of 5.2% predicted by analysts.

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Social Security Exemptions for Foreign Individuals in China

Under a tax treaty to which the People’s Republic of China (PRC) is a contracting party, PRC tax residents and foreign tax residents may be able to benefit from foreign tax relief and exemption or a reduction in tax in the PRC. Social security agreements, also known as totalization agreements, have the purpose of avoiding double taxation income with respect to social security taxes. In other words, the totalization agreements eliminate dual Social Security taxation when a worker from one country works in another country and is required to pay Social Security taxes in both countries on the same earnings.

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China's 2021 Free Trade Zones Update – Updated Policies and Guidelines

The People’s Republic of China levies a wide range of taxes including income related taxes such as Corporate Income Tax (CIT) and Individual Income Tax (IIT). As part of China’s increasing efforts to attract Foreign Direct Investment and technology, special economic zones or Free Trade Zones are intended to function as areas of rapid economic growth by using tax and relevant business incentives.