News & Updates

China's Corporate Income Tax: Everything you need to know

Corporate Income Tax (CIT) is generally applicable to all companies in China or those with business activities in China. A sound understanding of China’s Corporate Income Tax framework is essential to ensure full compliance in China. As such, this article discusses all key characteristics of China’s CIT framework, including the classification of taxpayers in China, the CIT calculation method, applicable CIT deductions and exemptions, applicable CIT and preferential CIT rates and withholding CIT rates.

China 2021 Q1 Overview - Continued Growth in Economic Indicators

On the 16th of April 2021, the Chinese government published the quarterly economic data for the first quarter of 2021. Even though the results seem remarkable, the figures are distorted due to the significant downturn experienced in Q1 2020. However, when comparing to the first quarter of 2019 and to the previous quarters, the economy shows continued growth after the downturn experienced in the first half of 2020.

China’s 2021 Government Work Report

The Chinese Government Work Report reviews the government’s accomplishments over the last year and provides further guidance on the government’s social and economic policy direction for the year 2021. As such, the focus of this article is a review of past accomplishments, a discussion on the main targets set out for 2021 and important implications for foreign-invested enterprises in China, and SMEs in particular.

Participate in the 2021 Sino Benelux Business Survey

We are proud to announce the launch of the 2021 Sino Benelux Business Survey.
Please participate in the survey. Your opinion matters!

The survey is completely anonymous, meaning we will not require you to fill in any information which can be linked to your company or person. All data will remain strictly confidential.

China Q4 Overview & Annual Summary: China’s economic growth returns to pre-COVID levels

On the 18th of January, the Chinese government published the quarterly economic data for the fourth quarter of 2020, which concludes the economic year of 2020. After the first quarterly decrease of GDP in Q1 since 1978, and the subsequent recovery of the Chinese economy Q2 and Q3, the economic data showed a continued trend of recovery with an increase in year-on-year GDP by 6.5% for Q4 of 2020.
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