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November 14, 2019
Annual Audit and Compliance in China: important considerations for Foreign-Invested Enterprises
At the end of the fiscal year, all foreign companies must complete the annual audit and other annual compliance procedures as...
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May 16, 2019
Updates to China’s Individual Income Tax Reform: IIT exemption on foreign-sourced income and calculating IIT for non-domiciled individuals
Recent updates to China's Individual Income Tax provide further clarification regarding IIT exemptions on foreign-sourced income and the Tax Residence rule....
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April 24, 2019
China VAT reform: the 2019 Value Added Tax reforms
China's VAT reform continued with new Value Added Tax policies, such as lowering of China's VAT rates in 2019, increased scope...
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March 6, 2019
China announces further reductions to the Value Added Tax (VAT): from 16% to 13% and from 10% to 9%
On March 5th, 2019, China announced reductions to the Value Added Tax (VAT). The VAT rates of 16% and 10% will...
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February 11, 2019
China cuts Taxes for SMEs and low-profit enterprises
China's State Council introduced tax cuts for SMEs and low-profit enterprises. Among others, Corporate Income Tax (CIT) and Value Added Tax...
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January 28, 2019
How to re-invest profits made by your company back into China? Deferral policy for dividends tax (WHT) in China
The new deferral policy for dividends tax (WHT) in China extended the scope of industries in which you can re-invest profits...
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January 14, 2019
Implications of China’s Individual Income Tax Reform: IIT calculation, itemized deductions and expat allowances
China released another update to the country's IIT Law. The new Individual Income Tax (IIT) Law outlines procedures to claim itemized...
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December 10, 2018
China Individual Income Tax Update: implementation of the IIT amendment and draft release for Itemized Deductions
After China released the Draft Amendments to the Individual Income Tax Law, several questions remained. This article answers these by explaining...
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September 14, 2018
Will China’s Individual Income Tax reform impact you?
The amendments to the PRC IIT Law will introduce a number of potential important changes for individuals and their employers in...
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