Tag: Value Added Tax (VAT)
November 23, 2022
Tax Rates in China: The Differences Between the Main Tax Rates
In accordance with Chinese tax legislation, every company operating a subsidiary in the country is obligated to fulfill monthly tax filings...
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July 29, 2022
VAT in China: A Q&A with Harm Hoonstra
In light of the constantly changing tax and regulatory environment, and in an effort to provide a better understanding of how...
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May 12, 2022
China's VAT System: All You Need to Know
China’s VAT system is widely considered to be quite a complex system. Over the past few years, it has undergone and...
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April 22, 2022
Latest Tax Incentives for Businesses in China 2022
Since the outbreak of Covid-19, the Chinese government has implemented various support measures to assist, especially small and medium-sized, enterprises weather...
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July 27, 2020
What is a Fapiao? The Invoicing system in China Explained
We discuss what a fapiao is, how it is different from an invoice, how to use fapiaos and where their importance...
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July 10, 2019
China cuts Pension Contributions for Employers across all of China: implications for Businesses
China has lowered employer contributions to the country's Pension Fund. These significant reductions to employer social security contributions may be one...
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July 9, 2019
China’s Recent Tax Reforms and Implications for EU SMEs
China has recently implemented changes and reforms to the Individual Income Tax (IIT), the Value Added Tax (VAT) and Corporate Income...
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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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November 26, 2018
China Monthly, Quarterly and Annual Compliance Requirements
Most companies in China must meet several monthly, quarterly and annual tax deadlines and compliance requirements. This article will discuss Corporate...
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