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 VAT Guide: Everything You Need To Know About China’s VAT System

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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