December 19, 2019

The Foreign Investment Law is an effort to further reform the Chinese economy and aims to promote foreign investment by fostering fair competition, improve protection of lawful rights and interests of foreign investors and taking measures against forced technology tran...

November 14, 2019

At the end of the fiscal year, all foreign companies must complete the annual audit and other annual compliance procedures as set out by the Chinese government. The annual statutory requirements in China can be separated into the year-end statutory audit, annual Corpor...

July 10, 2019

China has lowered employer contributions to the country's Pension Fund. These significant reductions to employer social security contributions may be one the country's most underestimated tax reforms in recent times.

May 16, 2019

Recent updates to China's Individual Income Tax provide further clarification regarding IIT exemptions on foreign-sourced income and the Tax Residence rule. These updates also provide further guidance for calculating IIT for individuals not domiciled in China.

April 24, 2019

China's VAT reform continued with new Value Added Tax policies, such as lowering of China's VAT rates in 2019, increased scope of VAT credits and the introduction of a VAT refund pilot scheme from April 1st of 2019.

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China Corporate Social Credit System (Part 3): consequences for businesses (punishments & rewards)

October 31, 2019

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