Implementation of the Registered Capital Management System under the Company Law of China
China has recently updated its regulatory framework with the State Council’s Provisions on the Implementation of the Registered Capital...
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China's Six-Year Rule for Foreigners: Key Points for 2024
In 2019, China introduced a significant change to its individual income tax (IIT) system by implementing the “six-year rule” for...
China Introduces Tax Incentive for Green and Digital Equipment Upgrades
China has introduced a new tax incentive aimed at encouraging companies to invest in digital and smart upgrades of specific equipment....
Navigating IFRS 18
The introduction of IFRS 18 has brought about significant changes that businesses must now incorporate into their financial reporting and...
Withholding Tax in China
Navigating the complexities of withholding tax in China is essential for non-resident enterprises engaging in business within the...
Transfer Pricing in China
Transfer pricing is a key international tax issue that significantly impacts many businesses, particularly multinational corporations. In...
Tax Incentives in China
Financial incentives play a crucial role in business decisions, sometimes even determining whether an international company will enter...
Individual Income Tax (IIT) in China
Individual Income Tax (IIT) applies to all individuals, both Chinese and foreign nationals, who live in China or earn income from China....
China’s Property Tax: Current Practices and Future Reforms
Despite its rapid urbanisation in recent decades, China remains one of the few countries without a comprehensive recurrent tax on...
Tax Audit in China: A Comprehensive Guide
A tax audit, or tax inspection, refers to the examination and processing activities conducted by tax authorities to assess the...
Navigating New Tax Implications Under China's New Company Law
With the introduction of the New Company Law, companies, shareholders, and creditors in China will encounter new tax implications. This...
Why Invest in China: A Comprehensive Overview
China has experienced rapid economic growth over the past few decades, transitioning from a largely agrarian society to a global economic...
Comprehensive Guide to Corporate Income Tax (CIT) in China
Corporate Income Tax (CIT) in China, applicable to various business entities, is fundamental for foreign companies operating in the...
Comprehensive Guide to Audit and Compliance in China
Foreign companies operating in China must adhere to local audit and compliance requirements. This involves understanding the financial...
Understanding the Role of a Company Secretary in China
A company secretary in China is integral to the administration and legal compliance of a business. This role ensures that the company's...
A corporate health check can ensure the longevity and success of your China business
How do you know if your China business is healthy, and its current operations comply with local tax laws and regulations? Doing a regular...
Local idiosyncrasies in China to consider when creating an internal control system for your business
Though many foreign companies may feel it is easier to transplant their own internal control systems to their China business without...
Cultural differences to consider when analyzing financial management reports in China
Cultural differences and a unique business culture make analyzing financial management reports in China an area in which both experience...
How to avoid a tax audit for your China business
As one of the world’s biggest economies, China offers significant business opportunities for foreign companies. But attached to the...
Non-compliance in China can have dire consequences
Foreign companies operating in China must navigate effectively a complex legal and compliance environment. Most businesses are confronted...
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