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Each year, companies operating in China are required to complete an annual filing of stamp tax on their business account books. While the obligation is well established, it is often overlooked because no physical stamps are involved and no payment may be due. Even so, the filing itself remains mandatory. Missing it can expose businesses to unnecessary compliance risk. This article sets out what the annual filing covers, who must submit it, and how to approach the process befo

For foreign companies operating in China, tax compliance is not limited to filing returns and paying liabilities on time. Chinese tax authorities increasingly assess businesses on their overall “tax health”, a broad view that looks at accuracy, consistency, internal controls, and behaviour over time. This guide explains what tax health means in the Chinese context, how it is assessed, and how foreign companies can build a stable, defensible position that supports growth, audi

In a welcome move for multinational companies and expatriates alike, China has officially extended the preferential individual income tax...

For foreign-invested enterprises (FIEs) operating in China, completing the Annual Corporate Income Tax (CIT) filing is a major milestone...

Effective April 1, 2025, China is rolling out a series of major updates to the Certificate of Tax Residency process that will...

If you worked in China during 2024 and earned income subject to Individual Income Tax (IIT), you may need to participate in the annual...

On December 25, 2024, China's National People's Congress Standing Committee passed the new Value-Added Tax (VAT) Law, set to take effect...

In a collaborative effort, three Chinese ministries have issued a notice to optimize and adjust the "zero tariff" policy for raw...

The State Taxation Administration (STA) in China has released a draft of the Individual Income Tax Settlement and Payment Management...

The Shanghai Free Trade Zone (FTZ) Lingang New Area has released new guidelines offering corporate income tax (CIT) incentives to attract...

Corporate Income Tax (CIT) is a cornerstone of China’s tax system, impacting both domestic and foreign enterprises operating in the...

As China continues to modernise and expand its economy, tax compliance has become an increasingly critical focus for businesses operating...

China's tax administration framework is a critical element for businesses operating in the country. Efficient tax administration not only...

Operating in China presents significant opportunities for businesses, but the complexities of its tax laws can pose substantial...

China has officially enacted its Value-Added Tax (VAT) Law, marking a significant advancement in the nation's tax legislation. Approved...

On November 15, 2024, the Ministry of Finance (MOF) and State Taxation Administration (STA) announced adjustments to export tax rebates,...

As businesses expand into China, understanding the country’s tax and audit requirements is essential for compliance and financial...

China's tax regulations offer a significant incentive for businesses through the one-off deduction policy for fixed assets. This policy...

The amended PRC Company Law, in China was effective from July 1, 2024, introduces significant changes to corporate governance in China....

China’s R&D super deduction is a cornerstone policy aimed at fostering innovation across industries. By providing significant tax...