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In 2019, China introduced a significant change to its individual income tax (IIT) system by implementing the “six-year rule” for...

China has introduced a new tax incentive aimed at encouraging companies to invest in digital and smart upgrades of specific equipment....

The introduction of IFRS 18 has brought about significant changes that businesses must now incorporate into their financial reporting and...

Navigating the complexities of withholding tax in China is essential for non-resident enterprises engaging in business within the...

Transfer pricing is a key international tax issue that significantly impacts many businesses, particularly multinational corporations. In...

Financial incentives play a crucial role in business decisions, sometimes even determining whether an international company will enter...

Individual Income Tax (IIT) applies to all individuals, both Chinese and foreign nationals, who live in China or earn income from China....

Despite its rapid urbanisation in recent decades, China remains one of the few countries without a comprehensive recurrent tax on...

A tax audit, or tax inspection, refers to the examination and processing activities conducted by tax authorities to assess the...

With the introduction of the New Company Law, companies, shareholders, and creditors in China will encounter new tax implications. This...

China has experienced rapid economic growth over the past few decades, transitioning from a largely agrarian society to a global economic...

Corporate Income Tax (CIT) in China, applicable to various business entities, is fundamental for foreign companies operating in the...

Foreign companies operating in China must adhere to local audit and compliance requirements. This involves understanding the financial...

A company secretary in China is integral to the administration and legal compliance of a business. This role ensures that the company's...

How do you know if your China business is healthy, and its current operations comply with local tax laws and regulations? Doing a regular...

Though many foreign companies may feel it is easier to transplant their own internal control systems to their China business without...

Cultural differences and a unique business culture make analyzing financial management reports in China an area in which both experience...

As one of the world’s biggest economies, China offers significant business opportunities for foreign companies. But attached to the...

Foreign companies operating in China must navigate effectively a complex legal and compliance environment. Most businesses are confronted...

To promote a higher level of openness and domestic consumption, China implemented a series of regulations to reduce import-export taxes...