top of page
Blog
2021 China Individual Income Tax must be settled before June 30th, 2022
Between March 1st and June 30th, 2022, individual taxpayers who were residents in China in 2021 are required to handle the Individual...
China extends tax-exempt benefits for foreigners working in the country
The Chinese Ministry of Finance announced that it will extend preferential income tax policies for foreigners residing in the country to...
Foreign businesses in China must present audit of financial statements by May 31
For foreign companies with a presence in China, the beginning of a new year can be rather stressful. As required by Chinese regulations,...
China encourages technology and innovation through tax incentives
In order to achieve its ambition of becoming a leading economic power in the world, China has identified High and New Technology...
Changes in the new Urban Maintenance and Construction Tax Law (UMCT)
Effective September 1, 2021, the new Urban Maintenance and Construction Tax Law (UMCT), as well as three supporting regulations,...
Shanghai cancels assessment method for corporate income tax
The long-standing ‘levying upon assessment’ method for corporate income tax (CIT) was cancelled by the Shanghai tax bureau, after months...
Foreigners in Shanghai may soon have to contribute to social insurance
A few hundred thousand foreign professionals call Shanghai home. Attracted by the city’s international profile and cosmopolitan...
bottom of page