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Individual and corporate shareholders are responsible for equity transfer taxes in China
Chinese authorities are enforcing more consistently "anti-tax avoidance" measures, including tax on equity transfer of China resident and...


Selling your made in China products back to the Chinese consumer is a complex task
When it comes to selling your made in China product in the Chinese market, the process can be considerably more difficult than it seems...


Third-party social insurance contributions are illegal under Chinese Social Insurance Law
Companies in China with employees working in cities where the firm doesn’t have a registered address may seek to engage third-party local...


Understanding the Harmonized System (HS) for your import-export China Business
A growing number of foreign companies is looking to start or increase their import-export business in China. Classifying and declaring...


Rapidly aging population is forcing China to reform pension system
Due to its rapidly aging demographics, the Chinese government has made the reform of its pension and retirement system a national...


Companies should pay more attention to green compliance in China
The Chinese government is determined to transform the country into a green, low-carbon, and circular economy. Foreign companies doing...


New Stamp Tax Law in China comes into effect, changing rates and creating new exemptions
The new Stamp Tax (ST) Law in China, effective since July 1, 2022, has been updated to simplify the existing system of taxation, as well...


Chinese government expands and extends “Tax and Fee reduction” policies
The Chinese authorities have decided to take additional measures to implement more tax and fee reduction policies to better stabilize the...


Changes in China’s 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,...


How the Taxpayer Rating System in China in China can affect foreign companies
Foreign companies operating in China can benefit greatly from the Taxpayer Rating System in China; a good tax credit rating and enjoy...


China reduces import-export tariffs to create opportunities and facilitate trade
In an effort to create greater opportunities for foreign investment and facilitate cross-border trade, the Chinese Ministry of Finance...


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...
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