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Fully digitalized e-fapiao will bring more efficiency and transparency to invoice system in China
Foreign companies doing business in China are most likely familiar with the term fapiao, which refers to the Chinese invoice system. This...


Closing a company in China, a long and complicated process
There are many reasons why a company in China may decide to close its doors. It is not always easy for foreign investors to compete with...


Companies in China can now opt for dormant status to overcome unpredicted difficulties
In the past, a company in China facing difficulties or other uncertain circumstances had to choose between closing its doors permanently...


Foreign business professionals are slowly returning to China
After more than two years with a strict “Zero Covid” policy to prevent the spread of the virus, China has eased some rules and entry...


How to choose the correct route to enter the Chinese market
With over 1.4 billion people, China has become one of the most active and interesting markets on the globe. Attracted by these massive...


China’s New Rules on Import and Export Food Safety are now in effect
The COVID-19 pandemic has made Chinese authorities more vigilant regarding food imports into the country. Since January 1, 2022, a series...


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 implements simplified deregistration process to facilitate market exit
Attracted by the rapid growth of the Chinese economy, many foreign companies have expanded their business operations in China. Though the...


How privacy law in China will impact employment management process
The Personal Information Protection Law (PIPL), designed to protect the privacy rights of individuals living in China, will have a...


Shanghai aims to become a leading international financial center
Shanghai’s ambitions to become one of the world’s leading financial centers have been evident for a while. During the past two decades,...


After much uncertainty, Hong Kong is open for business and ready to thrive
After two years of setbacks and uncertainty due to protests and the COVID-19 pandemic, Hong Kong is open for business and stronger than...


Takedown actions can help companies fight against counterfeiting in China
The growing number of internet shoppers in China represents a business opportunity too good to pass for international companies. However,...


Foreign investors see opportunities in 2021 negative list for market access
China's top economic regulator, the National Development and Reform Commission (NDRC), recently published the latest version of the...


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,...


2021 proves outstanding for China, 2022 will focus on stability and prudence
Despite the negative economic impact of the COVID pandemic worldwide, China registered an outstanding year in 2021. While the country’s...
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