China Monthly Tax Brief: July 2024
Highlights from this monthly China tax brief include multiple tax incentives for encouraging green development, supporting listed SMEs, and guiding M&As.
Why Use a Separate Domain Name for your China Business
Using a separate domain name for your China business can help enhance accessibility, ensure compliance with local laws, and provide a better user experience for customers.
China Joint Venture: 7 Considerations to Reach a Successful JV Agreement
A China joint venture is becoming the market-entry strategy of choice for many foreign investors since the COVID outbreak. We list some best practices.
New Draft Measures to Further Clarify Implementation of China’s Amended Company Law
The draft measures clarify requirements for company registration, removal of personnel, payment of registered capital, and many other rules under the amended Company Law.
China’s 72/144-Hour Visa-Free Transit Policy Expanded To 54 Countries, Norway Added
China’s 72/144-hour visa-free transit policy has been expanded to 54 countries. Norway was added to the list starting from November 17, 2023.
China’s Industrial Power Rates: A Guide for Investors
China’s industrial power rates depend upon the category of industry, type of electricity usage, region where it is located, time of use, as well as charging method that the company chooses to go along with.
China’s Export Surge: A Closer Look at H1 2024 Trade Expansion
China’s exports surged 6.9 percent in H1 2024 to RMB 12.13 trillion, bolstered by high-tech sectors, with significant growth in trade with ASEAN and Latin America. However, exports to the EU, US, Japan, and Australia declined. We offer a comprehensive breakdown and analysis of China’s trade dynamics for H1 2024 and insights into future trends.
Hong Kong’s New Patent Box Regime: A 5% Tax Concession for Qualified IP Income
The patent box tax concession in Hong Kong was enacted on July 5, 2024. Taxpayers who meet specific requirements can be charged profits tax at the concessionary rate of 5 percent instead of the normal profits tax rate of 16.5 percent.