Other Briefings
China Annual IIT Reconciliation in 2025: Everything You Need to Know
Annual IIT reconciliation for the year 2024 is required to be made during the period from March 1 to June 30, 2025. Starting from March 21, taxpayers can make the final tax settlement directly without requiring a prior appointment.
Navigating Hong Kong’s Annual Employer’s Return: Compliance and Best Practices
The Annual Employer’s Return filing in Hong Kong begins on the first working day of April and should be completed within one month. Employers are advised to start preparations early and allocate sufficient resources to meet this tight deadline.
Hainan Renews Preferential CIT and IIT Policies, Bolstering Free Trade Port Competitiveness
Explore Hainan’s preferential tax policies designed to attract investment and stimulate business growth. Learn how these targeted tax incentives can benefit your company in one of China’s most dynamic economic zones.
China Monthly Tax Brief: February 2025
In this monthly China tax brief for February 2025, we spotlight policies and measures just announced or scheduled for implementation.
China Manufacturing Tracker: 2024-25
Our tracker provides continuous updates on key economic and growth indicators in China’s manufacturing industry. The data for January 2025 has now been updated partially.
The Annual IIT Reconciliation in China in 2025: Appointment Booking Opens February 21
Individual income tax (IIT) taxpayers wishing to complete their annual IIT reconciliation between March 1 and 20 must schedule an appointment through the IIT app starting February 21, 2025.
Managing Tax Compliance Risks in China: Fraudulent Invoicing and Misuse of Tax Incentives
Companies in China must manage VAT invoices and tax incentives carefully to avoid compliance risks. Strong tax risk management and internal controls are essential to minimize liabilities and ensure regulatory compliance.
Unlocking China’s New VAT Law: Key Changes, Business Impacts, and Compliance Tips
This article breaks down the key changes of China’s New Value-Added Tax (VAT) Law, their implications for businesses operating in China, and what enterprises should do to adapt to the evolving tax landscape.
