Tax Relief for Manufacturing SMEs Bears Fruit as China Defers US$39 Billion
Manufacturing SMEs enjoyed US$39.1 billion in tax deferrals in March 2022. What China tax incentives are available for SMEs, and can they help boost growth?
China Further Increased Tax Support for R&D Investments in 2022
China further increased its tax support for R&D investments in 2022, expanding super deduction on R&D expenditure to TSMEs. in an effort to encourage innovation, promote industrial upgrade, and strengthen the core competitiveness of the country.
15 Types of Contracts That Are Not Subject to Stamp Tax in China
We highlight the 15 types of contracts in China that are not subject to stamp tax. Businesses should note these policies are subject to change.
Hong Kong Budget 2022-23: All You Need to Know
We dissect Hong Kong’s 2022-23 Budget, which includes spending plans worth over HK$170 billion to boost the economy and maintain public confidence.
New Relief Measures for Service Industry and Small Businesses in China in 2022
A new list of preferential policies is set to help catering, transport, and retail companies, as well as small businesses in China. What are the benefits?
2022 Import-Export Taxes and Duties in China
We explain China’s updated import and export tax rates and duties for 2021, and highlight key issues that foreign companies should take note of.
Fujian Pingtan Extends 15% CIT for Qualified Enterprises Until End of 2025
Qualified enterprises in Fujian Pingtan Area can enjoy 15% CIT until December 31, 2025 – China’s national CIT rate is 25%.
E-Invoicing in China Gets Push with Advanced Version Piloted in Shanghai, Guangdong, and Inner Mongolia
Shanghai, Guangdong, and Inner Mongolia conduct pilot programs and introduce a brand-new and more advanced electronic fapiao.