Other Briefings
Hong Kong Added to EU Watchlist on Non-Cooperative Tax Jurisdictions
Hong Kong will amend its tax law to comply with EU standards on taxation of passive income, which may impact some foreign enterprises in the city.
How Residence is Defined and its Implications on Individual Income Tax implications in China and the UK: Q&A
We look at how tax residence is determined in China and the UK and what you should do if you are a tax resident of two countries.
China’s Taxpayer Credit Rating System: An Explainer
We explain China’s taxpayer credit rating system, including how it works and why it is important for foreign enterprises based in the country and doing business in China.
Closing a Business in China: What is the Simplified Deregistration Procedure?
China has introduced simplified deregistration procedures for certain types of enterprises to expedite their business closure and/or market exit.
China’s New Deed Tax Law: What Does it Mean for Businesses?
Businesses should pay attention to the changes in China’s new Deed Tax Law as well as exemptions and deed tax calculation.
GBA IIT Subsidy in Shenzhen: Updated Application Rules and Deadline
Shenzhen opens its application channel from August 16, 2021, to September 30, 2021, for the GBA IIT subsidy for overseas talents. Successful applicants can lower their income tax rate to 15 percent.
What is BEPS 2.0? OECD’s Two-Pillar Plan and Possible Impact on Multinational Enterprises
We look at China’s position on the consensus around the BEPS 2.0 framework to ensure a fairer distribution of global tax rights.
Shanghai Scraps ‘Levying Upon Assessment’ for Corporate Income Tax
From August 1, 2021, Shanghai requires corporate income tax to be levied based on an audit of accounts rather than general assessment of a company’s income.
