Other Briefings
Annual Audit in China: Why it’s Important and How to Get Started
Given the ongoing pandemic, foreign invested enterprises in China will benefit from regular audit reporting that will reduce their risk exposure and help their financial management.
China Clarifies Duty Exemption Policy for Foreign Investment in Encouraged Industries
China’s customs authority recently clarified the duty exemption policy on equipment, technology, accessories, and spare parts imported for self-use purpose.
E-Invoice Management in China: How Companies Can Stay Compliant
We discuss how China businesses can stay compliant while bookkeeping and archiving e-fapiao for reimbursement and avoid triggering additional tax costs or penalties.
China to Launch Electronic Special VAT Invoice Nationwide
Special VAT e-fapiao are now being implemented in more regions and can be accepted by fapiao recipients across the country.
China Clarifies Deadlines for Filing Tax Returns in 2021
China’s State Taxation Administration issued a circular clarifying the specific deadlines for filing tax returns in 2021.
Common Errors in Accounting, Tax, Forex Management of FIEs in China
Foreign invested enterprises in China should note these common errors to optimize their internal finance processes and get the most out of their annual audit.
China Extends Pretax Deductions for Companies’ Advertising Expenses by Five Years
China is extending companies’ pretax deduction for advertising and business publicity expenses from January 1, 2021 to December 31, 2025.
China Optimizes Prepayment of Individual Income Tax by Some Taxpayers
China has optimized the prepayment of individual income tax by some taxpayers starting January 1, 2021. We discuss eligibility and calculation of IIT.
