Other Briefings
Audit and Tax Compliance in China: A Step-by-Step Guide for Foreign Companies
To achieve full compliance, foreign invested enterprises in China need to follow the specified annual audit procedures established by the government.
The First Sale Rule: A Way to Reduce Exposure to US-China Tariffs?
We examine the First Sale rule under US Customs law and how firms can use it to navigate the raised tariffs due to the US-China trade war.
China’s Pilot Bonded Zone VAT Program
China recently expanded the scope of its pilot VAT program for comprehensive bonded zones, adding an additional 24 locations.
New Compliances for Companies Registered in Tax-Friendly Regions
The British Virgin Islands recently passed legislation strengthening transfer pricing rules, amid international criticism for its status as a tax haven.
Jiangsu Tax Cuts, Other Incentives for Private Sector Businesses
Jiangsu province in East China has rolled out a series of tax cuts and new measures to bolster its private sector economy, especially SMEs.
Annual Audit in China: Frequently Asked Questions
China requires all foreign invested enterprises including WFOEs, JVs, FICEs, and ROs to comply with the annual audit and other compliances.
China Extends Tax Relief, Incentives for Small and Micro Businesses
China extends tax cuts for small and micro firms as the government seeks to stabilize the economy and stave off unemployment.
China’s IIT Law Updates: Six-Year Rule and Other Preferential Policies
China’s new Individual Income Tax (IIT) law came into effect on January 1, introducing new tax brackets and a slew of other changes to the country’s IIT system.
