China Briefing News

Q&A: Key Points Regarding Dividends Derived by Non-Resident Enterprises in China

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We list some of the most frequently asked questions that non-resident enterprises may have when obtaining dividends from China.

Managing Tax Avoidance Arrangements in China: Practical Considerations for Businesses

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We introduce tax avoidance arrangements as defined by Chinese tax authorities, discuss standard procedures for special tax investigations related to arrangements lacking reasonable commercial purposes, and provide practical suggestions for mitigating associated tax risks.

Shenzhen Extends Application Deadline for 2021/2022 IIT Subsidy to October 20

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Shenzhen has extended the individual income tax (IIT) subsidy application deadline for foreign and in-demand talent to October 20, 2023, from September 30.

China’s Digital Yuan App Gets a Boost: New Features Enhance Convenience for Foreign Users

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China’s digital yuan app has added a new function allowing foreigners to top-up the money in their wallets before making payments, improving their experience with the e-CNY payment services.

Shanghai and Beijing Take Crucial Step in Liberalizing Cross-Border Capital Transfer

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Beijing and Shanghai are set to liberalize the inflow and outflow of foreign capital for foreign companies and employees.

China Releases Three-Year Action Plan for Metaverse Industry Development

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China unveiled a new metaverse action plan aimed at boosting economic growth, job creation, and innovation through intelligence technologies. We’ll explore the plan’s key points and its potential impact on China’s economy and businesses.

Germany’s H1 2023 FDI in China Remains Strong Despite “De-Risking” Strategy

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German FDI in China was near record levels in H1 2023, but bilateral trade fell. What does the data tell us about the future of China-Germany trade and investment relations?

China Simplifies Visa Application Process to Attract Foreign Travelers and Facilitate Opening-Up

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The simplification of China’s visa application process is poised to ease business travel and boost prospects for tourism, commerce, and allied sectors, all of which have lagged in the post-pandemic recovery period. We explain the changes to the visa process announced September 20, 2023.

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