China Monthly Tax Brief: February 2024
In this monthly China tax brief, we spotlight policies and measures announced or scheduled for implementation in February 2024. These initiatives aim to clarify tax compliance, support businesses, promote headquarters, expand market access, and attract talent.
China’s Machine Tool Industry: Market Trends and Opportunities
China’s machine tool industry, with a market value surpassing RMB 200 billion (approximately US$27.86 billion), heavily depends on foreign imports, creating diverse opportunities for global collaboration and investment, bolstered by substantial government incentives.
China’s “24 Measures” to Attract Foreign Investment: Progress Report
Six months after China announced 24 measures to optimize the foreign investment environment in the country, we discuss the progress made.
Hong Kong Budget 2024-2025 – Government Implements New Tax Arrangements and Extends Funding Schemes
The 2024-25 Hong Kong Budget introduces new tax arrangements to raise public funds and extends support policies for companies and individuals.
China’s Education Sector: Latest Trends and Policies
We analyze key developments in China’s education sector after the double reduction policy to limit homework and after-school tutoring.
Investing in China’s Anti-Aging Market: Trends and Opportunities
We discuss business prospects in the dynamic anti-aging market in China, which covers various product segments as well as medical and aesthetic treatments, and is popular among all age groups.
China Extends 15% CIT Rate to Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone
Certain businesses in Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone (HTCZ) will qualify for a 15 percent corporate income tax (CIT) rate. We discuss the eligibility criteria and explain China’s preferential CIT policy.
Preparing for the Year of the Dragon: HR Strategies and Travel Trends During Chinese New Year 2024
From arranging additional leave to issuing annual bonuses, here’s how HR teams can prepare for the eight-day Chinese New Year holiday.