Italy recently ratified the upgraded Double Tax Agreement (DTA) with China, which will finally take effect in 2025.
China, a key market for luxury goods, is driven by a growing middle class and affluent consumers. However, economic uncertainties and shifting trends require brands to adapt strategically.
Qualified fixed assets that meet specific criteria are eligible for a one-off deduction before corporate income tax in China. This article demonstrates the details of this policy by explaining two real examples.
The clear tasks and timelines set in China’s new work plan for improving the country’s carbon accounting system make it urgent for businesses to develop internal carbon accounting capabilities by 2026.
We provide the 2025 public holiday schedule in this article, state the compensatory working days, and explain the difference in overtime payment for public holidays and the adjusted rest days.
The State Taxation Administration has announced the promotion of fully digitalized electronic invoices for civil aviation passenger transport, effective from December 1, 2024.
China Briefing has developed into a premium source for insight on doing business in China. It publishes business news concerning foreign direct investment into China, including the most important tax, legal and accounting issues. The China Briefing Magazine was first published in 2009, and is contributed to by investment professionals based in China.
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