News

March 21, 2022

China Will Provide 2.5 Trillion for Tax Rebate and Reduction

The fifth session of the 13th National Committee of CPPCC had it closing ceremony at the Great Hall on March 10th. But have you known about the new changes mentioned in the government work report? This year,

March 14, 2022

200,000+ Foreigners To Get Better Support When Living In China!

Nearly a quarter of overseas nationals working in China are based in Shanghai, at 215,000 people, the highest proportion in the country, according to the latest data. It is a top destination for overseas returnees who are educated abroad and choose

March 7, 2022

Newly Established Foreign-Invested Companies Increases 29.3%

According to China’s Ministry of Commerce, the number of foreign-invested companies newly established in China in the first 11 months of 2021 was 43,370, rising 29.3 percent year-on-year. Gao Feng, a spokesperson of the Ministry of Commerce said that, the relevant departments and local

February 28, 2022

China Annual Individual Income Tax Declaration Starts Next Month

Annual Individual Income Tax declaration will start on March 1st.   Q1 Who ? Resident individual whose Tax withheld is more than tax payable in 2021 and the taxpayer would like to apply for the tax

February 21, 2022

A Guide to Minimum Wages in China in 2022

CHINA   Minimum wages continue to rise. Starting in 2022, Shenzhen and Henan raised their minimum wage standards from January 1, while Chongqing and Fujian will raise their minimum wage standards from April 1. Meanwhile, Hebei province has announced that it plans to

February 14, 2022

China’s Small Business Tax Incentives in 2022

In this article, we introduce the major tax incentives for small businesses, including corporate income tax (CIT) cuts for small and low-profit enterprises (SLPEs), individual income tax (IIT) reduction for small business owners, as well as concessions on value-added tax (VAT) and other

February 8, 2022

Get Ready! 2022 HK Company Audit Peak is coming!

HONG KONG Every year, Hong Kong Companies shall complete the profit tax return and submit it to Inland Revenue Department, and usually it’s a coming peak for accounting and audit. Profit Tax Returns Fillings

January 24, 2022

US-China Travel Fast-Track Program to Start in Early 2022

The American Chamber of Commerce in China said that a US-China travel fast-track program, which allows for US business people and their families to travel more easily to China amid the COVID-19 pandemic, officially became effective on Thursday,

January 17, 2022

The Highlights of 2022 Lin-gang FTZ Innovation Conference!

Lin-gang Special Area  At the beginning of New Year 2022, as the business investment agency, Elite Stage was invited to take part in 2022 China (Shanghai) Pilot Free Trade Zone Lin-gang Special Area International Talent

January 10, 2022

Negative List for Market Access to Be Further Shortened

Negative List China will continue to shorten the negative list for market access this year, as part of the country’s ongoing efforts to optimize its business environment and introduce greater opening-up, according to analysts. The government’s intensified