2026 China Strategy: Navigating the New VAT Law
As of February 2026, the honeymoon period for “regulatory ambiguity” in China has officially ended. With the Value-Added Tax (VAT)
The 2026 Offshore “Great Clean-up”: Is
HONG KONG In early 2026, the global tax landscape has shifted from “transparency as a goal” to “transparency as a default.”
Mandatory Compliance : The Era of Digital Tax in
As we move into 2026, the Inland Revenue Department (IRD) of Hong Kong has fundamentally shifted how businesses interact with the tax
Singapore EP Renewal — 2026 MOM Audit
In recent years, the renewal threshold for Singapore’s Employment Pass (EP) has undergone a “silent revolution.” From the high-profile money laundering
DBS Appointed as Singapore’s Second Renminbi
SINGAPORE, Dec 15 (Reuters) – DBS Bank (DBSM.SI), opens new tab was appointed as the second renminbi (RMB) clearing bank in
How Can CN Companies Avoid Tax Risks When
The primary tax risk that Chinese companies face when going global is the unfamiliar and complex tax system, collection, and
Offshore Structure: Singapore VS Hong Kong Company
Singapore has one of the lowest corporate tax rates in the world, excluding capital gains tax, and is ranked number one in
The Detailed Guidance for China Company ‘s
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Optimal & Legal: 5 ways to Do Overseas
(Elite Stage’s gift: 56 pages of electronic document “Anticipating Inflation in Asia 2022 & Beyond” is available for free within a limited time!
Successful Cases: the Key Points When Applying for
On April 26 this year, Singapore’s entry measures were further simplified. No matter whether you are holding a short-term visa
SG PR Application in the Relaxation Stage: seize
“Applying for PR” has always been one of the hot topics that foreigners in Singapore are most concerned about.
China Q1 2022 Economic Data Overview– Key
According to the recently released economic statistics by the National Bureau of Statistics and the Ministry of Commerce, China’s first quarter (Q1)
Singapore: New Points System for EP Applicants
Singapore Singapore will introduce a new points system for Employment Pass (EP) applicants from 2023, in addition to higher qualifying salary
Why Entrepreneurs Are Choosing to Do Business in
We once lived in a world where few countries enjoyed economic prosperity while the majority of countries watched with
Shanghai Grocery Purchase Guidance Summary+Aid
Since the epidemic control in Shanghai in April 2022, grocery purchase has become a top priority for many citizens. Elite Stage
How Do Smallest Businesses Survive Omicron
Beijing has rolled out tax relief and other beneficial policies such as more favourable loan rates and rent exemptions, rather
New Relief Measures for Service Industry
The service industry and small businesses in China will benefit from a series of new relief measures ranging from
Update of the Boarding Requirements for the United
From April 1st, for the direct flights from the United States to China, the original report of the antigen test
Hong Kong Budget 2022-23: All You Need to Know
Hong Kong 2022-23 Budget (2022-23 Budget) announces pending plans worth over HK$170 billion to boost the economy and maintain public confidence.
China Will Provide 2.5 Trillion for Tax Rebate and
The fifth session of the 13th National Committee of CPPCC had it closing ceremony at the Great Hall on March
200,000+ Foreigners To Get Better Support When
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
Newly Established Foreign-Invested Companies
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
China Annual Individual Income Tax Declaration
Annual Individual Income Tax declaration will start on March 1st. Q1 Who ? Resident individual whose Tax withheld is
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
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
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
US-China Travel Fast-Track Program to Start in
The American Chamber of Commerce in China said that a US-China travel fast-track program, which allows for US business people and
The Highlights of 2022 Lin-gang FTZ Innovation
Lin-gang Special Area At the beginning of New Year 2022, as the business investment agency, Elite Stage was invited
Negative List for Market Access to Be Further
Negative List China will continue to shorten the negative list for market access this year, as part of the
China Lowers Tariffs on 954 Products from January
the Customs Tariff Commission of the State Council (‘the commission’) will adjust import and export tariffs on selected goods in 2022
Trading Companies, Check out the Export Tax Refund
To encourage exports, the Chinese government formulated and implemented a series of policies of which the export tax rebate is one
How to Prepare for an Effective Annual Audit in
Whether an audit is effective or not makes a big difference in a company’s governance and development in the long run,
China’s Medical Devices: Industry Key Market Entry
China healthcare industry is currently ranked the second largest in the world behind the US. The market has grown at a consistently
5 Things to Avoid HK Company Bank Account Frozen
Whether you are going to open your very first bank account for your Hong Kong company or you have luckily opened
How to Do With Work Permit if Changing the Job in
If a foreigner working in China changes his employer, he shall first cancel his existing work permit. After cancelling the original
China’s Tax Incentives: An Overview of Key
China’s tax incentives are preferential tax policies offered by its local and/or central governments to incentivize or encourage a
Attention! Hong Kong Has Tigntened the Registry
The government has tightened registry searches in Company Registry and Land Registry – people will have to provide their name
China’s New Tax Deferment Measures and
Tax deferment measures for manufacturers, individual businesses, unincorporated firms. According to the executive meeting, the following taxes for
The Analysis of Minimum Wages in China in 2021
Minimum wages in China continue to grow. So far, in 2021, the provinces of Heilongjiang, Hubei, Jiangsu, Jiangxi, Ningxia,
How to Open a Bank Account for Foreign Companies
Setting up a company in China’s appealing market may be subject to varied requirements, depending much on the business entity chosen
Income Tax Rate of These 3 Places in Mainland is
Have you got the news that at the end of this year, the previous taxation policy of eight tax
By Early 2022, Borders Might Open If Vaccination
China may open its borders after it vaccinates over 85 percent of its population by early 2022, said Gao Fu,
Social Insurance Exemptions for Expats in China
According to the requirement of The Ministry of Human Resources and Social Security，foreign employees are required to participate
Mutual Visa Exemption: People Can Enter China
The official website of the National Immigration Administration replied that those who are currently covered by the mutual visa exemption can
Family Members Can Apply PU Letter Based in
Recently, the Chinese Government implemented heightened application requirements for non-Chinese nationals seeking to obtain Official Invitation (“PU”) Letters sponsored
Long Term Working in China, How to Deal With
Hi, guys In the previous topic on personal income tax in China, we discussed Kevin’s case as the example
How to Do Authentication Abroad for Business Use
With the development of global economy, China becomes one of the most popular place of foreign investments. When overseas
Officially Released: The 2021 Shanghai Foreign
The 2021 Shanghai Foreign Investment Guide (hereinafter referred to as the 2021 Investment Guide), which is compiled by
New Signal: Shanghai May Adopt Green Card Benefits
Have you heard that in the future, Shanghai Pudong District will implement the recommendation mechanism of Foreigner’s Permanent
Green Card Trend: Tips for Reunion of Husband and
Affected by the global epidemic, China’s entry and exit management has become more stringent. Many foreigners have been
Hong Kong & Shanghai– Expand
Several memorandums, an agreement and a letter of intent are inked between Hong Kong and Shanghai during the
Tax-Exempt Fringe Benefits for Expats to Expire
Starting next year, foreigners working in China may no longer be entitled to some tax-free fringe benefits (for
Pudong New Area Issued Fresh Guidelines for
The Pudong New Area in eastern Shanghai recently issued a new set of guidelines widely seen as a blueprint
More Taxpayers to Benefit from Uncredited VAT
On April 28, 2021, China’s Ministry of Finance (MOF) and State Taxation Administration (STA) released the Announcement on Clarifying
How to Comply with Hong Kong Accounting Standards？
As a Hong Kong business entity, your company must prepare audited financial statements on an annual basis. Please make