Starting next year, foreigners working in China may no longer be entitled to some tax-free fringe benefits (for example, housing rental, children’s education costs, and language training costs). This will result inRead More
The Pudong New Area in eastern Shanghai recently issued a new set of guidelines widely seen as a blueprint for the area’s future growth and development. They contain suggestions for new policy incentivesRead More
On April 28, 2021, China’s Ministry of Finance (MOF) and State Taxation Administration (STA) released the Announcement on Clarifying Policies on the Refund of Period-End Uncredited Value-Added Tax in Advanced Manufacturing Industries (MOFRead More
As a Hong Kong business entity, your company must prepare audited financial statements on an annual basis. Please make sure your financial transactions are handled based upon the Hong Kong accounting standards. So,Read More
Affected by the Covid-19 pandemic with more dangerous Delta variant virus, China has stopped issuing and renewing passports for non-urgent purpose to try to minimise travel amid the rapid spread of coronavirusRead More
Over the last few months, China has been quickly expanding the pilot program on electronic special value-added tax (VAT) fapiao (hereafter referred to as special VAT e-fapiao). First trialed in Ningbo, Hangzhou,Read More
At the beginning of June, Elitestage invited tax expert Eve Yu to share a speech on the personal income tax policy of foreign individuals. Hereby, Elite Stage summarized the key contents for you. Read More
With the continuous development of the economy, more and more foreigners want to start their own business in China. It’s also becoming easier to register companies in China. Generally, having a Chinese company name isRead More
Due to the epidemic, many clients are faced with a problem that they cannot choose which place is more suitable for them to set up an offshore company. This article is a detailed roadmap that supports every start-up or newRead More
During the epidemic period, China’s temporary visa policy is updated from time to time. Is the PU letter still the key point for foreigners to coming to China? This article will give you the answer. Ⅰ.Read More
