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 (MOF STA
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, what
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 coronavirus variants.
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, and
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. Is there
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 is the
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 new offshore
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. No
No matter you’re a foreign student, or graduated student, if you live in China, then there is one place you must know– Shanghai Lingang FTZ. Lingang FTZ is trying to built itself into a talent hub by releasing preferential supporting policies for international talents. Some of these policies may be exactly what you need for your work and entrepreneurship. Elitestage As Lingang Investment Partner, we would like to share the major preferential policies with
VAT payers in China are separated into two different categories – general taxpayers and the small-scale taxpayers – and the VAT rates vary for different statuses. General taxpayers are subject to a 13% VAT rate
