the Customs Tariff Commission of the State Council (‘the commission’) will adjust import and export tariffs on selected goods in 2022 in a bid to support high-quality development and opening up, the Ministry of Finance (MOF) said
To encourage exports, the Chinese government formulated and implemented a series of policies of which the export tax rebate is one of the most important. For trading companies in China, it should pay more attention on export tax refund
Whether an audit is effective or not makes a big difference in a company’s governance and development in the long run, though it is not easy to identify the audit effectiveness right after the process. From
China healthcare industry is currently ranked the second largest in the world behind the US. The market has grown at a consistently rapid rate in the past five years, and in 2019, the market reached RMB 7.82 trillion, an
Whether you are going to open your very first bank account for your Hong Kong company or you have luckily opened a few corporate accounts already, to know what it takes to maintain your bank accounts is critical for
If a foreigner working in China changes his employer, he shall first cancel his existing work permit. After cancelling the original work permit, the application for a new work permit shall be completed within three months from the date of
China’s tax incentives are preferential tax policies offered by its local and/or central governments to incentivize or encourage a particular economic activity or to support disadvantaged business owners or individuals. From the investor’s perspective,
The government has tightened registry searches in Company Registry and Land Registry – people will have to provide their name and identity card number to use the registries’ services from November 1, 2021 “With effect from
Tax deferment measures for manufacturers, individual businesses, unincorporated firms. According to the executive meeting, the following taxes for the fourth quarter of this year can be deferred: 1. Corporate income tax CIT , domestic
Minimum wages in China continue to grow. So far, in 2021, the provinces of Heilongjiang, Hubei, Jiangsu, Jiangxi, Ningxia, Shanxi, Shaanxi, Tibet, Xinjiang, Zhejiang, Shandong, Jilin, as well as the cities of Beijing and
