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
Setting up a company in China’s appealing market may be subject to varied requirements, depending much on the business entity chosen for further activities. A business bank account is a mandatory request at the company formation in China for providing
Have you got the news that at the end of this year, the previous taxation policy of eight tax exemption subsidies for foreigners will expire? Well, you may wonder and find out any new preferential
China may open its borders after it vaccinates over 85 percent of its population by early 2022, said Gao Fu, head of the Chinese Center for Disease Control and Prevention, in a recent interview. The
According to the requirement of The Ministry of Human Resources and Social Security,foreign employees are required to participate in the Chinese social security program. In China, social insurance includes five different types of
The official website of the National Immigration Administration replied that those who are currently covered by the mutual visa exemption can enter China normally. At present, there are 16 countries with which China has concluded mutual visa exemptions
Recently, the Chinese Government implemented heightened application requirements for non-Chinese nationals seeking to obtain Official Invitation (“PU”) Letters sponsored by companies based in Shanghai. PU letters are now available to dependent family members of