By Alexander Chipman Koty
The “Great Firewall”, the popular term for China’s Internet restrictions, blocks access to a large swathe of the internet, including Google, Facebook, YouTube, Twitter, and many other overseas news outlets and social media platforms. Internet users in mainland China can bypass the Great Firewall by using VPNs, which reroute internet activity through servers based in another location.
For many companies and individuals in China, VPNs are necessary to perform a number of basic tasks, from sending emails via a Gmail account to sharing resources through cloud platforms like Dropbox and even GitHub. For some companies, the ability to use a VPN enables them to carry out their core functions, such as desktop research and digital marketing.
Last week, China’s State Administration of Taxation (SAT) released measures clarifying what documents are needed for corporate income tax (CIT) deductions.
SAT Announcement  No. 28, which will go into effect on July 1, 2018, states the specific instances where taxpayers may not require fapiao – Chinese invoices – in support of CIT deductions.
Our weekly round up of other news affecting foreign investors throughout Asia:
Investing in Thailand: Tax and Non-Tax Incentives
Thailand’s Board of Investment (BOI) offers a range of tax and non-tax incentives to foreign companies making investments in the country. In this article, we discuss the various tax and non-tax incentives on offer for foreign investors in Thailand.
India’s World Cup Fever, New Sports Leagues Open Market Wide for Business
The 2018 FIFA World Cup, one of the biggest events on the sporting calendar, begins today. Despite the Indian team repeatedly not qualifying for the tournament, it is expected to have a viewership of over 100 million fans in India.
By Thibaut Minot
Foreign businesses in China are less likely to disregard fraud than in the past. The speed of economic growth in the country detracted attention from cost savings; a more competitive market now means businesses need to build stronger anti-fraud programs to protect margins and improve efficiency.
But preventing and detecting fraud is not getting any easier. The pace of regulatory reform and grey legal areas these reforms can create make a space where businesses can begin operating in the halfway between right and wrong.
Overseas stakeholders are already handicapped in this environment due to geographic distance, which limits their visibility on their China operation. But their risks are exacerbated by the increased capability of local enforcement agencies, which have considerable leeway in interpreting new national measures.
By Hugo Butcher Piat
For foreigners working in China, the work permit is a crucial document that must be attained prior to commencing work. The work permit is tied to your employer, which means that when changing jobs, the work permit must also be transferred to the new employer.
Transferring an existing work permit from one employer to another usually takes around 4-6 weeks, though some applications may take up to 12 weeks to complete. Because the application process can be lengthy, it is best to be prepared for what lays ahead at each stage of the process.
By I-Ting Shelly Lin
China is in the throes of a mental health crisis, with millions suffering from untreated mental illnesses and psychiatric disorders.
In 2017, 54 million Chinese suffered from depression, representing 4.2 percent of the country’s population, according to the World Health Organization (WHO).
Furthermore, in 2012, the renowned medical journal The Lancet reported that approximately 173 million Chinese were estimated to have diagnosable mental illnesses or psychiatric disorders. Of these, only 15 million sought treatment.
By Gidon Gautel
Social insurance exemption for foreigners can be a valuable asset for employers and foreign employees to save on unnecessary costs. However, many companies hiring eligible employees are not aware of the benefits available to them, while those who do are often unsure as to how to go about applying.
China’s social security system consists of five different types of insurance, plus one mandatory housing fund. The five “insurances” are pension, medical, work-related injury, unemployment, and maternity insurances, while housing fund contributions are included because the costs come from both the employer and the employee.