The new incentive allows companies to deduct investments in digital and smart upgrades of special equipment from their corporate income tax.
China's new Ethical Guidelines for Human Genome Editing emphasize regulations to address ethical concerns and ensure responsible research.
China’s GDP expanded by 5.0 percent during the first half of 2024, aligning with the economic target set at the beginning of the year.
The new rules prohibit local governments from including content that could favor or discriminate against certain companies when drafting legislation and policy measures.
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Sign Up NowThe Third Plenum vowed to implement myriad reform policies by 2029 to grow the economy, improve the private sector, boost foreign investment, reform the tax regime, and more.
Timeline tracking key developments affecting EU-China relations, including trade and business engagement, under the new European Parliament.
As Trump and Biden vie for a second term in office, we discuss the potential impact of the 2024 US election on trade, diplomacy, and doing business with China.
China’s GDP expanded by 5.0 percent during the first half of 2024, aligning with the economic target set at the beginning of the year.
The Third Plenary Session of the 20th Central Committee, held from July 15 to 18 in Beijing, is expected to unveil new economic policies and reforms.
The new incentive allows companies to deduct investments in digital and smart upgrades of special equipment from their corporate income tax.
In this article, we provide a comprehensive guide to tax audits in China, including typical processes, recent trends, as well as practical case studies.
Highlights from this monthly China tax brief include the increased duty-free quotas for Hong Kong and Macao residents entering the mainland, the tax policy regarding temporary import repair in the Shanghai FTZ, and Shenzhen's new measures to attract foreign investment.
The new IFRS 18 standard will impact all entities applying IFRS, influencing how they present and disclose financial performance. In this article, we explore the essential aspects of IFRS 18 and guide entities on the necessary steps to prepare for this upcoming standard.
Highlights from this monthly China tax brief include the new beneficiary owner reporting rules to be effective from November 1, 2024, the expanded tax incentives in the Qianhai Cooperation Zone, and the advance tax ruling measures implemented in Beijing and Maoning City.
China's new Ethical Guidelines for Human Genome Editing emphasize regulations to address ethical concerns and ensure responsible research.
Hainan has officially launched the 2024 catalogue of encouraged industries, featuring 33 new additions compared to the 2020 edition.
The new draft standards provide useful guidance for companies in China to carry out personal information protection compliance audits proposed under draft measures in 2023.
China approved regulatory adjustments in six cities to open the service sector and attract foreign investment in medical institutions, eldercare facilities, tourism, entertainment, and telecommunication services.
Companies established before the new company law took effect on July 1, 2024, should note the timeline to adapt to the new registered capital rules in China.
Key regions like Guangdong, Shenzhen, and Chengdu are spearheading development through substantial investments and regulatory support, despite challenges in infrastructure and safety.
China's new Ethical Guidelines for Human Genome Editing emphasize regulations to address ethical concerns and ensure responsible research.
China's health supplements market, valued at US$45.5 billion in 2023, is growing rapidly due to increased health awareness post-COVID-19, with strong demand across vitamins, herbal products, sports nutrition, and weight management. We explore the latest trends and market dynamics.
Both established domestic and international companies, alongside emerging players, are employing innovative strategies to cater to China's weight management market, despite facing regulatory and competitive hurdles.
China's industry clusters foster economic growth by enhancing efficiency, innovation, and competitiveness through geographic concentration of interconnected businesses, suppliers, and institutions.
New measures in China aim to simplify access to hotel accommodations for overseas travelers by removing barriers and enhancing services.
China has expanded the 144-hour visa-free transit to 37 ports, with Zhengzhou in Henan Province and 8 more cities in Yunnan Province being able to benefit from this policy as of July 15, 2024.
In this aritcle, we look at all of the China visa-free policies that are currently in place and clarify who is eligible to benefit from them.
Starting July 10, 2024, a five-year multi-entry travel permit can be applied by non-Chinese permanent residents of Hong Kong and Macao, to facilitate travel to the Chinese mainland.
New employment trends are emerging in China's labor market amid structural challenges. Businesses should stay agile, invest in talent, and adapt to changing market dynamics to accommodate the implications.
Timeline tracking key developments affecting EU-China relations, including trade and business engagement, under the new European Parliament.
The new draft standards provide useful guidance for companies in China to carry out personal information protection compliance audits proposed under draft measures in 2023.
Timeline tracking key developments affecting US-China bilateral trade and business engagement under the Joe Biden administration.
New trial rules clarify data security risk assessments requirements for companies processing core and important data in the industrial and IT fields.
China is striving to regulate generative AI while promoting innovation and technological advancement. The NISSTC has issued draft regulations outlining security measures for generative AI service providers, underscoring China's commitment to responsible AI development.
Dezan Shira & Associates is a pan-Asia, multi-disciplinary professional services firm, providing market entry, legal, accounting, tax, HR, technology and operational advisory to international investors.
Asia Briefing publishes articles, magazines, and guides on doing business in Asia. Dezan Shira & Associates has produced the publication since 1999.
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