Tax & Accounting

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  June 11, 2019 by China Briefing Reading Time: 6 minutes
  

  Import-Export Taxes and Duties in China

  We explain China’s updated import and export tax rates and duties, and highlight key issues that foreign companies should take note of.
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  June 6, 2019 by China Briefing Reading Time: 4 minutes
  

  China’s ‘Fapiao’ Invoice System Explained

  In China, a fapiao is a legal receipt that serves as proof of purchase for goods and services. The larger fapiao invoice system, however, is an essential component of China’s tax law, and compliance for businesses.
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  June 3, 2019 by China Briefing Reading Time: 2 minutes
  

  China Extends Tax Breaks for Circuit Design, Software Enterprises as Trade War Drags On

  China continues to announce a variety of support measures for its high-tech industries amid a protracted trade war with the US.
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  May 20, 2019 by China Briefing Reading Time: 4 minutes
  

  Hong Kong and Australia Sign New FTA

  Hong Kong and Australia have formalized their trade relationship, with a new FTA and Investment Agreement signed on March 26, 2019.
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  April 30, 2019 by China Briefing Reading Time: 2 minutes
  

  China’s Lowers CIT for Pollution Prevention and Control Enterprises

  China has reduced the CIT rate to 15% for enterprises engaged in pollution prevention and control like waste management or pollution monitoring.
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  April 24, 2019 by China Briefing Reading Time: 4 minutes
  

  Greater Bay Area Subsidies to Boost Overseas Talent Acquisition

  China will grant subsidies linked to individual income tax to overseas ‘high-end’ and ‘urgently-needed’ talents working in the Greater Bay Area.
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  April 18, 2019 by China Briefing Reading Time: 4 minutes
  

  5 Big Changes to China’s VAT in 2019

  China’s new VAT policy took effect on April 1, 2019 and aims to boost economic activity in certain sectors by lowering VAT rates and increasing VAT credits.
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  April 16, 2019 by China Briefing Reading Time: 2 minutes
  

  China to Cut US$45 Billion in Fees and Tariffs

  China will cut US$45 billion in fees and tariffs for businesses and individuals as the government seeks to ease the pressure of a slowing economy.