From January 1, 2021, several new accounting standards regarding revenue, leases, and financial instruments will apply to entities that have adopted CAS.
We present two JV case studies based in China and discuss how foreign investors can mitigate their risks, including exposure to fraudulent activity.
We provide a detailed case study-based analysis of the possible PE and tax residence risks in China in the context of the COVID-19 pandemic.
Ningbo, Hangzhou, and Shijiazhuang are testing the special VAT e-fapiao ahead of what is expected to be wider implementation across China.
Starting November 1, 2020, tax authorities will implement four measures to optimize China’s credit evaluation system for taxpayers.
In this edition of China Briefing Magazine, we explain how cloud technology solutions can bolster your back office efficiency in China.
China has specific compliance requirements for each channel the foreign invested entity may choose in order to make outbound payments.
Eligible enterprises engaged in four key technology industries – integrated circuits, AI, biomedicine, and civil aviation – will benefit from the reduced tax rate.