Ningbo is testing the special VAT e-fapiao through a limited roll-out in Cixi city and Haishu district ahead of what is expected to be wider implementation across China.
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.
With the looming possibility of a US-China technology decoupling, China is improving its incentive schemes for its integrated circuit and software industries.
The GBA and Hainan FTP lead China’s renewed efforts to improve its incentives, capacity, and infrastructure for investors, traders, and manufacturers.
Given that China’s tax system is still evolving, this article looks at the legislative and regulatory bodies that are responsible for tax administration.
We explain China’s updated import and export tax rates and duties, and highlight key issues that foreign companies should take note of.