Other Briefings
Shanghai Scraps ‘Levying Upon Assessment’ for Corporate Income Tax
From August 1, 2021, Shanghai requires corporate income tax to be levied based on an audit of accounts rather than general assessment of a company’s income.
How Should Companies Prepare for the Special VAT E-Fapiao?
We discuss how CFOs in China can prepare for the impact of the wider roll-out of special VAT e-fapiao on their existing procedures and operating systems.
GBA’s Shenzhen Qianhai Extends 15% CIT for Qualified Enterprises Until End of 2025
Qualified enterprises in Shenzhen Qianhai Area can enjoy 15% CIT until December 31, 2025 – China’s national CIT rate is 25%.
China’s Latest Corporate Income Tax Update for Six Items: Q&A
China has clarified CIT treatment on six items, including COVID-19 charitable donations, convertible bonds, art assets, and cross-border hybrid investments.
E-Fapiao Compliance Management in China and Regulatory Requirements
We explain how to ensure e-fapiao compliance management for businesses in China that purchase, obtain, transfer, and keep e-fapiao and relevant regulations.
China’s E-Fapiao System at a Glance
China’s e-fapiao system is an electronic VAT invoicing process that cuts red tape, streamlines compliance procedures, and seeks to prevent receipt abuse.
Preparing for the Coming E-Fapiao Era – New Issue of China Briefing Magazine
In this issue of China Briefing magazine, we demonstrate the opportunities and risks associated with China’s e-fapiao implementation.
China’s Position on the Digital Service Tax
Given China’s unique digital economy, the country remains more inclined to tax its booming domestic tech-conglomerates than target global technology MNCs.
