Other Briefings
How the Tax System is Organized in China
Given that China’s tax system is still evolving, this article looks at the legislative and regulatory bodies that are responsible for tax administration.
IIT Subsidies in China’s Greater Bay Area: You Can File Your Applications Now
From July 2020, qualified talents and employers can file their applications for individual income tax subsidies in most cities in the Greater Bay Area.
China Announces More Fee Cuts, Companies Expected to Save RMB 310 billion in 2020
The latest cuts include reductions and waivers to electricity fees, port costs, highway tolls, telecommunication rates, and oil liability insurance.
Tax and Fee Cuts Announced in China’s 2020 Work Report: Two Sessions Roundup
The tax and fee cuts and extended preferential policies offer targeted relief for businesses in China most impacted by the COVID-19 induced economic crisis.
China Extends VAT Preferential Policy for Small-Scale Taxpayers to the End of 2020
China is extending the preferential value-added tax (VAT) policy for its small-scale taxpayers to December 31, 2020. It was previously set to expire May 31, 2020.
Hong Kong’s New SME Financing Guarantee Scheme: An Explainer
We explain Hong Kong’s SME Financing Guarantee Scheme, which can be accessed by businesses who have struggled in the last several months due to COVID-19.
New Cross-Border E-Commerce Zones, Extended Tax Incentives for Small Businesses in China
China is expanding its cross-border e-commerce zones and freight supply chain to stabilize foreign trade as well as extending preferential tax schemes.
China’s Annual Final Tax Settlement on Comprehensive Individual Income for AY 2019
Taxpayers in China must complete their annual final settlement on consolidated income for the 2019 tax assessment year between March 1 to June 30, 2020.
