Other Briefings
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.
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.
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.
Hong Kong Removed from EU Watchlist on Non-Cooperative Tax Jurisdictions
On March 12, 2019, the European Commission removed Hong Kong from the European Union’s watchlist on non-cooperative tax jurisdictions.
VAT Rates in China Lowered – 2019 Work Report Announcement
China will lower its value-added tax rates as part of an RMB 2 trillion (US$298 billion) tax cut package. See the new VAT rates here.
China’s New IIT Rules: A Guide for Employers – New Issue of China Briefing Magazine
We explain changes to individual taxation in China, including the revision of tax brackets, expanding deductibles, and altered residency rules for foreign workers.
Audit and Tax Compliance in China: A Step-by-Step Guide for Foreign Companies
To achieve full compliance, foreign invested enterprises in China need to follow the specified annual audit procedures established by the government.
The First Sale Rule: A Way to Reduce Exposure to US-China Tariffs?
We examine the First Sale rule under US Customs law and how firms can use it to navigate the raised tariffs due to the US-China trade war.
