Tax & Accounting

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  October 8, 2018 by China Briefing Reading Time: 4 minutes
  

  Chinese Accounting Standards: A Primer for Foreign Investors

  Foreign investors in China may find it challenging to fully understand the financial statements prepared for their entities. Here, we explain the Chinese Generally Accepted Accounting Principles and how to navigate them successfully.
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  October 1, 2018 by China Briefing Reading Time: 3 minutes
  

  Tax Residency in China under New IIT Law: Impact on Foreigners

  China’s new individual income tax (IIT) law will bring a host of changes to taxation in the country – including the tax treatment of foreigners.
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  September 17, 2018 by China Briefing Reading Time: 3 minutes
  

  Export Tax Rebates in China Increase for 397 Products

  China increased its export tax rebates for 391 items from September 15 to benefit steel products, LEDs, and semiconductor components, among other major exports.
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  September 5, 2018 by China Briefing Reading Time: 5 minutes
  

  China’s New IIT Law: Prepare for Transition

  China passed a new individual income tax (IIT) law on August 31, marking a significant reform to tax policy. In this article, we look at the major changes and implications of the new law.
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  September 4, 2018 by China Briefing Reading Time: 2 minutes
  

  China Tax Cuts Worth RMB 45 Billion to Support Economy Amid Slowdown

  On August 30, China’s State Council announced RMB 45 billion (US$6.59 billion) worth of tax cuts for businesses and investors.
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  August 21, 2018 by China Briefing Reading Time: 3 minutes
  

  How to Apply for CIT Incentives in China

  China offers a number of preferential corporate income tax policies for businesses operating in the country. These preferential tax treatments, however, do not automatically apply – businesses must first determine their eligibility and carry out the appropriate steps to benefit from the incentives.
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  August 13, 2018 by China Briefing Reading Time: 4 minutes
  

  How to Save VAT on Cross-border Transactions in China

  Value-added tax (VAT) applies to goods and services in China. However, zero-rated transactions and VAT-exempt transactions are two ways in which the taxpayer can benefit from VAT relief.
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  August 7, 2018 by China Briefing Reading Time: 6 minutes
  

  Intra-group Service Fee Treatment in China

  Tax authorities in China heavily scrutinize intra-group service fees paid by Chinese enterprises to the overseas-related parties to regulate tax avoidance and profit shifting.