From December 1, 2023, the annual confirmation for Individual Income Tax (IIT) special additional deductions begins. Individuals, including expatriates in China, should check their eligibility for these deductions.
As of December 1, 2023, the pilot fully digitalized e-fapiao program has rolled out nationwide, with Tibet the last region being added to the scope of issuance. We discuss the expansion of e-invoicing in China and its benefits and impacts on businesses operating in China.
China’s National Immigration Administration unveiled an upgraded Foreign Permanent Resident ID Card, effective from December 1, 2023, with design improvements and enhanced functionality. We explain the key changes in the new Foreign Permanent Resident ID Card and benefits for applicants.
A new plan to boost the Beijing service sector seeks to expand market access for foreign companies and enhance the city’s business environment.
Our daily updates on the latest events as they occur, together with ongoing advisory on how best to manage your China business exposure during COVID-19.
We offer the latest advice on traveling to China since the lifting of COVID-19 restrictions, from visas to testing to travel precautions.
We discuss why China’s new-type industrialization thrust is an opportune time for foreign businesses and investors looking to expand their presence in the Chinese market.
The foreign ministers of China, Japan, and South Korea recently met in Busan to discuss common regional concerns, in particular security issues linked with Washington DC and Pyongyang & made a case for restarting their annual trilateral summit.
In A Quick Guide to Accounting and Audit in China 2024, we highlight the importance of audit and compliance process to businesses to survive and thrive in a growing volatile, unexpected, complex, and ambiguous (VUCA) world.