We review case studies of companies that have applied for the pre-tax super deduction of R&D expenses to understand which projects qualify.
Does Your Business Qualify for China’s Reduced 15% CIT Rate? Defining “Substantial Operations” in Key Development Zones
To be eligible for the reduced 15% corporate income tax rate, companies must prove they have “substantial operations” in certain areas. We explain what the requirements are.
With the deadline for the 2022 annual CIT filing at the end of May, we look at the requirements for non-resident enterprises.
Book-tax difference management is a key aspect of annual CIT filing in China, which businesses need to handle to avoid unnecessary penalties.
Foreign invested enterprises in China should note these common errors to optimize their internal finance processes and get the most out of their annual audit.
An employer’s mandatory contributions made to the social welfare schemes in his home country, such as social security and medicare, should be treated as taxable income for IIT purposes.