China Briefing News

Shenzhen Announces Comprehensive Pilot Reforms Plan amid 40th SEZ Anniversary


As Shenzhen SEZ marks 40 years of growth and innovation to transform into a megalopolis, more comprehensive pilot reforms are expected in the next five years.

Huizhou Launches Enterprise Registration and Examination Reform


The Huizhou government held a mobilization conference on May 17 to officially launch its enterprise registration and examination trial reform.

China’s SAT Details VAT Reform Issues in Shanghai


The “Circular on Commencing the VAT Reform (Replacing BT Imposition with VAT Imposition) in Shanghai’s Transport Industry and Several Modern Service Sectors” explains multiple issues including services that become VATable, VAT rates, as well as calculation methods, taxpayer status and favorable VAT treatment to specific services.

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