China’s IIT preferential policy allowing some non-taxable fringe benefits for expatriates is extended till the end of 2023; it was set to expire in 2022.
China’s e-fapiao system is an electronic VAT invoicing process that cuts red tape, streamlines compliance procedures, and seeks to prevent receipt abuse.
Given China’s unique digital economy, the country remains more inclined to tax its booming domestic tech-conglomerates than target global technology MNCs.
We analyze why transitioning to a digital expense management system can be cost effective for your business in China and assess the best options available.
We discuss company best practices for utilizing China’s export tax rebates and assess the risks associated with the frequent compliance and rule changes.
China has increased the ratio of additional deduction on manufacturing firms’ R&D expenses from 75 percent to 100 percent.
We discuss major considerations when planning back office automation in China, such as managing local information resource gaps and operational stability.
We spotlight top considerations for foreign companies engaged in HR restructuring in China to ensure compliance with labor standards.