During the operation and investment cycles of multinational companies in China, there will always come a time where the China subsidiaries will need to make remittance.

Executive summary

The Ministry of Finance and the State Administration of Taxation (STA) have recently promulgated a series of tax incentives for enterprises in the manufacturing industry and others, as well as small, medium and micro enterprises, with a new combined...

The extension of the individual income tax (“IIT”) preferential policies, which received great public interest, has finally been announced just before the New Year’s celebrations. On December 29th, 2021, Premier Li Keqiang hosted an executive...

The extension of the individual income tax (“IIT”) preferential policies, which received much attention, have finally been confirmed as the New Year's bell is soon to ring. On December 29th, 2021, Premier Li Keqiang hosted an executive meeting of...

To implement the measures of the State Council to encourage enterprises to increase R&D investment and to optimize the implementation of the super-deduction of R&D expenses policies ("RDSD policies"), on 13 September 2021, China’s State Tax...

The OECD issued an announcement that 130 jurisdictions (including China, India and the USA) have agreed to join an international tax reform plan under the Inclusive Framework of Base Erosion and Profit Shifting led by the OECD and G20 (“Two-pillar...

Faced with the impact of the Covid-19 pandemic in 2020 and the sharp decline in global transnational direct investment, China's actual use of foreign capital throughout the year has grown against the trend, achieving "three increases”, in total...