21 October 2022

Foreign High-Tech companies in China | Rising opportunities

On October 16th, 2022, in his opening speech of the 20th Party Congress, Xi Jin Ping, President of the People’s Republic of China, stated that one of China's overall development objectives for the year 2035 was for China to join the ranks of the...
Tax considerations in cash remittance from China
5 July 2022

Tax Considerations in Cash Remittance from China

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.
China Tax Incentives
26 April 2022

Alleviating enterprises pressure | An overview of the most recent combination of tax incentives

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...
China Tax Alert
14 January 2022

China Tax Alert: Extension of Individual Income Tax Preferential Policies

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...
China Tax Alert - IIT Preferential Policies
31 December 2021

Tax Alert: Extension of Three Major Individual Income Tax Preferential Policies

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...
1 November 2021

Tax Insight: STA issued new guidance, enhancing tax preferential policies on super-deduction of R&D expenses

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...
Social Security - Tax Alert
10 September 2021

Human Resource & Tax Alert - Foreign Employees’ Participation in the Social Insurance Scheme in Shanghai, Mainland China

For the past decades, foreign employees as well as Hong Kong, Macau and Taiwan residents in Shanghai could be exempt of participating in the PRC social insurance scheme. From August 15th, 2021, this option may no longer be be applicable since the...
The Global Impact of Two-pillar Plan
12 July 2021

The Global Impact of the Two-pillar Plan

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...
6 July 2021

China Investment Spotlight: Regulation Update for Organization Structure of Foreign Direct Investment Enterprises - The Foreign Investment Law’s five-year transition period

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...
7 June 2021

What is the market in China known for ?

With transformation that began in the 1970s, China is today the world's largest manufacturing economy and exporter of goods and is also on track in becoming the world’s largest economy. With a population of about 1.4 billion, China is known for its...
31 May 2021

Business formation and entity choice in China

What are the most common types of businesses that can be established in China? Foreign investors are allowed to register the following types of entities for doing business in China: