Now! China

Now! China - July 2020

13 July 2020
Deferred Payment of Income Tax for Small, Low-profit Enterprises and Individual Business

Now! China - November 2019

4 November 2019
In order to achieve high-quality development of comprehensive bonded zones, the State Taxation Administration, the Ministry of Finance and the General Administration of Customs jointly released the “Announcement of the State Taxation Administration (2019) No. 29”. The Announcement was made effective on 8 August 2019.

Now! China — April 2019

6 May 2019
China is considering the inclusion of punitive damages in all intellectual property rights (IPR) laws with the aim of ensuring adequate deterrence and coverage of losses due to IPR infringement.

Now! China — February 2019

12 March 2019
A circular issued by the State Administration of Taxation on 1 February 2019 states that a taxpayer who received an annual compensation exceeding RMB120,000 in 2018 is not required to file the 2018 individual income tax return, unless he or she falls into certain situations.