Tax, social, legal and accounting news and information for businesses.
SAT Clarification on Enterprise Income Tax-related Documents
SAT issued an announcement late December 2016 clarifying the documentation (...)
SAT Implements EIT Preferential Policies with Wider Coverage for Small Low-profit Enterprises
The Announcement clarifies that beginning on January 1, 2017 and (...)
SAT Further Details the Preferential EIT Policies for High-tech Enterprises
The Announcement N.56 stipulates that an enterprise, after being (...)
Clarifications on VAT Levied on Asset Management Products
The Circular n.56, jointly issued by MOF and SAT, has (...)
State Administration of Foreign Exchange Requires Banks Report Overseas Transactions over CNY 1,000
The Circular states that, starting from September 1st, 2017, Chinese (...)
EU- China Summit: 200 Geographical Indications to be Protected
During the 19th EU - China Summit, the Directorate General (...)
New Tax Policies for Venture Capitalists and Angel Investors
Good for taxpayers, the announcement states that a corporate partner (...)
SAT Monitors Issuance of VAT Invoices
Effective July 1st, it will NOT be possible anymore to (...)
Non-Residents of China Require New Due Diligence
According to the Measures, a non-resident or a passive non-financial (...)
New Pre-Tax Deductions for Cosmetic, Medicine, and Beverage Advertising
According to the Circular, all advertising expenses and business promotin (...)
GAC Modifies Protocol for Customs Declaring
China’s GAC announces 12 notable revisions to the customs declaring (...)
SAT Promoting VAT E-Invoices
The SAT is promoting the use of VAT E-Invoices to (...)