CHINA   Minimum wages continue to rise. Starting in 2022, Shenzhen and Henan raised their minimum wage standards from January 1, while Chongqing and Fujian will raise their minimum wage standards from April 1. Meanwhile, Hebei province has announced that it plans

In this article, we introduce the major tax incentives for small businesses, including corporate income tax (CIT) cuts for small and low-profit enterprises (SLPEs), individual income tax (IIT) reduction for small business owners, as well as concessions on value-added tax (VAT) and

HONG KONG Every year, Hong Kong Companies shall complete the profit tax return and submit it to Inland Revenue Department, and usually it’s a coming peak for accounting and audit. Profit Tax Returns

The American Chamber of Commerce in China said that a US-China travel fast-track program, which allows for US business people and their families to travel more easily to China amid the COVID-19 pandemic, officially became effective on

Lin-gang Special Area  At the beginning of New Year 2022, as the business investment agency, Elite Stage was invited to take part in 2022 China (Shanghai) Pilot Free Trade Zone Lin-gang Special Area International

Negative List China will continue to shorten the negative list for market access this year, as part of the country’s ongoing efforts to optimize its business environment and introduce greater opening-up, according to analysts. The government’s

the Customs Tariff Commission of the State Council (‘the commission’)  will adjust import and export tariffs on selected goods in 2022 in a bid to support high-quality development and opening up, the Ministry of Finance (MOF)

To encourage exports, the Chinese government formulated and implemented a series of policies of which the export tax rebate is one of the most important. For trading companies in China, it should pay more attention on export tax

Whether an audit is effective or not makes a big difference in a company’s governance and development in the long run, though it is not easy to identify the audit effectiveness right after the process.

China healthcare industry is currently ranked the second largest in the world behind the US. The market has grown at a consistently rapid rate in the past five years, and in 2019, the market reached RMB 7.82 trillion,