Beijing has rolled out tax relief and other beneficial policies such as more favourable loan rates and rent exemptions, rather than cash handoutsSome Omicron-hit regions such as Shanghai and Tianjin are also implementing local support measures,Read More
The service industry and small businesses in China will benefit from a series of new relief measures ranging from tax exemptions to monetary support from financial institutions. The beneficial policies target some ofRead More
From April 1st, for the direct flights from the United States to China, the original report of the antigen test will be needed before passengers boarding, and the health code will continue to beRead More
Hong Kong 2022-23 Budget (2022-23 Budget) announces pending plans worth over HK$170 billion to boost the economy and maintain public confidence. To be more specific, the Budget will continue to adopt an expansionary fiscal policy with initiativesRead More
The fifth session of the 13th National Committee of CPPCC had it closing ceremony at the Great Hall on March 10th. But have you known about the new changes mentioned in the government work report? ThisRead More
Nearly a quarter of overseas nationals working in China are based in Shanghai, at 215,000 people, the highest proportion in the country, according to the latest data. It is a top destination for overseas returnees who are educated abroad andRead More
According to China’s Ministry of Commerce, the number of foreign-invested companies newly established in China in the first 11 months of 2021 was 43,370, rising 29.3 percent year-on-year. Gao Feng, a spokesperson of the Ministry of Commerce said that, the relevant departments andRead More
Annual Individual Income Tax declaration will start on March 1st. Q1 Who ? Resident individual whose Tax withheld is more than tax payable in 2021 and the taxpayer would like to apply forRead More
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 plansRead More
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) andRead More
