Whether to migrate operations to China
2011.02.28
If you work for a manufacturing company or retail company and have not yet moved operations beyond domestic borders, someone in your company has likely asked in the past year, Should we source from China? The big question for the uninitiated is of course is: Should we go into China?  The answer depends in part on your company’s products.  Most analysts note that China excels at sourcing components or goods made on templates, such as furniture, toys, and consumer electronics and...

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Corporate Income Tax Updates
2017.07.31
Enterprise Income Tax (EIT) Tax rate unification From January 1, 2008, China began unifying the rates of corporation tax that different business entities were paying. This means that the preferential tax rates that foreign invested enterprises were paying are set to disappear and the standard tax rate will become 25% for all. Phase-in period For those enterprises current enjoying preferential tax rates, there will be a phase-in period as follows: 2008 – 18% 2009 – 20% 2010...

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New Rules Issued on the Administration of VAT Exemption for Cross-border Taxable Activities
2017.09.20
Reference China’s State Administration of Taxation issued guidance (Bulletin [2016] No. 29) on 11 May 2016 that clarifies the administration of the VAT exemption for cross-border taxable activities. China’s VAT fully replaced the business tax on 1 May 2016, with the inclusion of the last four sectors (i.e. construction, real estate, financial services and lifestyle services) within the scope of VAT; VAT now applies across the country to all sectors of the economy. The main guideline...

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