China to Pilot Water Tax Nationwide: What Does It Mean for Businesses
Starting from December 1, 2024, China will implement a pilot water tax nationwide, replacing the current water fee charging mechanism. The cost burden of water usage for residents and general industrial and commercial activities will remain unchanged.
China Tax Filing: Apply for Super Deductions of R&D Expenses for Q1-3 2024 in October
China’s tax authority reminds taxpayers that they can apply for the super deduction of R&D expenses for the first three quarters of 2024 during the October filing period.
China Monthly Tax Brief: September 2024
In this monthly China tax brief for September 2024, we spotlight policies and measures just announced or scheduled for implementation.
Accounting Digitalization in China: Managing the Impact of Fully Digitalized E-Fapiao and the New Accounting Law
China’s accounting is transforming with digitalization of the e-fapiao and the new Accounting Law, improving efficiency and compliance. Enterprises must adopt digital tools for accurate financial management and regulatory adherence.
Stay Alert: Guide to Preventing New Types of Fraud for Financial Staff
New types of fraud targeting corporate finance personnel are diverse and continuously evolving with technological advancements. We explain the common fraud methods and strategies to prevent unnecessary losses.
Cost Reduction Strategies in China – New Publication Out Now
In this issue of China Briefing magazine, we delve into the most effective cost-reduction strategies observed in Chinese business practices, encompassing both immediate cost-saving measures and long-term approaches to boost operational efficiency and competitiveness.
Shenzhen Reopens GBA IIT Subsidy Applications for 2024
Shenzhen has decided to accept supplementary declarations for GBA IIT subsidy. The application period is from September 10, 2024, to October 10, 2024
Asia Transfer Pricing Brief: Q2 2024
In our Asia Transfer Pricing Brief for Q2 2024, we present the latest updates and new guidelines on transfer pricing from Malaysia, Singapore, and the OECD.