Other Briefings
China Monthly Tax Brief: August 2024
In this monthly China tax brief for August 2024, we spotlight policies and measures just announced or scheduled for implementation.
Tax Filing for Outbound Payments in China: A Complete Guide
When an individual or organization in China makes a single outbound payment to overseas entities that exceeds the equivalent of US$50,000, the payer must complete tax filing for outbound payments with the local branch of the STA, with limited exceptions.
China’s New Circular Eases Taxpayer Relocation
China’s State Taxation Administration will streamline taxpayer relocation from September 1, 2024, with proactive guidance, simplified procedures, and enhanced post-relocation services.
China Monthly Tax Brief: July 2024
Highlights from this monthly China tax brief include multiple tax incentives for encouraging green development, supporting listed SMEs, and guiding M&As.
Hong Kong’s New Patent Box Regime: A 5% Tax Concession for Qualified IP Income
The patent box tax concession in Hong Kong was enacted on July 5, 2024. Taxpayers who meet specific requirements can be charged profits tax at the concessionary rate of 5 percent instead of the normal profits tax rate of 16.5 percent.
China Offers Special Equipment Tax Incentive for Green and Digital Development
The new incentive allows companies to deduct investments in digital and smart upgrades of special equipment from their corporate income tax.
Tax Audit in China: A Complete Guide
In this article, we provide a comprehensive guide to tax audits in China, including typical processes, recent trends, as well as practical case studies.
China Monthly Tax Brief: June 2024
Highlights from this monthly China tax brief include the increased duty-free quotas for Hong Kong and Macao residents entering the mainland, the tax policy regarding temporary import repair in the Shanghai FTZ, and Shenzhen’s new measures to attract foreign investment.
