Other Briefings
Hong Kong Removed from EU Watchlist Following Changes to Regulations on Foreign-Sourced Income
Under new rules on foreign-sourced income exemption, MNEs that don’t meet certain substance requirements may be taxed on some types of income derived overseas.
China Annual IIT Reconciliation in 2024: Everything You Need to Know
June 30 is also the deadline for China’s annual IIT reconciliation for the year 2023. Individual taxpayers who have not yet completed this process should act promptly.
China Extends 15% CIT Rate to Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone
Certain businesses in Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone (HTCZ) will qualify for a 15 percent corporate income tax (CIT) rate. We discuss the eligibility criteria and explain China’s preferential CIT policy.
China Monthly Tax Brief: January 2024
In this monthly China tax brief, we highlight January 2024 policies and measures announced for supporting businesses, expanding market access, facilitating cross-border tax payment and refund, and increasing tax certainties.
Preparing for the Year of the Dragon: HR Strategies and Travel Trends During Chinese New Year 2024
From arranging additional leave to issuing annual bonuses, here’s how HR teams can prepare for the eight-day Chinese New Year holiday.
VAT Refund for Hiring Disabled Employees: An Explainer
China grants businesses VAT refunds for hiring disabled employees. In this article, Amber Liu, Senior Manager of Accounting and Tax Services at Dezan Shira & Associates, explains everything you should know about this policy.
Asia Transfer Pricing Brief: Q4 2023
In our Asia Transfer Pricing Brief for Q4 2023, we discuss annual peer reviews of BEPS Action 13 and BEPS Action 5 as well as the MAP statistics released for 2022 and offer advisory on best practices for MNEs.
Annual Filing of Stamp Tax on Business Account Books before January 15: FAQs
China taxpayers must complete stamp tax declaration and payment by January 15 if there has been an increase in tax items, such as “paid-in capital” and “capital reserve,” in the 2023 business account books.
