Optimizing Tax Benefits Through One-Off Deduction Policy for Fixed Assets Under RMB 5 Million
Qualified fixed assets that meet specific criteria are eligible for a one-off deduction before corporate income tax in China. This article demonstrates the details of this policy by explaining two real examples.
E-Invoicing in China: Fully Digitalized E-Fapiao for Civil Aviation from December 1
The State Taxation Administration has announced the promotion of fully digitalized electronic invoices for civil aviation passenger transport, effective from December 1, 2024.
China and Italy New Double Taxation Agreement to be Effective in 2025
The new China-Italy DTA breaks down many of the barriers that obstructed cross-border trade, investment, and knowledge exchange between the two countries.
China Monthly Tax Brief: October 2024
In this monthly China tax brief for October 2024, we spotlight policies and measures just announced or scheduled for implementation.
Annual Compliance Requirements in China: A Step by Step Guide
With the onset of November, companies should consider initiating a preliminary audit. This process is designed to plan the annual audit, identify potential issues, and allow sufficient time for companies to make self-corrections.
Asia Transfer Pricing Brief: Q3 2024
In our Asia Transfer Pricing Brief for Q3 2024, we present the latest updates and new guidelines on transfer pricing from the OECD.
China Manufacturing Tracker: 2024-25 (Updated)
Our new tracker providing continuous updates of key economic and growth indicators in China’s manufacturing industry.
An Introduction to Doing Business in China 2024/25 for Polish Companies – New Publication Out Now
This business guide is designed to support Polish businesses in their first steps towards implementing their China strategy. It offers the latest updates on doing business in China and insights into the Sino-Polish relationship.