China’s Permanent Residence Card | Requirements to be softened?
The Permanent Residence Card or the Chinese "green card", issued to foreigners by China authorities is a type of residency permit that allows foreign nationals to live and...
BREAKING: Tourist (L) Visa Reopen | China Travel Restrictions & Advisory
China is now fully open! In order to better coordinate the epidemic prevention and control as well as the needs of economic and social development, and to facilitate...
How will BEPS 2.0 impact mainland China and Hong Kong?
As mentioned in our previous article, the «Multilateral Convention on the Implementation of the Relevant Tax Treaties on the Prevention of Base Erosion and Profit Shifting (BEPS)» entered...
Practice: Retroactive Period for Periodical Deferral of Social Insurance
On 3rd November 2022, the Shanghai Municipal Bureau of Human Resources and Social Security, and five other departments jointly issued another notice to explain the payment policy for the...
When Receiving a False Special Invoice, What Should an Enterprise Do? (ⅠⅠ)
(Continued from the previous article) Provision on bona fide acquisition of false special invoices «Circular of the State Administration of Taxation on the Settlement for the Taxpayers Obtaining the...
When Receiving a False Special Invoice, What Should an Enterprise Do? (Ⅰ)
At the beginning of 2023, a number of enterprises responded that they have received a notice named Notice of Tax Inspection from the local tax authorities, which is...
Attention to the accounting treatment in the wake of the coronavirus (ⅠⅠ)
(Continued from the previous article) How to measure correctly rent expenses based on rent relief policy During the period of coronavirus lockdown control management, although companies stop working and...
Attention to the accounting treatment in the wake of the coronavirus (Ⅰ)
The impact of the coronavirus on China and the world has been lasting for more than three years, especially strong in December 2022, along with the update of...
China Clarifies 2023 VAT Incentives for Small-Scale Taxpayers
The Ministry of Finance (MOF) and the State Administration of Taxation (SAT) jointly issued an Announcement on Clarifying the Policies on VAT Reduction and Exemption for Small-Scale VAT...
After Class B and B management | What to do when your employees are infected?
Starting from January 8, 2023, "Class B and B management" is implemented for novel coronavirus infections. In our last article, we shared the content of the announcement, including...