In order to further encourage enterprise Research and Development (R&D) and innovation, and to promote the high-quality development of the integrated circuit industry, the State Administration of Taxation (SAT),...
Cross-border mergers and acquisitions (M&As) present unique opportunities for growth and expansion, but they also come with significant tax challenges. Going through the different local tax laws, international treaties,...
In today's globalized economy, efficient and transparent financial transactions are vital for businesses of all sizes. In this pursuit, governments worldwide continually update and refine their regulations surrounding invoicing...
On the evening of 1 September, the website of China National People's Congress has published the Company Law of the People's Republic of China (Third Revised Draft) for public...
On 31 August 2023, the State Council issued a «Notice on Increasing the Standard for Special Additional Deductions for Individual Income Taxes», raising the pre-tax deduction standards on certain...
In this article, we will continue to introduce each of these measures to foreign investors or interested readers. «Shanghai Municipality to increase the attraction and utilization of foreign investment measures» Authority:...
On April 6, 2023, the General Office of the Shanghai Municipal Government simultaneously promulgated the «Notice by the General Office of the Shanghai Municipal People's Government of Issuing the...
On August 18, 2023, the Ministry of Finance and General Administration of Taxation released two announcements in order to reduce the burden on taxpayers in China. One is that...
#1 «Announcement on the Policy of Reducing and Exempting Value-added Tax for Small-scale Taxpayers of Value-added Tax (VAT)» http://www.chinatax.gov.cn/chinatax/n359/c5210417/content.html Authority: Ministry of Finance General Administration of Taxation Announcement Symbol: No.19 of 2023 Issued...
The difference between EBIT & EBITDA metrics and Net Profit is an ongoing concern for investors. So, what are the differences between them? In this article, we will analyze...
