China is constantly at the forefront of innovation and digitization. Accounting and taxation are no exception. The Chinese government will advance the application and use of digital invoices (regular and...
From the perspective of not increasing the burden on enterprises, helping enterprises to tide over the difficulties of the epidemic, and conducive to economic recovery, in accordance with the...
Recently, the Notice (Guo Shi Jian Zhu (2020) No. 129国市监注〔2020〕129号), aimed at further optimizing the procedure of establishment of new enterprises, has been issued together by SIX national government...
Buying a company is not an easy task and is usually very time-consuming. The merger and acquisition (M&A) process require careful planning. Here is a list of most 5 common...
Selling a company is not an easy task and is usually very time-consuming. The merger and acquisition (M&A) process require careful planning and competent professionals assisting the target company. Here...
SONG (Service On New Grounds), a China-based independent firm dedicated to regulatory affairs, accounting, and finance with world-class ethics and professionalism, is now celebrating its 1st anniversary of joining SFAI (Santa Fe Associates...
Taxpayers in China Personal Income Tax (PIT) is usually been identified as Individual Income Tax (IIT). In China, the taxpayers of PIT include both Resident Individual Taxpayers and Non-resident Individual...
In March 2020, the Ministry of Finance and the National Archives Administration issued a Notice* on the reimbursement, entry, and filing of electronic accounting vouchers, which clarified the legal...
What is the ‘base’? The social insurance includes: ‘Endowment Insurance’, ‘Medical Insurance’, ‘Unemployment Insurance’, ‘Maternity Insurance’, and ‘Industrial Injury Insurance’ with different ratios. Both employee and enterprise have their proportion...
The website is a part of the company that became a must. Doesn’t matter if you are a multinational company or a freelancer, and how many different social channels...
