What do you think when you hear “corporate compliance”? In China topic of corporate compliance remains a concern and a risk for many companies due to rapid change of policies,...
The Ministry of Finance and the State Administration of Taxation jointly issued the <Announcement Relating to the Pre-tax Deduction of Advertising and Business Promotion Expenses> (Cai Shui [2020] No....
Christmas is coming and to focus on spending it with the loved ones without concerns about the tax bureau please see the following updates and make sure you have...
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...
