China Monthly Tax Brief: September 2023
In this China Monthly Tax Brief, we discuss the roll-out or extension of 16 tax policies announced in September and support measures for FIE enterprises liberalizing cross-border capital flows and optimizing the foreign investment environment.
Shanghai and Beijing Take Crucial Step in Liberalizing Cross-Border Capital Transfer
Beijing and Shanghai are set to liberalize the inflow and outflow of foreign capital for foreign companies and employees.
China’s Tax Incentives for the Manufacturing Sector in 2023
We provide an overview of preferential tax policies aimed at promoting growth, innovation, and investment in China’s manufacturing sector.
Does Your Business Qualify for China’s Reduced 15% CIT Rate? Defining “Substantial Operations” in Key Development Zones
To be eligible for the reduced 15% corporate income tax rate, companies must prove they have “substantial operations” in certain areas. We explain what the requirements are.
Shanghai Looks to Attract Foreign Investors with New Measures
Shanghai is seeking to boost foreign investment and improve its business environment with new measures to attract foreign investors and businesses.
Preparing for China’s Annual CIT Filing: Guidelines for Non-Resident Enterprises
With the deadline for the 2022 annual CIT filing at the end of May, we look at the requirements for non-resident enterprises.
Preparing for China’s Annual CIT Filing: Have You Exhausted All CIT Incentives?
The annual CIT reconciliation is a good chance of the year for companies to examine if they have exhausted all possible tax incentives. In this article, we introduce the major CIT incentives offered in China
Investing in Nansha: New 15 Percent CIT Rate Applied for Companies in Key Industries
Nansha District of Guangzhou is an important manufacturing and trade hub in the GBA. We discuss what makes it a magnet for foreign investors.