On 16 January 2023, the State Administration of Taxation (SAT) announced the tax preferential policy for individual income tax aiming at the equity incentives will be extended to December 31st, 2023. We summarize down below key takeaways.
Following the notice announced by the State Taxation Administration on December 27th, 2022, we enclosed the newsletter in regard of the 2023 tax filling calendar for your perusal.
Jan 2023 - Tax filling calendar 2023 in China
Following the notice announced by the State Taxation Administration on December 27th, 2022, we enclosed the newsletter in regard of the 2023 tax filling calendar for your perusal.
Jan 2023 - The extension of the preferential policy for individual income tax
On 16 January 2023, the State Administration of Taxation (SAT) announced the tax preferential policy for individual income tax aiming at the equity incentives will be extended to December 31st, 2023. We summarize down below key takeaways.
We wish to remind you that the small and micro enterprises (SMEs) with annual taxable income below CNY 3M shall be taxed at a preferential Corporate Income Tax (CIT) rate, we summarize hereafter the main measures for your information.
Dec 2022 - Several measures related to international travels are announced
The State Council announced several measures related to international travels, which will take effect on January 8, 2023.
These measures release the current travel restrictions in place such as health code applications, PCR test and quarantine obligation upon arrival in China.
With the introduction and promotion of fully digitalized invoices, your business is likely to encounter such transformation in the near future. In this newsletter, we present key points about fully digitalized invoices and the impact on your operations.
When a Chinese entity provides services to an oversea legal entity, the services’ invoices given by the Chinese entity are subjected to the Chinese VAT. In a specific situation, the Chinese entity may apply for VAT Exemption or 0% VAT rate.
In this newsletter, we will describe the differences between VAT exemption and 0% VAT rate and those you may have to operate when you apply for them.
