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Reminder for the 2023 Annual IIT Reconciliation
In China, the months from March to June are busy for the annual reconciliation of individual income tax (IIT). You will find key information for your reference in this article.
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Reminder for the 2023 Annual IIT Reconciliation
The annual individual income tax (IIT) reconciliation is currently underway. According to the IIT Law and its implementation...
China Expands Foreign Access to Value-Added Telecom Services
This announcement introduced a pilot project that aims to eliminate foreign ownership restrictions in select domestic value-added...
Foreigners’ Guide to China’s Payment Solutions
As an increasing number of foreign nationals come to work, study, and live in China, becoming acquainted with and utilizing various...
Transition Period for New Registered Capital Rules in China
The revised Company Law mandates that shareholders of limited liability companies (LLCs) must fulfill their capital subscription...
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Accounting & Tax | View all
Reminder for the 2023 Annual IIT Reconciliation
In China, the months from March to June are busy for the annual reconciliation of individual income tax (IIT). You will find key information for your reference in this article.
An Overview of PRC Tax System and Administration(2023 Updated)
To maximize return on investment and minimize risks, it’s crucial for investors to have a comprehensive understanding of the People’s Republic of China (PRC) tax system and the associated costs before making the final investment decisions.
Cost of Hiring Employees in China 2023
China has the largest labor market in the world and has long been a strategic location for many manufacturers and labor-intensive industries to set up operations. However, as the Chinese economy continues to grow and wages rise, so does the cost of hiring in China.
Legal | View all
Transition Period for New Registered Capital Rules in China
To effectively implement the new requirements of the revised Company Law for the registration of capital, standardize the management of company registration capital, the State Administration for Market Regulation recently released a draft version of the “Provisions on the Registered Capital Registration Management System.”
China Adopts Company Law Revisions to Strengthen Governance
China’s lawmakers approved the amended Company Law, which is set to be effective from July 1, 2024. This revision impacts several key areas of corporate formation, management, and governance.
Case Study | Integra Group Assists a German Client in Achieving Data Compliance in the China Market
Integra Group (‘Integra’) has recently assisted a German-owned enterprise in successfully implementing a comprehensive data compliance project in China.
The successful completion of this project marks a significant resolution of compliance issues in the China market. It has raised awareness among employees and established a robust framework for the company’s ongoing and stable operations.
Policy & News | View all
China Expands Foreign Access to Value-Added Telecom Services
The Ministry of Industry and Information Technology (MIIT) of China recently issued the Circular on the Pilot Scheme for the Further Opening of Value-Added Telecom Services to Foreign Investment (“Circular”).
Foreigners’ Guide to China’s Payment Solutions
This article aims to provide an overview of the payment options and tools available to foreigners in China. From traditional bank transfers to mobile payment platforms like Alipay and WeChat Pay, the landscape of financial transactions in China is both diverse and technologically advanced.
New ID Card For Foreign Permanent Resident:What You Need to Know
The National Immigration Administration (NIA) of China announced that it would be releasing a new version of the foreign permanent resident ID card starting December 1, 2023.