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Here you will find information about our company’s events organization to accounting, tax and consulting topics on which regulators in China are about to publish, enforce or change regulations and requirements.

Furthermore you can via this page also access our Focus China Blog. Be ready for monthly updates in form of articles from our professional auditors and tax consultants, and news of events and changes in China’s tax laws as they happen.

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Switch from General VAT Taxpayer to Small-Scale Taxpayer

Author：Helen FANG
Date：2019-01-15

In April 2018, Ministry of Finance and State Administration of Taxation has published the tax circular to unify the criteria of General VAT Taxpayer. Under the new policy, the standard of General VAT taxpayer for industrial and commercial enterprises has been raised to 5 Million RMB, which show the approach of the conciseness in the tax system.? The General VAT Taxpayer, who meets certain conditions simultaneously, may switch its status into a Small-Scale Taxpayer (following to be referred as “Switch”) or opt to continue to be a General VAT Taxpayer.? Following we would like to introduce the related policies of the Switch.

EXPRESS - Circular on Expanding the Applicable Scope of the Policy of Temporarily Not Levying the Withholding Tax on Distributed Profits Used by Overseas Investors for Direct Investment

Author：Yi WANG
Date：2019-01-15

On September 29, 2018, Ministry of Finance and State Administration of Taxation released “Circular on Expanding the Applicable Scope of the Policy of Temporarily Not Levying the Withholding Tax on Distributed Profits Used by Overseas Investors for Direct Investment” (Cai Shui [2018] No.102).

EXPRESS - IMPORTANT INFO--Update to Individual Income Tax law reforming

Author：Jay SU
Date：2018-12-31

Before the last working day of 2018, we finally get the new regulation arrived-Caishui[2018]No.164, which we’ve been waiting for a long enough time. It is the topic which we may already discussed, after the new individual income tax law (“IIT” law) and its implementation rules, a lot of old regulations especially for the foreign tax relevant affairs are not applied to the new law’s system any more. But those old rules are still not abolished or amended. Now it is clear that for a smooth switch between the new and old, some of the important tax benefits will be remained for a certain period as transitional policies. Now below points you may want to know: