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PRD Set to Have World’s Most Advanced Information Infrastructure by 2020

14 Aug 2018

By 2020, the Pearl River Delta region is set to have the world’s most advanced information infrastructure, while the whole of Guangdong will have high-speed fibre-optic internet connections and both G...Read More


Mainland Tech Firms Gain Extended Loss Offset Entitlement

10 Aug 2018

With effect from 1 January 2018, any mainland business accredited as a designated high new technology enterprise (or as a small/medium-sized technology company) is to be permitted to offset any losses...Read More


China Matches US Tariffs with Levy on Additional US$16 Billion of Imports

9 Aug 2018

China is to impose import surcharges of 25% on an additional 333 categories of US-origin goods as of 23 August....Read More


China Imposes Retaliatory Import Tariffs on US$60 Billion Worth of US Goods

7 Aug 2018

Following the 2 August decision by the US government to raise the proposed additional tariffs on US$200 billion worth of Chinese goods from 10% to 25%, the Customs Tariff Commission of China’s State C...Read More


Small Business Income Tax Threshold Raised to RMB1 Million

6 Aug 2018

The annual taxable income threshold of low-profit small and micro businesses has been raised from RMB500,000 to RMB1 million for the period January 2018 and 31 December 2020, according to a joint stat...Read More


China Greenlights 22 Additional Cross-Border E-Commerce Pilot Zones

3 Aug 2018

A further 22 Cross-Border E-Commerce Pilot Zones are to be set up across the mainland by order of the State Council....Read More


Registration and Update Procedures for Foreign-Invested Businesses Revised

19 July 2018

In order to streamline the record maintenance procedures relating to the registration of foreign-invested enterprises (FIEs), the Ministry of Commerce (MOFCOM) has recently issued the Decision to Amen...Read More


China Confirms Tax Cuts for Technologically-Advanced Service Companies

16 July 2018

Duly-accredited Technologically-Advanced Service Companies (TASCs) will be eligible to pay corporate income tax at a reduced rate of 15% as of 1 January 2018 under a new initiative jointly launched by...Read More


CEPA Zero Tariff Extended to Hong Kong Pineapples, Titanium, Vitamins and Motors

13 July 2018

Mainland imports of four further categories of Hong Kong-originated goods are to be zero-tariffed from 1 July this year onwards....Read More


China Set to Turn Economic Windfall to Environmental Benefit

4 July 2018

In line with expectations of improved economic growth, the State Council has resolved to leverage upon this upturn in financial performance in order to take action against the deterioration in air qua...Read More


China Imposes Retaliatory Tariffs on US$50 Billion Worth of US Imports

29 June 2018

China is to impose additional import duties of 25% on some US$50 billion worth of US imports. The move, announced by the Customs Tariff Commission of the State Council, will affect 659 product categ...Read More


China Commits to Expanding Imports, Cutting Tariffs and Promoting Trade in Services

28 June 2018

China is looking to increase its import of everyday consumer items, as well as medical, rehabilitation and senior care devices....Read More


Accelerated Depreciation of New Equipment Purchases Allowed on Corporate Income Tax

26 June 2018

Mainland businesses have been given the go-ahead to deduct the full cost of new equipment (those with unit cost up to RMB5 million) – from the taxable corporate income in the purchase year....Read More


China Scraps Customs Clearance Manifests in Favour of Online Processing

25 June 2018

As of 1 June 2018, the use of Customs Clearance Manifests for inbound / outbound cargo has been scrapped in line with a new directive from the General Administration of Customs (GAC)....Read More


China Cuts Average Import Tax on 1,449 Consumer Products by 60%

22 June 2018

Import tariffs on some 1,449 consumer products are to be cut as of 1 July this year. The move, which will affect a wide range of goods, including cosmetics, pharmaceuticals and home appliances, was ap...Read More


China Customs Reappraises Solid Waste Pre-Shipment Inspection Agencies

21 June 2018

The General Administration of Customs (GAC) is to have a watching brief over all pre-shipment inspection agencies active in the imported solid waste sector, while also being responsible for overseeing...Read More


China Business Registration Time to be Cut From 20 Days to 8.5 by Mid-2019

19 June 2018

The processing time for the registration of a new mainland business is to be cut from 20 working days to just 8.5 on average by the end of Q2 2019....Read More


China Cuts Import Tariffs and Bolsters Access and Support for Overseas Investors

8 June 2018

Overseas investors are to get improved market access, while their legitimate interests are to be better protected, according to a number of decrees issued by the State Council in the wake of its 30 Ma...Read More


China Customs Updates Enterprise Credit Management System

7 June 2018

New credit management procedures have been introduced by China’s General Administration of Customs (GAC)....Read More


Guangzhou Looks to Upgrade Local Cross-Border E-Commerce Resources

5 June 2018

Guangzhou has adopted a number of measures intended to bolster the transformation and upgrading of its traditional foreign trade....Read More

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