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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


China Streamlines Export Tax Refund Procedures

1 June 2018

Export tax refund (exemption) declaration procedures have been streamlined as of 1 May this year....Read More


China’s Animation Industry to Enjoy Preferential VAT Terms

23 May 2018

China’s animation sector is set to benefit from a series of extended preferential VAT entitlements, according to a recent statement jointly issued by the Ministry of Finance and the State Administrati...Read More


China Increases Restrictions on Solid Waste Imports

18 May 2018

Further restrictions on the import of solid wastes to China have been jointly announced by the Ministry of Ecology and Environment, the Ministry of Commerce and a number of other government bodies....Read More


Clarification Issued Over Jurisdiction for Price-Related Online Complaints

17 May 2018

Moves have been made to clarify the jurisdiction in which price-related complaints regarding online transactions are to be handled....Read More


China Streamlines Business Registration Procedures

15 May 2018

The required procedures for registering a new business in China have been further streamlined following a directive issued by the State Council on 2 May this year....Read More


China Moves to Integrate Customs and Inspection/Quarantine Declaration Procedures

11 May 2018

Pursuant to the Plan for Deepening the Reform of Party and State Institutions, the General Administration of Customs (GAC) has moved to combine the qualifying requirements for customs declarations and...Read More


China Streamlines Small-Scale VAT Eligibility Criteria

10 May 2018

VAT procedures for small businesses have been simplified as of 1 May this year. According to a joint statement issued by the Ministry of Finance and the State Administration of Taxation, this involves...Read More

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