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1.

China Announces Three-Year RMB10 Billion SME Development Initiative

16 Nov 2018

China’s central government has announced plans to allocate RMB10 billion from its special fund for the development of SMEs over the next three years....Read More

2.

Shanghai Streamlines Enterprise De-Registration System

14 Nov 2018

De-registering a Shanghai-based business is to be made easier and cheaper thanks to a new initiative launched by the Shanghai local government....Read More

3.

China Revises Classification and Dutiable Value of Imported Goods

12 Nov 2018

China’s General Administration of Customs (GAC) has issued revised editions of the Table of Imported Goods of the People’s Republic of China (PRC) and the Table of Dutiable Values of Imported Goods of...Read More

4.

R&D-Related Tax Incentives Introduced for China-Based Science and Technology Companies

2 Nov 2018

An enhanced R&D tax-deduction regime is set to be introduced for mainland businesses operating in the high-tech or scientific sectors....Read More

5.

China Looks to Optimise Export Tax Rebate Process

1 Nov 2018

The export tax rebate process is to be optimised and streamlined in line with a new directive from the State Administration of Taxation (SAT)....Read More

6.

Transitional Arrangements Announced for Products No Longer CCC-Approved

29 Oct 2018

Details regarding the transitional arrangements relating to products that no longer fall within the remit of the China Compulsory Certification (CCC) system have been released by the Certification and...Read More

7.

China Adjusts Personal Article Import Levy as of 1 November

19 Oct 2018

The import tariff applicable to items either carried by individuals arriving in China or posted to a named individual on the mainland from an overseas location is to be revised as of 1 November this y...Read More

8.

China Broadens Eligibility for Withholding Tax Deferrals by Foreign Reinvestors

18 Oct 2018

The eligibility for withholding tax deferrals on the direct investments made by foreign investors using distributable profits has been significantly broadened....Read More

9.

Guangdong Announces 2018 Water Pollution Control Priorities

12 Oct 2018

The Guangdong Provincial Environmental Protection Department recently issued its 2018 Work Plan for the Prevention and Control of Water Pollution....Read More

10.

China Trials Tax Free Cross-Border E-Commerce Exports in Designated Pilot Zones

10 Oct 2018

As of 1 October, cross-border e-commerce retail exports have been exempt from VAT and consumption tax in all Cross-Border E-Commerce Comprehensive Pilot Zones....Read More

11.

China Set to Introduce an Additional 1,585 Tariff Cuts as of November 1

9 Oct 2018

China is to reduce the Most-Favoured-Nation (MFN) tariff on 1,585 taxable items as of 1 November this year....Read More

12.

China Raises Export Rebate Rates for Certain Designated Products

8 Oct 2018

Further to the decisions of the 8 October State Council Executive Meeting, China has announced the details of VAT export rebate hikes which have been in effect since 1 November....Read More

13.

Guangdong Looks to Cut Costs for Manufacturing Sector

2 Oct 2018

Guangdong has announced 10 new measures intended to reduce costs of manufacturing companies....Read More

14.

Export Tax Rebates Raised for Electromechanical and Cultural Handicraft Products

28 Sept 2018

As of 15 September, the level of export tax rebates related to electromechanical goods and certain cultural handicrafts has been raised....Read More

15.

New E-Commerce Law Set for January 2019 Implementation

21 Sept 2018

New regulations governing the online sale of products and services are set to come into force as of 1 January 2019....Read More

16.

China to Impose Additional Tariffs on US$60 Billion Worth of US Imports from 24 September

20 Sept 2018

Following the US government announcement that, as of 24 September, additional tariffs of 10% will be imposed on US$200 billion worth of Chinese imports, with this additional tariff rising to 25% from ...Read More

17.

Three-Year Action Plan for Expanding and Upgrading Information Consumption

18 Sept 2018

In conjunction with the National Development and Reform Commission, the Ministry of Industry and Information Technology has recently issued the Circular on Issuing the Three-Year Action Plan for Expan...Read More

18.

China Commits to Development of Business Innovation and Entrepreneurship Platforms

17 Sept 2018

Three Chinese ministries have jointly backed a plan to support a group of development zones focussed on upgrades to the real economy, calling for the creation of distinctive platforms for innovation a...Read More

19.

Arrangement between Mainland and Hong Kong on Automatic Exchange of Financial Account Information in Tax Matters Comes into Effect

14 Sept 2018

On 11 September, the Hong Kong SAR Government announced that the arrangement on the automatic exchange of financial account information in tax matters (AEOI) between the Chinese mainland and Hong Kong...Read More

20.

Revised Individual Income Tax Law to Come into Force in January 2019

13 Sept 2018

New mainland income tax law for residents and non-residents are to come into force as of 1 January 2019....Read More

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