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1.

Shenzhen Small Businesses Set for Local Tax Reductions

18 March 2019

Shenzhen-based small businesses are set to benefit from a range of VAT-related local duty reductions, according to a circular recently issued by the city’s Tax Service....Read More

2.

China Announces Plans for Random Inspections in 25 Business Sectors

14 March 2019

Market regulation is to be enhanced, while the unified random inspection system is expected to be more widely deployed, according to a recent statement from the State Administration for Market Regulat...Read More

3.

China Announces Support for Bonded R&D in Comprehensive Bonded Zones

4 March 2019

Additional support is to be provided for bonded research and development (R&D) activities within China’s comprehensive bonded zones....Read More

4.

China Gives Go-ahead for Commissioned Processing in Comprehensive Bonded Zones

1 March 2019

Enterprises operating in comprehensive bonded zones may now use duty free equipment to process work commissioned from outside such zones, as well as on goods supplied from outside the zone....Read More

5.

Qianhai Looks to Woo High Level Staff via Financial Incentives

28 Feb 2019

The Qianhai Authority and the Finance Commission of Shenzhen have jointly announced the introduction of a series of income tax breaks, with the move intended to help attract a high level of experience...Read More

6.

China Streamlines Enterprise Deregistration Procedures

27 Feb 2019

A series of new measures aimed at simplifying the deregistration of businesses is to be introduced by the State Administration for Market Regulation....Read More

7.

China Steps Up Action on Counterfeit Goods

19 Feb 2019

Counterfeit, substandard and passing off goods are to face tighter control under a range of new measures set to be introduced by the State Administration for Market Regulation....Read More

8.

Guangdong Introduces Tax Cuts for Small Businesses

18 Feb 2019

Small businesses in Guangdong are to benefit from 50% exemptions across a range of taxes in line with a new directive jointly-issued by the Guangdong Department of Finance and the Guangdong Provincial...Read More

9.

China Endorses Use of ATA Carnets for Temporary Importation of Goods

15 Feb 2019

ATA carnets [internationally-recognised ‘product passports’] have been deemed an acceptable form of paperwork for the temporary ingress of certain categories of goods to mainland China....Read More

10.

China Outlines Measures for Sustainable Domestic Consumer Market Growth

14 Feb 2019

China has recently circulated its Implementation Plan for Further Optimising Supply, Promoting Steady Consumption Growth and Promoting the Formation of a Strong Domestic Market (2019)....Read More

11.

China Issues Clarification Regarding Small Business VAT Exemptions

13 Feb 2019

A clarification with regard to VAT exemptions for small business was issued by the State Administration of Taxation on 19 January....Read More

12.

China Outlines Amended Taxpayer Identification Requirements

8 Feb 2019

As of 1 January 2019, all Chinese citizens have been obliged to use their Citizen Identification Number as their Taxpayer Identification Number (TIN), while non-citizens must use the TIN issued to the...Read More

13.

China Announces Tax Concessions for Small and Micro-Businesses

31 Jan 2019

Any company with an annual revenue of RMB3 million or below will now be entitled to further preferential tax treatment as part of a raft of government measures designed to boost small and low-profit b...Read More

14.

China Announces Big Tax Cuts for Small Businesses

31 Jan 2019

As part of a raft of measures designed to nurture smaller business operations following the 9 January executive meeting of the State Council, the Ministry of Finance and the State Administration of Ta...Read More

15.

China Updates Dangerous Drug and Chemicals Import/Export Regulations

28 Jan 2019

New regulations with regard to the import/export of dangerous drugs and any substance deemed to be a potential component of a chemical weapon came into effect as of 1 January this year....Read More

16.

2019 Import and Export Tariff Schedules Announced

24 Jan 2019

Revised tariff schedules for 8,549 import and 102 export items came into force as of 1 January this year....Read More

17.

Wider Mainland Access Granted to Hong Kong Legal and Certification Services

23 Jan 2019

Joint mainland-Hong Kong partnership law firms will now be allowed to practise throughout Mainland China, while accredited Hong Kong testing companies may now work with mainland organisations on the t...Read More

18.

China Clarifies CEPA Origin Requirement Regulations

22 Jan 2019

The definition of goods of mainland / Hong Kong origin for the purposes of CEPA has been clarified. In line with this, goods wholly-produced on the mainland or in Hong Kong (or produced with approved ...Read More

19.

Mainland Cross-Border E-Commerce Operators Given 31 March Registration Deadline

21 Jan 2019

Cross-border e-commerce payment and logistics companies must be certified and registered with the customs authority by the end of March this year....Read More

20.

China Issues Updated Catalogue of Prohibited Electromechanical Imports

18 Jan 2019

A revised Catalogue of Used Electromechanical Products Prohibited from Import came into effect as of 1 January this year....Read More

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