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Economy & Trade

China Coronavirus Updates: Latest Developments and Business Advisory

08/05/2021

Our daily updates on the latest events as they occur, together with ongoing advisory on how best to manage your China business exposure during COVID-19.

China and Afghanistan: Bilateral Trade Relationship and Future Outlook

08/04/2021

Businesses should keep an eye on developments in the region to mitigate the risks caused by geopolitical complexities.

China’s Anti-Foreign Sanctions Law: How Businesses Should Prepare

08/03/2021

We examine the scope of China's Anti-Foreign Sanctions Law as political and economic tensions increase between Beijing and a number of foreign countries.

Belt and Road Weekly Investor Intelligence, #40

08/03/2021

We look at how US, UK, and EU businesses can take advantage of their respective FTA and DTA arrangements to expand trade and business with RCEP nations.

How EU Businesses Can Access the €21 Trillion RCEP Free Trade Market via Existing Agreements

07/30/2021

The EU is not a signatory to the RCEP agreement, but there are indirect ways in which EU businesses can access this market. We look at the possibilities.

How British Business Can Access China's New £18 Trillion Asia RCEP Free Trade Agreement via the Back Door

07/29/2021

Since the UK has free trade agreements with various member states of the RCEP, including Singapore and Vietnam, it could enjoy wider Asia market access.

Tax & Accounting

China’s New Stamp Tax Law: What are the Changes?

07/15/2021

China’s new Stamp Tax Law takes effect July 1, 2022, and will trigger simplification of tax compliance, changes to some tax rates, and new exemptions.

How Should Companies Prepare for the Special VAT E-Fapiao?

07/12/2021

We discuss how CFOs in China can prepare for the impact of the wider roll-out of special VAT e-fapiao on their existing procedures and operating systems.

GBA's Shenzhen Qianhai Extends 15% CIT for Qualified Enterprises Until End of 2025

07/09/2021

Qualified enterprises in Shenzhen Qianhai Area can enjoy 15% CIT until December 31, 2025 – China’s national CIT rate is 25%.

China’s Latest Corporate Income Tax Update for Six Items: Q&A

07/08/2021

China has clarified CIT treatment on six items, including COVID-19 charitable donations, convertible bonds, art assets, and cross-border hybrid investments.

E-Fapiao Compliance Management in China and Regulatory Requirements

07/06/2021

We explain how to ensure e-fapiao compliance management for businesses in China that purchase, obtain, transfer, and keep e-fapiao and relevant regulations.

China’s E-Fapiao System at a Glance

07/02/2021

China's e-fapiao system is an electronic VAT invoicing process that cuts red tape, streamlines compliance procedures, and seeks to prevent receipt abuse.

Legal & Regulatory

China Joint Venture: 7 Considerations to Reach a Successful JV Agreement

08/05/2021

A China joint venture is becoming the market-entry strategy of choice for many foreign investors since the COVID outbreak. We list some best practices.

China’s Anti-Foreign Sanctions Law: How Businesses Should Prepare

08/03/2021

We examine the scope of China's Anti-Foreign Sanctions Law as political and economic tensions increase between Beijing and a number of foreign countries.

Shenzhen’s New Data Regulations Explained

08/02/2021

Shenzhen's data regulations come on the heels of the national Data Security Law and the second revision of the draft Personal Information Protection Law. They cover the collection, storage, and transfer of personal data as well as tackle the under-regulat

China Bans For-Profit Tutoring in Core Education: An Explainer

07/30/2021

China has banned for-profit private tutoring firms in core education. FIEs in this sector have to stop engaging in such activities and change their business scope accordingly.

Artificial Intelligence in China: Shenzhen Releases First Local Regulations

07/29/2021

As a frontier city in the technology industry, Shenzhen’s regulations may be influential in setting national standards for artificial intelligence in China.

Hainan's Negative List for Overseas Service Providers: An Explainer

07/28/2021

Overseas service providers looking at Hainan should note how the negative list for cross-border trade in services will impact market access in 11 sectors.

Industries

China Bans For-Profit Tutoring in Core Education: An Explainer

07/30/2021

China has banned for-profit private tutoring firms in core education. FIEs in this sector have to stop engaging in such activities and change their business scope accordingly.

Artificial Intelligence in China: Shenzhen Releases First Local Regulations

07/29/2021

As a frontier city in the technology industry, Shenzhen’s regulations may be influential in setting national standards for artificial intelligence in China.

Pudong New Area Issues Fresh Guidelines for Growth and Investment

07/27/2021

As Pudong faces economic slowdowns and technological bottlenecks, new guidelines propose industry reforms, tax breaks, and market openings.

China Launches Carbon Trading Market as Urgency to Cut Emissions Grows

07/26/2021

China's carbon trading market, launched in Shanghai on July 16, 2021, will give companies financial incentives to reduce their emissions.

China Eases Foreign Ownership Restrictions for Theme Park, Cinema, and Entertainment Exhibition Operators

06/15/2021

Foreign investors can now establish entertainment venues in China without special ownership restrictions.

Private Education Industry in China: New Investment Opportunities and Restrictions for Foreign Players

06/02/2021

New regulations for China’s private education industry clarify the levels of access available to foreign players.

HR & Payroll

China Permanent Residence Application: Explaining the Process in Beijing

08/04/2021

We explain China’s permanent residency policies with a focus on the eligibility, detailed qualification criteria, and application process in Beijing.

A Guide to Minimum Wages in China in 2021

07/30/2021

Minimum wages in China continue to grow. In this article, we offer a guide to minimum wage levels across every region in mainland China.

China Releases Supporting Measures for Three-Child Policy

07/22/2021

Support measures for China’s three-child policy include tax deductions, expanding childcare services, and optimizing the leaves policy to support childcare.

How to Properly Conclude an Electronic Labor Contract in China: Clarifications Issued in New Guideline

07/21/2021

China issued a guideline to instruct employers and employees in concluding electronic labor contracts. The guideline added more obligations to employers in the process of signing an e-labor contract with their employees.

Foreigners’ Work Permit Application and Renewal: Recent Changes

07/13/2021

We share the most updated policy information for expatriates who are stranded overseas and need to apply for or renew their Chinese work permits.

Guangzhou's Next Round of GBA IIT Subsidy Applications: July 1 to August 31, 2021

07/05/2021

Eligible overseas talents and their employers should note that Guangzhou has modified its implementation measures for the GBA IIT subsidy plan.

Our firm Dezan Shira & Associates provides legal, tax and operational advisory across Asia.
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