Tax, Accouting and Audit in China 2019-20

3 Tax, Accounting, and Audit in China 2019-20 (11th Edition) Taxation affects almost all aspects of doing business in China. Because China has a idiosyncratic business environment, which is significantly different to Europe or North America, business leaders need to develop a strong understanding of their tax liabilities in the country. This helps businesses maximize their tax efficiency while maintaining compliance with tax laws and regulations. China Briefing’s Tax, Accounting, and Audit in China 2019-20 (11th Edition) , produced in collaboration with the tax experts at Dezan Shira & Associates, aims to provide an overview of taxes for businesses and individuals in China, as well as fundamental accounting and audit information for the China business context. This guide was created in September 2019 with the latest information available at the time. As the tax situation of each enterprise is unique and China’s regulatory environment is constantly evolving, it is advisable to seek professional tax advice specific to your business. Dezan Shira & Associates is a specialist foreign direct investment practice providing corporate establishment, business advisory, tax advisory and compliance, accounting, payroll, due diligence, and financial review services to multinationals investing in emerging Asia. Asia Briefing, the international publishing house that owns and produces the China Briefing, is a wholly-owned subsidiary of Dezan Shira & Associates. Preface SABRINA ZHANG Partner Dezan Shira & Associates CONTACT Dezan Shira & Associates china@dezshira.com www.dezshira.com