China releases the latest “Food Permit Filing”

China releases the latest “Food Permit Filing” The key points and process of revising the Measures are briefly as follows: Background to the revision:In response to requirements such as deepening the reform of food business licenses and revising the new food safety law.Adapt to the innovative and high-quality development needs of the food business industry.Solve […]
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Announcement of the Ministry of Finance and the State Taxation Administration on the Preferential Tax Policies for Small and Micro Enterprises and Individual Businesses in 2023.

Announcement of the Ministry of Finance and the State Taxation Administration on the Preferential Tax Policies for Small and Micro Enterprises and Individual Businesses in 2023. To support the development of small and micro enterprises and individual businesses, the following tax policies are hereby announced: For small-scale enterprises with an annual taxable income not exceeding […]
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Hong Kong: Budget 2023- Key Tax Highlights

Hong Kong: Budget 2023/24 – Key Tax Highlights Profits tax developments Implementation of global minimum effective tax rate The Financial Secretary announced that Hong Kong will, in accordance with the OECD’s BEPS 2.0 project, apply the global minimum effective tax rate of 15% on multinational enterprise (MNE) groups with global turnover of at least EUR750 million […]
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Announcement on Clearing Policies on Value-added Tax Exemptions and Reductions for Small-scale Taxpayers in China in 2023

Announcement on Clearing Policies on Value-added Tax Exemptions and Reductions for Small-scale Taxpayers in China in 2023 The Ministry of Finance and the State Taxation Administration have issued the “Announcement on Clearing Policies on Value-added Tax Exemptions and Reductions for Small-scale Taxpayers”. The announcement proposes that from January 1, 2023, to December 31, 2023, small-scale […]
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The negative list for China’s foreign investment access has been further reduced

The negative list for China’s foreign investment access has been further reduced The National Development and Reform Commission and the Ministry of Commerce issued the Special Administrative Measures for Foreign Investment Access (Negative List) (2021 Edition) and the Special Administrative Measures for Foreign Investment Access in Pilot Free Trade Zones (Negative List) (2021 Edition). The […]
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China’s Regional Comprehensive Economic Partnership Agreement will come into force on January 1, 2022

China’s Regional Comprehensive Economic Partnership Agreement will come into force on January 1, 2022 The Ministry of Commerce website reported on November 3 that on November 2, the ASEAN Secretariat, the custodian of the Regional Comprehensive Economic Partnership (RCEP), issued a notice announcing that six ASEAN countries including Brunei, Cambodia, Laos, Singapore, Thailand and Vietnam […]
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China’s small-scale taxpayers exempt from VAT in 2022

China’s small-scale taxpayers exempt from VAT in 2022 According to China’s “Announcement of the Ministry of Finance and the State Administration of Taxation on Exempting Small-scale VAT Taxpayers from VAT” (2022 No. 15):The preferential tax policies stipulated in Article 1 of the “Announcement of the Ministry of Finance and the State Administration of Taxation on […]
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China no longer classifies foreign-funded enterprises in the form of Sino-foreign joint ventures and cooperation.

In order to implement the “Foreign Investment Law”, the “Decision of the State Council on Amending and Repealing Certain Administrative Regulations” was announced, and administrative regulations that were inconsistent with the “Foreign Investment Law” were cleaned up, including amendments to some provisions of 22 administrative regulations. From 2020 Effective on November 29: China no longer […]
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China will further relax restrictions on foreign investment access in many fields

China will further relax restrictions on foreign investment access in many fields 【2021-10-22 Source: Xinhua News Agency】 Xinhua News Agency, Beijing, October 22. The Ministry of Commerce issued the “14th Five-Year Plan” development plan for the utilization of foreign capital on the 22nd. According to the plan, during the “14th Five-Year Plan” period, my country […]
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