Shanghai-Hong Kong Stock Connect

Shanghai-Hong Kong Stock Connect actually includes two parts: Shanghai-Stock Connect and South-Hong Kong Stock Connect:Shanghai Stock Connect means that investors entrust Hong Kong brokers to buy and sell stocks listed on the Shanghai Stock Exchange through a securities trading service company established by the Hong Kong Stock Exchange. Shanghai-Hong Kong Stock Connect Southbound trading refers […]

Announcement on matters related to pre-tax deduction of advertising expenses and business promotion expenses

Recently, an announcement on matters related to the pre-tax deduction of advertising expenses and business promotion expenses was issued. This announcement continues the current deduction policy for advertising expenses and business promotion expenses, and the implementation time has been extended to December 31, 2025. Please read down for specific regulations: Announcement on matters related to […]

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 […]

Notice on Implementing the Inclusive Tax Relief Policy for Small and Micro Enterprises

From January 1, 2018 to December 31, 2020, the “Notice on Issues Concerning the Implementation of Inclusive Tax Reduction and Exemption Policy for Small and Micro Enterprises” in China is as follows: Notice on Implementing the Inclusive Tax Relief Policy for Small and Micro Enterprises Finance and Taxation (2019) No. 13 The finance departments (bureaus) […]

Draft Implementation Rules of the BVI Economic Substance Law

The British Virgin Islands (BVI) recently issued the “Draft Rules for the Implementation of the Economic Substance Law”. The basic contents of the draft are as follows: Draft Implementation Rules of the BVI Economic Substance Law The British Virgin Islands (BVI) recently released the “Draft Rules for the Implementation of the Economic Substance Law”. The […]

VIE structure and functions

VIE, namely variable interest entity, also known as agreement control, is different from the general company adopting equity control method. VIE actually controls a company by signing an agreement instead of holding shares. VIE structure and functions VIE, namely variable interest entity, also known as agreement control, is different from the general company adopting equity […]

Announcement on matters related to the delay of the 2020 income tax payment of small and low-profit enterprises and individual industrial and commercial households

China’s “Announcement on Matters Concerning the Delay in Paying 2020 Income Taxes for Small and Low-Profit Enterprises and Individual Industrial and Commercial Households” is as follows: Announcement on matters related to the delay of the 2020 income tax payment of small and low-profit enterprises and individual industrial and commercial households Announcement No. 10 (2020) of […]

Singapore’s economic growth this year is expected to reach 7%, and it will slow to below 5% next year

Singapore’s economic growth this year is expected to reach 7%, and it will slow to below 5% next year 【2021-11-24 Source: Economic Daily】 Singapore’s economic growth is expected to reach 7% this year, but it will slow to below 5% next year, reflecting the varying pace of recovery in various industries. The Ministry of Trade […]

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 […]

Announcement of the State Administration of Taxation on Matters concerning the Collection and Administration of Urban Maintenance and Construction Tax

Announcement of the State Administration of Taxation on Matters concerning the Collection and Administration of Urban Maintenance and Construction Tax 【Announcement No. 26 of 2021 of the State Administration of Taxation】 In order to implement the “Opinions on Further Deepening the Reform of Tax Collection and Administration” issued by the Central Office and the Office […]