Announcement on matters related to pre-tax deduction of advertising expenses and business promotion expenses Source: Ministry of Finance and State Administration of Taxation Announcement No. 43 (2020) Date: November 27, 2020 In accordance with the “Enterprise Income Tax Law of the People’s Republic of China” and its implementation regulations, the announcement regarding the pre-tax deduction […]

China no longer classifies foreign-funded enterprises according to Sino-foreign joint ventures and cooperation Source: State Council Date: December 21, 2020 In order to implement the “Foreign Investment Law”, the State Council recently issued the State Council Order No. 732, promulgating the “Decision of the State Council on Amending and Repealing Certain Administrative Regulations”, and sorting […]

Guangzhou implements a convenient plan for free customs clearance of trade in the Greater Bay Area In order to implement the important deployment of “Promotion of Trade Liberalization” in the “Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area”, strengthen the overall coordination of trade liberalization and customs clearance facilitation, and recently reviewed and […]