Tag: Tax

Understanding China’s Tax Offenders Blacklist System

On April 16, 2016, China’s State Administration of Taxation (SAT) published amended measures to what is known as the blacklist system against tax illegalities. The amended measures, which came into effect on June 1, 2016, add a credit repair mechanism...

/ March 6, 2017

An Overview of China’s VAT Reform

Hailed as China’s most significant tax reform in more than two decades, the value-added tax (VAT) was comprehensively implemented as the country’s only indirect tax in 2016, effectively replacing the business tax (BT). The reform is part of Beijing’s efforts...

/ February 24, 2017

Data Dump: China’s Taxman Wants to Know More

The State Administration of Taxation (SAT) recently requested that approximately 1,000 foreign and domestic companies provide a wide range of tax, financial, and accounting data, raising US-China Business Council (USCBC) member company concern about the intent and intrusiveness of the...

/ June 13, 2016

Hiring Disabled Workers in China: Incentives and Challenges

The Chinese government plans to increase the monthly subsidy for families whose only child is disabled and unable to support the family as the parents age. The announcement—widely reported in Western media—has re-energized discussion of the role of the disabled...

/ May 25, 2016

China Plugs Cross-border E-commerce Import Tax Loophole

The Chinese government has for the first time clarified tax policies for goods imported under the cross-border e-commerce model in an effort to regain control of the loosely regulated market. This new policy can enable foreign merchants to sell imported...

/ May 9, 2016

Life Services Companies Catch a Break

A new value-added tax (VAT) reform has recently been implemented in China that could fundamentally alter the accounting systems of small and medium enterprises doing business within the country.

/ May 4, 2016

How to Become a Certified Chinese Tax Resident

When a foreign business or individual makes income in China, it may be subject to tax in both the business or individual’s home country and China, which could substantially increase their tax burden. Many investors therefore choose to set up...

/ March 23, 2016