Changes in the new Urban Maintenance and Construction Tax Law (UMCT)
Effective September 1, 2021, the new Urban Maintenance and Construction Tax Law (UMCT), as well as three supporting regulations,...
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Blog
COVID travel restrictions ease for foreigners coming to China
With over one billion people vaccinated, life is slowly returning to normal in China. Though foreign travel to China has been discouraged...
Personal Information Protection Law will have big impact on business in China
The Personal Information Protection Law (PIPL), along with the Data Security Law and the Cybersecurity Law, will have a significant...
China simplifies filing for outbound remittances, cancels Local Tax Surcharges on top of VAT and CT
Foreign investors in China are no longer required to present a separate tax record filing for each outbound remittance as long as they...
Shanghai cancels assessment method for corporate income tax
The long-standing ‘levying upon assessment’ method for corporate income tax (CIT) was cancelled by the Shanghai tax bureau, after months...
Electronic labor contracts are binding in China and more efficient
Electronic labor contracts are not only more economic but help reduce paperwork and increase efficiency. In China, since March 2020, when...
Court ends “996” and marks a shift in China’s overtime work culture
The “996 work culture” in China, a practice where employees work from 9am to 9pm six days a week, will no longer be accepted. The...
Foreigners in Shanghai may soon have to contribute to social insurance
A few hundred thousand foreign professionals call Shanghai home. Attracted by the city’s international profile and cosmopolitan...
Latest guidelines for Pudong New Area aim to attract foreign investment
The Pudong New Area, located in eastern Shanghai, has become in the past three decades one of the most vibrant and highly developed areas...
Volatility and uncertainty of markets drive foreign companies to do JVs in China
The impact of COVID-19 pandemic and the uncertainties regarding the future economic relations between China and the United States have...
Hainan attracts foreign investment through innovative policies Pt 2
The 35,400-square-km Hainan Free Trade Zone (FTZ) is 27 times the size of the other such areas on the mainland. It is 49 times the size...
The Island of Hainan opens to the world with exciting investment opportunities Pt 1
The island-province of Hainan, considered one of China’s most beautiful and bustling special economic zones (SEZ), undoubtedly...
Business Investment opportunities in the GBA
Despite the global COVID-19 economic crisis and the ongoing trade tensions with the United States, China’s Greater Bay Area (GBA)...
Opportunities and challenges in the GBA
The Guangdong-Hong Kong-Macao Greater Bay Area (GBA), with its massive size and economic potential, will create unprecedented...
GBA Legal System faces challenges but offers interesting opportunities
China’s Guangdong-Hong Kong-Macao Greater Bay Area (the GBA) is a national initiative aimed at creating the country’s most open and...
GBA: Hong Kong and its key role as Financial Services and Securities Investment center
Hong Kong, with its low, simple and limited tax, its open capital/forex market, and proximity to the Greater Bay Area (GBA) and China...
The GBA as a Leading Manufacturing and Sourcing Hub
By 2035, The Greater Bay Area, or GBA, will transform into a globally competitive, connected, and innovative mega-region, representing...
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