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Insights e-Newsletter
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Why a “Tax Health Check” is important in China
By Maarten Roos and Michael Liu Background The official launch of the Golden Tax System Phase IV, an upgraded version of the Golden Tax System …
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China’s 2026 VAT law supporting documents: An enterprise action guide
On 30 January 2026, the Ministry of Finance and the State Taxation Administration issued seven key supporting announcements for China’s Value-Added Tax Law and its …
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China VAT law with key insights on the implementation regulations
On 1 January 2026, China implemented its first Value-Added Tax Law and supporting implementation regulations, marking a significant shift in the country’s largest tax category. …
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Why Use Financial Outsourcing in China?
Nowadays, financial outsourcing, a new financial management model, has become more widely used, outsourcing versus insourcing. To reduce the operating costs and minimize or avoid …
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China annual audit: Strengthening compliance through checks and balances
An audit is a critical component of a company’s operations. An objective and neutral audit can not only enhance transparency and build trust among management …
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Recap • Transfer Pricing Management in a Post Covid World
On the 17th of September 2021, the British Chamber of Commerce to Shanghai hosted the “Transfer Pricing Management in a Post Covid World” and asked …
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Why Enter Shanghai’s Free Trade Zone?
Free Trade Zones (“FTZs”) have long been part of China’s expansion and as a way of encouraging foreign companies to invest and do business in …
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China’s Current Consumer Bankruptcy Situation
With the current global unstable economic situation and China’s proactive approach to cracking down on debt, LehmanBrown International Accountants collaborated with BIRT International Restructuring[1] to look into how …
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How to Claim Social Insurance as an Expatriate Leaving China?
In China, many expatriates have come and established their professional or entrepreneurial careers and, with time, consider moving once again to expand their business or …
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How to Establish a Representative Office (RO) in China?
There has been a growing trend of overseas companies seeking to register in one of China’s cross-border e-commerce platforms as a strategy to access a …
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China Business Snippets • IIT, CIT and VAT Tax Relief for Self-Starters and SMEs
There has been a few weeks of silence since 2020, but in 2021 China has started releasing gradual announcements as it tries to tend its …
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Revenue Recognition of International Trade Business under New Revenue Accounting Standards
Downloadable PDF here In July 2017, the Ministry of Finance issued the “Accounting Standards for Business Enterprises No. 14-Revenue” (hereinafter as ‘the New Standard’). The …
