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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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Preferential Tax Policy for Expatriate Fringe Benefits Extended to 31st December 2023
On 31st December 2021, the Ministry of Finance and the State Administration of Taxation of the People’s Republic of China announced that the preferential tax …
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Preferential Policies of Individual Income Tax on Bonuses are Extended to December 2023
On December 29, 2021, Premier Li Keqiang chaired an executive meeting of the State Council where it was decided to continue the implementation of some …
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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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What are China’s Tax Changes for Expats in 2022?
By the end of December 31st, 2021, expatriates’ tax-exempt benefits will expire, which will have an incredible effect on their taxable income in China and …
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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 …
