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Insights e-Newsletter
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Why Annual Financial Audits are Critical for Foreign-Invested Enterprises in China
Background An audit is a critical component of a company’s operations. An objective and neutral audit can enhance transparency, build trust among management and shareholders, and reduce …
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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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Key Year-End Processes for Registered Companies in China: Audit, Tax Reconciliation, Inspection and Profit Repatriation
All registered companies in China are legally obligated to complete certain year-end processes. These processes are not only critical for maintaining compliance with Chinese regulations but also …
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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 …
