Accounting & Finance

China Implements Pilot Reform of Water Resources Tax

China’s new pilot reform for water resources taxation, effective December 1, 2024, represents a major step forward in sustainable resource management and...

Hainan Free Trade Port Expands “Zero Tariff” Policy for Drugs and Medical Devices

In line with China's ongoing efforts to boost the development of the Hainan Free Trade Port, a new "zero tariff" policy has been introduced to facilitate the import of drugs...

China Implements Measures To Simplify Cross-Provincial Relocation Of Taxpayers

On July 29, 2024, China's State Administration of Taxation (SAT) issued a circular titled "Further Facilitating the Cross-regional Migration of Taxpayers and Serving the...

Preferential CIT Policy for Green and Intelligent Development

On July 12, 2024, the Ministry of Finance and the State Administration of Taxation issued Announcement No. 9, unveiling a new enterprise income tax policy aimed...

China Releases New Tax Guidelines to Boost Manufacturing: Empowering High-End, Intelligent, and Green Growth

To strengthen the manufacturing sector, the Ministry of Finance and the State Administration of Taxation recently released the "Guidelines for China's Main Tax...

China 2024 Tax Filing Deadlines

The State Administration of Taxation has issued an important notice regarding the tax declaration and payment deadlines for the year 2024. This update is aimed at...
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