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12 Apr
Tax Documents
The Taxation System in China
Category: Business in Asia
f you work in China, I suggest having a clear picture on how the IIT works on your salary. Normally, the employer directly withholds the rate proportioned to your salary every mont...
12 Apr
Handshake
10 Steps to Open a Foreign Invested Company in China
Category: Business in Asia
If you are a foreigner and you are planning to set up a company in China, here are the 10 steps to open a foreign-invested company in China.
12 Apr
VAT income tax
Value Added Tax(VAT) for Foreign Companies in China
Category: Business in Asia
In China, the VAT system is equally applied to foreign and local companies working in the territory. Unfortunately, as foreigners, we don’t enjoy any benefit related to VAT rates. ...
12 Apr
Chinese button
How Can a Foreigner Register His Company in China?
Category: Business in Asia
The company registration period, including the initial investment, lasts from twelve weeks to five months (excluding registration of companies in encouraged and limited sectors).
12 Apr
Calculating tax
Income Tax Brackets in China for Employees, Self-employees and Corporate
Category: Business in Asia
As Partner of S.J. Grand Financial & Tax Advisory, in China since the early 90’s, I can recommend gathering all the possible insights on corporate and individual taxation in China....
12 Apr
Port of shanghai
Is China Becoming an Import Market? Further Decrease in China Import Tariffs
Category: Business in Asia
According to Statista, the value of imports to China has considerably increased over the last 10 years. In May 2017, it reached USD 150 billion confirming China as the third world’...
09 Apr
China Taxation
Your Individual Income Tax: All You Ever Wanted to Know about Filing your Taxes in China and Never Dared to Ask
Category: Business in Asia
Are you working and living in China? Have you ever thought about your tax duties? If you earn income, you are most likely subjected to individual income tax in China. Navigating th...
24 Feb
Handshake 2
Joint Ventures in China: How to Make your Partnership Successful?
Category: Business in Asia
Following China opening up reforms in the 90s, investors from all over the world have rushed in the country to get a piece of cake: the market was extremely promising, with a large...
19 Jan
Keyboard closeup
Chinese Accounting Standards: an Introduction to CAS vs. IFRS
Category: Business in Asia, Regulations
What do foreign investors need to know about the Chinese Accounting Standards versus the International Financial Reporting Standards?
19 Jan
Corporate building
Hong Kong: Taxation of Director’s Fees
Category: Business in Asia
The taxation of director’s fee for a company incorporated offshore is a delicate issue, and it is vital to know under what jurisdiction directors are subject to tax.