China Individual Income Tax: Employee Benefits and Tax Exemptions for Foreign Employees Introduction Companies operating in China incur various expenses related to employee benefits, such as meal allowances, transportation costs, medical expenses, employee travel, health check-ups, housi... China International taxation
China Individual Income Tax and Foreign Social Security Introduction When calculating individual income tax in China for expatriates from Japanese companies, one often overlooked item is the social insurance premiums paid by the company in Japan and other ...
2026 Revision of China Accounting Standards｜Changes to Income Statement Presentation Introduction In 2026, the Ministry of Finance of China revised "Accounting Standard for Enterprises No. 30 - Presentation of Financial Statements," significantly reviewing the presentation of corporat... governance
Key Changes to China’s VAT Return Forms in 2026 Introduction In China, from January 1, 2026, the "Value-Added Tax Law of the People's Republic of China" and the "Implementation Regulations of the Value-Added Tax Law" will be enforced, and the value...
Tax Considerations When Becoming a Chinese World-wide Income Taxable Resident Introduction When working or living in China for an extended period, important questions arise such as whether one becomes a "tax resident of China" and whether income from deposits, stocks, or real e...
China's New VAT System Introduction For Japanese companies and foreign companies operating in China, the Value Added Tax (VAT) is one of the most important tax compliance items. China's VAT system is an indirect tax that, l... tax
China VAT Input Tax Costing for Exempt Sales and Export VAT Refund Rate Differences Introduction In China's VAT system, the inability to deduct input tax corresponding to exempt sales and the transfer to cost or expense is an extremely important practical issue. In particular, when J...
Can Foreign Accounting Firms Conduct Audit Work in China? Introduction As Chinese companies expand overseas and multinational corporate groups invest in China, the question of whether "foreign certified public accountants and accounting firms can conduct aud...
China Tax Audits and Tax Penalties Introduction For Japanese companies expanding into China and multinational companies with subsidiaries in China, compliance with Chinese tax regulations has become one of the important management chal...
China Social Insurance for Expatriates and Foreign Employees Introduction For Japanese companies dispatching employees to China and companies establishing local subsidiaries in China to employ foreign staff, one of the important compliance matters alongside ind...
China Business Travel Allowance and IIT Rules for Expatriates Introduction For Japanese companies expanding into China, the treatment of travel allowances under individual income tax is one of the frequently discussed issues. In Japan, it is common for certain t...
China’s Registered Capital System Reform Introduction For foreign companies establishing subsidiaries or joint ventures in China, the "capital system" is not just a procedure for company formation, but an extremely important issue that affec...