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
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...
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