China Monthly Tax Brief: July 2023
In our China Monthly Tax Brief for July 2023, we discuss the extension of some noteworthy preferential tax policies and treatment till the end of 2027.
Chris Devonshire-Ellis – Sputnik Interview Concerning China’s Increasing Gold Reserves and the Implications
Chris Devonshire-Ellis, the Chairman of Dezan Shira & Associates, has been interviewed by Sputnik Global concerning his views on China’s gold reserves, which have increased for the ninth consecutive month and are now at a record high of 2,137 tons. Chris discusses China’s gold reserve strategy and goals, what this means for the RMB yuan […]
China’s Electric Vehicle Supply Chain and Its Future Prospects
We discuss the investment prospects in China’s electric vehicle supply chain—across upstream, midstream, and downstream stages of production—amid government incentives, technology advancements, and fierce competition for cost-efficiency and market access.
Employee Management in China: The Trinity of Labor Contract, Social Security, and Individual Income Tax
We discuss the ‘trinity concept’ used by China authorities to monitor employee management compliance by companies, especially in Tier-1 cities. The trinity refers to the labor contract, social security contributions, and income tax.
China Relaxes Rules for On-Arrival Business Visas
China has released new measures that will make it easier to obtain a business visa on arrival for urgent and short-notice travel.
China to Require Regular Compliance Audits for Personal Information Protection
New draft rules require companies to undergo regular audits to ensure compliance with the China Personal Information Protection Law (PIPL).
China Removes Barley Tariffs on Australia
China has lifted the anti-dumping tariffs on Australian barley, marking a significant step towards normalizing trade relations between the two nations after a three-year period of strained ties. Officials on both sides have expressed cautious optimism about the potential for resolving other trade disputes.
Updates to China’s 2023 Catalogue for Guiding Industry Restructuring
The 2023 updated catalogue reflects China’s efforts to modernize its industrial system, boost core competitiveness, and meet green goals. We discuss noteworthy changes to the Catalogue for Guiding Industry Restructuring for foreign investors.