Recently, illegal entry into China, taking up residence and working has been included in the Awards for Reporting Illegal and Criminal Offences Implementing Measures (The Measures) in the southern city of Shenzhen. The Measures were issued by the Shenzhen Municipal Public Security Bureau on 16 May 2019. And while they only relate to the municipality…
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We're proud to announce that the China Collaborative Group (CCG) has launched its website (www.theccgway.com). CCG is a multicountry association of business, legal and tax advisors of which Horizons is a founding member. The team of advisors — spanning 17 countries and special administrative regions — serves to provide cross-border solutions that help businesses thrive…
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Employing, managing and developing employees successfully is crucial to the long-term health and success of a company. Foreign companies operating in China often struggle to successfully maintain good employees and terminate difficult ones due to a lack of cultural understanding and knowledge related to relevant laws, rules and regulations. In this article, we outline the…
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In the annual Work Report delivered at the Two Sessions (Chinese People’s Political Consultative Conference and National People’s Congress), Premier Li Keqiang announced further cuts to value-added tax rates. From 1 April 2019, the following rates shall be effective: Sector Previous rate New rate Manufacturing sector 16% 13% Construction and transport (including passenger transport services)…
Read moreRegistered capital refers to the capital to be paid by the shareholders or promoters of a company. The minimum amount of registered capital mandated to be registered was eliminated in 2014, except where required by law, rules and regulations. The Circular of the State Council on Issuing the Reform Proposals for the Registered Capital Registration…
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