Category: Tax

China business: cross-border withholding tax 101 — ‘My company in England provides services to a China-based company. Why is 10% deducted from the service fee?’

Today’s globalised economy enables companies to provide services across the world. Cross-border business to business (B2B) often takes place via email or other digital communications, such as Skype, WeChat or other messaging and talk platforms. What's more, monetary transactions are equally carried out primarily using online banking. All in all, B2B moves fast in the…

Read more

China business: dispatching employees to China — are you in compliance with the latest regulations?

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…

Read more

CCG launches website — Horizons moves forward with Belt and Road related activities

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…

Read more

China tax alert: individual income tax deductions — catch yourself up with the new changes in play on IIT calculations

The revised Individual Income Tax Law of the People’s Republic of China stands to significantly affect workers’ monthly net salaries going forth in 2019. From 1 January, individuals monthly net salaries should have risen from their December salary, as the individual withholding tax calculation has been altered from a monthly taxable basis to annual accumulated…

Read more