Category: Tax

CHINA | Risk Managing Export Tax Rebates

For exporters, export tax rebates such indirect taxes paid during the production and distribution process can be refunded. Specifically, exporters are eligible for rebates on value-added tax (‘VAT’) and consumption tax (‘CT’) incurred during the production process.  Often export rebate policies are adjusted according to the current economic circumstances to support and promote exports. For…

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CHINA | E-platform Simplifies Deregistration

In 2016, the State Administration for Industry and Commerce (‘SAIC’) introduced a simplified deregistration procedure. Namely, the SAIC adopted ‘The Guidance opinions on comprehensively promoting the reform of simple deregistration of enterprises ([2016] No. 253’, (‘Guidance Opinions’) on December 26, 2016. The simplified de-register procedure was further bolstered in 2018 and 2021 with the adoption…

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