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Tax news: Value added tax exemptions for China’s small-scale businesses are in place

Recently, small and micro China enterprises saw preferential tax relief under the promulgation of the Notice on Implementing the Policy of Inclusive Tax Relief for Small Profit Enterprises Circular, Caishui No. 13 [2019] (Circular 13). What’s more, provisions in Circular 13 further exempt small-scale taxpayers from value-added taxes, provided their monthly sales fall below RMB…

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China business: Draft Foreign Investment Law for the People’s Republic of China — paving the way to increased investment opportunities in China for foreign entities

The Standing Committee of the National People’s Congress released the second Foreign Investment Law of the People’s Republic of China Draft for Public Comment (The Draft Law) on 26 December 2018. The Draft Law remains open for comment from 26 December till 24 February, and could be submitted to the annual National People’ s Congress…

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China business: The all-important role of a company’s Legal Representative (法定代表人)

The importance of the legal representative of a China-based company is too often overlooked. At Horizons, we often encounter companies who underestimate the role and responsibilities of the legal representative, which may raise the risk potential for both the individual and company. The General Principles of the Civil Law of the People’s Republic of China…

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