Tag: tax

ESG | Navigating the What, Why, and How of IFRS Standards

Decoding the Objective, Scope and Conceptual Foundations of IFRS S1 On 26 June, the International Sustainability Standards Board (ISSB) issued IFRS 1 - General Requirements for Disclosure of Sustainability-Related Financial Information (IFRS S1) and Climate-Related Disclosures (IFRS S2) (collectively referred to as the "ISSB Standards"). The ISSB Standards significantly shift sustainability disclosure from voluntary to…

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China | Preferential Tax Policies Supporting Green Development 

The State Administration of Taxation recently issued the Guidelines for Tax and Fee Preferential Policies in Support of Green Development ('Guidelines'). The Guidelines aim to reduce the discharge of major pollutants and effectively control environmental risks by implementing preferential tax policies and promoting high-quality development. We highlight the main tax reductions and exemptions below. Contract Energy…

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CHINA | Cross-border Tax Service for Non-residents

China introduces an online tax payment service for non-resident enterprises to optimize tax handling and payments. Annual tax filing management can now be conducted via the online tax payment service. This means that non-resident enterprises do not need to be physically present in China to handle tax-related issues. Equally, the online platform optimizes the international…

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