Tag: tax

Risk managing export tax rebates in China

For exporters in China, 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 example, since…

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Tax -effective supply chain planning in China

Complex supply chains require comprehensive tax-effective planning. Especially in cross-border businesses or middle-size and large-scale corporations, integrated tax planning which optimises tax policies and incentives, according to the laws, is crucial to the overall business development and operations. For comprehensive tax planning, tax policies should be applied with a deep understanding of the company's business…

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China business (UPDATED 24 Feb): to combat the coronavirus and head off economic insecurities, government takes action by implementing supportive financial and tax measures for businesses

Horizons will continue to update important business news and information related to the coronavirus epidemic. 5 Months Reduction on Employee Medical Insurance Premium The China Ministry of Finance, National Medical Insurance Bureau and Tax Bureau jointly announced the Guiding Opinions on the Periodic Reduction of Basic Employee Medical Insurance Premium (“Guiding Opinions”) measure on 21 February 2020.…

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China business (UPDATED 19 Feb.): to combat the coronavirus and head off economic insecurities, government takes action by implementing supportive financial and tax measures for businesses

An updated version of this post appears here. Further nationwide measures to support businesses in China have been announced At the 18 February State Council of the People's Republic of China executive meeting chaired by Premier Li Keqiang, the council announced policies that included a reduction in social insurance premiums and a deferment in payment…

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China business: to combat the coronavirus and head off economic insecurities, government takes action by implementing supportive financial and tax measures for businesses

An updated version of this post appears here. In China’s battle against the coronavirus epidemic, the nation is striving to contain the spread of the virus. Many provincial and municipal governments across China have issued first-level emergency responses to enable emergency measures in combating the epidemic. For enterprises across China, such measures are directly impacting…

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