China offers multiple opportunities for foreign investors. In the 14th Five-Year Plan 2021 – 2025 (‘Five-year Plan), approved by the National People’s Congress of the People's Republic of China on 11 March 2021, a new economic model termed "dual circulation" was established. Dual circulation is a two-fold plan to stimulate domestic growth and consumption through…
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Cina: un mercato ancora più ricco di opportunità. Con il nuovo piano quinquennale 2021 – 2025, la Repubblica Popolare Cinese promuove la crescita e i consumi adottando la strategia cosiddetta di doppia circolazione. Semplice il disegno per risultati che si vogliono immediatamente tangibili. Le leve economiche sono infatti duplici. Da un lato si imprime un…
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Foreign-invested entities (“FIE”) in China often encounter several issues in cross-border foreign currency exchange (“foreign exchange”) in China. Contrasting to other jurisdictions in which the amount of foreign currency exchange is often unlimited, entities and individuals shall strictly adhere to the relevant laws, rules, and regulations. Otherwise, the corresponding government body or financial institution (“FI”)…
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The Individual Income Tax of the People’s Republic of China (“IIT”) was revised in 2018 paved significant changes IIT calculations. With the 2020 Individual Income Settlement due by 30 June 2021, we update previous Horizon Q&A on IIT and provide an insight to income tax and compliance requirements pertaining to China’s Individual Income Tax (IIT)…
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The European Patent Office (“EPO”) and the China National Intellectual Property Administration (“CNIPA”) established two-year pilot cooperation under the Patent Cooperation Treaty (“PCT”). Effective from 1 December 2020, international patent applications from nationals, and residents of the People Republic of China including the Hong Kong Special Administrative Region and Macau Special Administrative Region may select…
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