Personal Information Protection Law ('PIPL'), effective from 1 November 2021, regulates those collecting and handling personal information. For companies processing employee data, a robust data security system should be integrated into the IT infrastructure and in line with PIPL. Whilst PIPL largely affects companies handling consumer data, employers are not immune from PIPL and should…
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On Saturday, 16 April 2022, the Shanghai Commission of Economy and Informatization issued a guideline (‘Guideline’) for industrial enterprises. The Guideline is for certain companies to start resuming work and production with controlled risks. Overall, enterprises that are required to return to work shall implement robust controls to prevent the spread of COVID-19. And designate…
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Small and micro businesses Corporate income tax The corporate income tax rate was reduced from 10 percent to 5 percent for small and micro-businesses. The tax rate is applied to the profit portion from 1 million RMB to 3 million RMB. Reduction and exemption of six taxes and two fees Six taxes and two fees…
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