“Simply put, failing to take advantage of pro-business policies and measures put forth in the face of COVID-19 will hamper your business to no end, even sending it to its demise. Horizons has the resources, the ‘know-how’ and the finesse to get your business back on track and keep it there.” —Danny Luk, Horizons Senior Equity Partner
The outbreak of COVID-19 has had an extremely disruptive impact on businesses worldwide. In the battle against the virus, the State Council […]
Read moreRecently, illegal entry into China, taking up residence and working has been included in the Awards for Reporting Illegal and Criminal Offences Implementing Measures (The Measures) in the southern city of Shenzhen.
The Measures were issued by the Shenzhen Municipal Public Security Bureau on 16 May 2019. And while they only relate to the municipality of Shenzhen, similar measures may end up being be promogulated in other top-tier cities.
According to the measures, informants reporting on illegal foreigners shall […]
Read moreThe revised Individual Income Tax (IIT) promulgated on 31 August 2018 and fully effective from 1 January marks significant changes to the individual taxation in China. Primarily, the changes relieve certain tax burdens for low and middle income-earners. In previous tax articles, we have highlighted a number of key takeaways related to IIT.
For foreigners working in China, the new reforms will significantly change income tax calculations and deductible items. Specifically, several significant tax impacts on foreigners are noted in […]
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