On March 15th of 2019, the “Foreign Investment Law of People’s Republic of China” (hereafter: foreign investment law) was adopted at the 2nd Session of the 13th National People’s Congress. The new law will come into force on January 1st, 2020. Meanwhile, the “Law of...
We would like to thank Rob te Braake of ABEL Finance, and Michiel Vos of MS Advisory, who have helped 1421 put together this article. Considering which taxes apply to your company is an important step when setting up a company in China. Many people are...
In 2016 we wrote an article about rules and regulations for specific industries in China. The industry focus of China is constantly changing and in 2017 a new version of the Foreign Investment Catalogue of the Chinese government was published. Therefore, we want to...
China’s Ministry of Finance recently has released plans about changes in Chinese tax law. These changes include different individual income brackets, new deductible expenses, and an increase in individual income tax (IIT) scrutiny and a raise in the level of IIT....
Hiring local employeesMany foreign companies operate under the misconception that in order to hire local employees in China they can simply translate labor agreements from their home countries. This misconception can lead to a multitude of complications for the...
There is a tree called the Chinese Pistache (Pistacia Chinensis). When autumn kicks in, the tree changes color in a beautiful fashion. Before falling from the tree, the 30cm leaves change to yellow, orange or red. In some form, China resembles the Chinese Pistache...
