Regulations

Stay updated on changes in regulations in China that might impact your business.

REGULATIONS NEWS

Changes in Chinese Individual Income Tax

Changes in Chinese Individual Income Tax

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....

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Court Cases in China

Court Cases in China

The Chinese court system operates significantly different from European ones. Having a strong understanding of court cases in China and of the differences ensures that companies are able to operate successfully in the Chinese market, and that they are insulated from...

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VAT Tax Status in China

VAT Tax Status in China

What is the VAT rate which foreign companies, registered in China, need to charge their (Chinese) clients? This article tries to answer this question. VAT goes hand in hand with fapiao, China specific documents explained in our previous article. When a fapiao is...

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Fast Changing Chinese Regulations

Fast Changing Chinese Regulations

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...

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What happened in the year 1421?

From 1421 to 1423, during the Ming Dynasty of China under Emperor Zhu Di (朱棣) the fleets of Admiral Zheng He (鄭和), commanded by the Chinese captains, discovered Australia, New Zealand, the Americas, Antarctica, the Northeast Passage; and circumnavigated Greenland.

Due to this endeavour we can conclude that “1421 is the year that the Chinese discover the world”.