Search Results for: business

Smoothing the path to cross-border business connectivity: Horizons’ Roberto Gilardino discusses the China Collaborative Group

During 2018, Horizons remains highly focused on the efforts of its newly formed China Collaborative Group (CCG). The multidisciplinary legal services collective is designed to provide Chinese clients with cohesive strategic solutions that facilitate cross-border investment under the Belt and Road Initiative and other global economic trade platforms. The Square talks with Roberto Gilardino, Horizons regional partner for North Asia and additional countries, about CCG’s launch seminar last December and the group’s activities going forward.

The Square: Coming […]

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China’s ambitious 5-year plan to replace Business Tax with VAT

The Notice of Overall Pilot Execution of Transforming Business Tax into Value-added Tax — titled Caishui [2016] No. 36, B2V Reform — was jointly issued by the PRC Ministry of Finance (MOF) and the State Administration of Taxation (SAT) on 18 March 2016. The circular, effective from 1 May 2016, announced the expansion of Value Added Tax (VAT) to several key sectors, including real estate and construction, financial services and insurance and lifestyle services (such as hospitality, food and beverage, […]

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Embracing the Future of Invoicing: A Comprehensive Guide to All-Electric Invoices

Introduction

In alignment with the “Opinions on Further Deepening the Reform of Tax Collection and Administration” issued by the Central Office and the State Office, a pioneering initiative to introduce comprehensive digital electronic invoices, commonly referred to as “all-electric invoices,” is being rolled out. This groundbreaking development aims to enhance the taxpayer experience and promote efficient tax collection and administration. This article provides an in-depth overview of the new era of all-electric invoices and outlines essential details for both taxpayers and […]

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