Search Results for: business

China business tax: can input value added tax credits improve business cash flow?

Value-added tax (VAT) is an indirect tax applied to the sale of goods and provision of services. In 2016, all sectors of the People’s Republic of China were unified into the government VAT system, while various VAT rates were implemented on a sector by sector basis.

VAT unification stands to decrease the payable VAT and
improve cash flow for registered taxpayers. Specifically, for entities
registered as VAT general taxpayers (taxpayers), the application of VAT to all
sale of goods and provision of services […]

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China business: cross-border withholding tax 101 — ‘My company in England provides services to a China-based company. Why is 10% deducted from the service fee?’

Today’s
globalised economy enables companies to provide services across the world.
Cross-border business to business (B2B) often takes place via email or other
digital communications, such as Skype, WeChat or other messaging and talk
platforms. What’s more, monetary transactions are equally carried out primarily
using online banking.

All
in all, B2B moves fast in the digital world. And with this, taxation on
cross-border transactions is no longer exclusive to multi-national entities,
but touches every business across borders, large and small. Therefore,
understanding how withholding tax works and the applicable […]

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China business: Labour 101 — get it right from the beginning or risk big headaches

Employing, managing and developing employees successfully is crucial to the long-term health and success of a company. Foreign companies operating in China often struggle to successfully maintain good employees and terminate difficult ones due to a lack of cultural understanding and knowledge related to relevant laws, rules and regulations. In this article, we outline the basics of labour law in China for foreign companies employing local staff.

Employing, managing and developing employees successfully is crucial to the long-term health and success […]

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