China finished its annual legislative meetings of the Chinese People Political Consultative Conference (CPPCC) and the National People’s Congress (‘NPC’) in Beijing – commonly referred to as the Two Sessions (Liǎng huì). The Two Sessions is an insight into the overarching economic and political direction.With the current geopolitical tensions between China and the West and…
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For exporters, export tax rebates such indirect taxes paid during the production and distribution process can be refunded. Specifically, exporters are eligible for rebates on value-added tax (‘VAT’) and consumption tax (‘CT’) incurred during the production process. Often export rebate policies are adjusted according to the current economic circumstances to support and promote exports. For…
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Complex supply chains require comprehensive tax planning. Especially in cross-border businesses or middle-size and large-scale corporations, integrated tax planning which optimises tax policies and incentives is crucial. Namely, it effects the overall business development and operations. For comprehensive tax planning, tax policies should be applied with a deep understanding of the company's business model and…
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