According to the Notice newly announced by China State Administration of Foreign Experts Affairs, from February 28, 2018 onwards, application for work permit extension must be submitted at least 30 days before its expiration. Once the regulated date is missed, applicants will be denied of their work permit extension and they have to apply for […]
A representative from Lee & Lee Associates attended the Alliott Group 2017 Worldwide Conference in Sydney. Membership of Alliott Group and participation in the international association’s conferences form an integral part of our firm’s international strategy to ensure our clients have access to the services of other like-minded professional firms across the world’s major commercial […]
“Five Certificates in One, One Certificate One Code” registration policy has been fully implemented in Beijing. The reform of the registration policy relates to all kinds of enterprises within the whole city, farmer cooperatives and representative offices of foreign enterprises (including the branches of above-mentioned types). For enterprises that have renewed business licenses with the […]
Since September 1, 2017, withdrawal of housing fund in Beijing becomes easier according to a new regulation. Here below we summarized the key points: Either of a couple can withdraw housing fund regardless the name sequence in the housing purchase contract or property certificate. 2. After an employee leaves Beijing, it is encouraged to handle […]
Since 1 April 2017, China shall implement a new work permit rule for foreigners in China by issuing “Notification of Work Permit for Foreigners” and “Work Permit Certificate for Foreigners” instead of “Work Permit for Foreign Experts” and “Work Permit for Foreigners” or other relevent certificates. The old Permits issued before within valid period continue […]
When foreign companies provide services in China, there is a big concern for them: whether they need to pay taxes in China, how much taxes they need to pay and how to pay it. In practice, there are many different situations for foreign companies doing business in China. Different situations may involve in different tax […]
The time for filing and payment is changed to the period from 1 November to 15 December. 2. The handicapped fund can be exempted for those companies established within 3 years and with not more than 30 employees. 3. The base shall be the lesser of the company’s average annual salary and the 3 times […]
Beijing State Tax Authority has launched the online correction function of corporate income tax annual filling. Eligible tax payers can correct the corporate income tax annual filling of 2016 on the website before December 31st, 2017. However, the online corrected tax amount has to be larger than the original one; otherwise, the tax payers still […]
A new report on the Common Reporting Standard was published by Alliott Group on 15 March 2017. The report targets at helping expatriates (and high net worth individuals with assets abroad) to better manage the risks associated with the Common Reporting Standard (“CRS”). Alliott Group is a leading international alliance of professional services firms, of which Lee […]
Since September 26, 2016, “five certificates in one, one certificate one code” registration policy has been fully implemented in Beijing on the basis of the existing “three certificates in one, one certificate one code” policy. The reform of the registration policy relates to all kinds of enterprises within the whole city, farmer cooperatives and representative […]
