VAT Input Official Receipts Certification Exempted for A Level Taxpayers

From 1 March 2016, for A level general VAT taxpayers, they are not compulsorily required to do VAT input official receipts certification via scan method any more. Instead, they can access the VAT official receipts query system to query and select relevant information to declare deduction or export tax refund. If that information is not […]

Nondeductible Input VAT After All Business Taxes Are Changed to VATs

Effective from 1 May 2016, VAT reform is expanded to all services and nationwide in P.R. China. However, not all the VAT can be deducted even the special official receipts could be obtained from the new VAT taxpayers. Input VATs of the following items are not deductible: 1) The catering and passenger transportation service; 2) […]

FIE Establishment and Change Simplified: from Approval to Filing

Since 1 October 2016, for foreign-invested Enterprises’ Establishment and Administration Change, as long as they are not relating to state special permit, there is no need for approval any more. Instead, only filing is required. Lee & Lee Associates Insights: From approval to just filing, this measure shall significantly streamline administrative establishment process for enterprises. It […]

Small-scale Taxpayer’s Tax Filing Simplified

Small-scale tax payer’s tax filings are simplified since 1 April, 2016 with following measures. On quarterly basis, not current monthly basis, VAT small-scale taxpayers shall do filing for VAT, consumption tax, public cultural construction tax and the relevant surtaxes. If a taxpayer does not prefer to do the filings on a quarterly basis, then the […]

New VAT Exemption Policy for Small-scale VAT Payer

On 19th April 2016, SAT issued the 23rd Announcement. It specifically regulated the exemption of VAT for small-scale VAT payer after switching from Business Tax to VAT. The small-scale VAT payer should separately account for the 2 categories of revenue – 1) the sales for selling goods, provision of service of processing or repair, and, […]

Foreigner Working Permit Procedure Changed in Beijing!

Beijing Administration of Foreign Experts Affairs (“the Center”) started to use a new information system (“the System”) since 4 January 2016. All the companies are required to use the System to deal with any application for Working Permit. The System is mainly dealing with companies’ filing information; applications for employment license/working permit/expert certificate of ordinary […]

Preferential Income Tax Policy for Small and Thin-profit Enterprises

During the period from 1 October 2015 to 31 December 2017, Small and Thin-profit Enterprises, of which annual taxable income falls between RMB 200,000 and RMB 300,000 (inclusive), can also enjoy the privileged corporate income tax policy: pay corporate income tax at 20% based on 50% of its actual taxable income. For the profit during […]

Lee & Lee Associates contributes to China Business Handbook of CBBC

As a professional service firm in China, Lee & Lee Associates was invited to write the Section “Tax System & Unseen Costs” of the new China Business Handbook 2016 published by China-Britain Business Council (“CBBC”). The China Business Handbook 2016 is open to all to download free of charge from www.cbbc.org/handbook Mr. Stephen Phillips, the CBBC’s […]

Three Certificates in One Reform in China

The “Three Certificates in One” means Business License, Organization Code Certificate and Tax Certificate will be integrated into one Business License. This is a critical effort from the Chinese government authorities to further simplify the commercial registration procedures and improve the administration efficiency. This regulation became effective starting from 1 October 2015 across China. For […]