Tax authorities have put an increased focus on foreigners’ Individual Income tax (IIT) payments. For example, recently, many companies in Beijing have been requested to do a self-check on expatriate IIT compliance status including both regular tax payments and the eligible tax-free allowances. Experts Mr. Ken Lee and Ms. Amanda Li from Lee & Lee […]

There are two China VAT treatment scenarios when the used fixed assets are sold. When the taxpayer sells used fixed assets which were acquired or produced before the date of December 31 2008, the taxpayer can use a simplified method for calculating the China VAT payable at a rate of 3%. The formula is the […]

Lee & Lee Associates successfully held seminars for Spanish Chamber of Commerce in China and German Centre for Industry and Trade Beijing on tax policy updates. A number of new tax policies have been issued, aiming to improve the fiscal and taxation policy support for SMEs. The experts from Lee & Lee Associates are dedicated […]

Asia Pacific region is the most dynamic investment destination. If you want to invest in the region but don’t know how, please click the link below to find the information you need. This is a series of newsletters and this one is “Tax System Snapshot in Asia Pacific Region”. More interesting topics will follow up […]

Chaoyang District in Beijing continues subsidizing foreign talents who invest in China through “Phoenix Plan”, including financial aids and other support. There are four industries that could apply for the Phoenix Plan: Culture, High-tech, Finance and Modern Service. The basic requirements are: Independent legal person company that is registered and pays tax in Chaoyang District. […]

Lee & Lee Associates visited Changchun Municipal Bureau of Commerce & Economic and Technology Cooperation Bureau of Changchun City with British Business Delegation. The directors and leaders of the Bureaus warmly received us and introduced Changchun’s investment environment and opportunities in details. We’d like to share the information with you with hope that we could […]