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China's Extra Deduction on R&D Expenses
The State Taxation Administration (STA) and the Ministry of Finance (MOF) have jointly released the Announcement on Relevant Matters...
Severance Payment for Labor Termination
The severance payment is the compensation given to an employee who is laid off or terminated his job. In China, the severance...
Tax-Free Allowances for Expats 2023
Foreign employees resident in China can choose to claim the special additional deductions or continue applying the preferential...
China’s FDI May 2023
According to the Ministry of Commerce, Foreign Direct Investment (FDI) into the Chinese mainland reached RMB 574.8 billion during the...
China’s CPI May 2023
According to the latest data released by the National Bureau of Statistics, China's consumer price index (CPI), a leading indicator of...
Chinese Yuan to Be the Asia-Pacific New Currency
China has outlined its strategic objective of enhancing the utilization of the yuan by leveraging regional trade agreements and offshore...
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