COVID-19 Resources
The New Foreign Investment Law
Posted by Nina Wang on July 16, 2019
Nina Wang
In response to international criticism about China’s openness to foreign businesses and an attempt to attract more foreign investors to expand their businesses to China, the National People’s Congress passed the Foreign Investment Law of the People’s Republic of China (Foreign Investment Law) on March 15 2019, which will come into force on January 1, 2020.
Read more
How to Respond to the US-China Trade Friction
Posted by Nina Wang and Tim Hilligoss on January 29, 2019
The year of 2018 was essential to the world’s two greatest trading nations: the United States and China. Throughout 2018, the Trump administration proposed and launched a series of policies imposing additional duty rates on a wide range of products imported from China. China retaliated immediately by publishing a list of products imported from US as targets for an additional 25% tariff. This trade friction is sweeping worldwide and has significant impacts on businesses.
Read more
Impacts of the New China IIT Law
Posted by Nina Wang on January 28, 2019
On August 31, 2018, China passed the Draft Amendment to the Individual Income Tax Law (IIT Law), which is the most significant revamp in the past 38 years. The amendments will have a significant impact on foreigners living in China. The following is an overview of the key changes that may affect individuals in the global mobility arena.
Read more
China Released Tax-Reduction Measures
Posted by Nina Wang on January 10, 2019
In the past few months, China’s Ministry of Finance (MOF), State Administration of Taxation (SAT), and other governmental agencies released various new “Circulars” to the current Chinese corporate tax law. Most of these tax reduction measures took effect January 1, 2018 in order to support entrepreneurship, innovation, and the development of both high technology enterprises and small and mid-sized entities (SMEs).
Read more
China’s Reduced VAT (Value Added Tax) Rates
Posted by Nina Wang on August 28, 2018
Value Added Tax rates in China have been lowered, which is expected to save businesses 240 billion yuan a year.
Read more
Our China Practice
Posted by Robert Dutkiewicz on June 11, 2018
I am pleased to share the accomplishments from our China service team, from how they serve our clients to providing up-to-date information on the accounting, tax, and business needs of the China market.
Read more
Permanent Establishment in China
Posted by Tim Hilligoss and Nina Wang on March 13, 2018
In many cases, the owners of such foreign entities are not aware of PE concepts and as a result, the entities are subject to Chinese CIT liability.
Read more
High and New Technology Reform in China
Posted by Nina Wang on September 12, 2017
On January 29, 2016, the Chinese tax authority announced the amended administrative approval measures (Guokefahuo, 2016-32) for High and New Technology Enterprises (HNTE) to …
Read more
Five Questions Answered about Expat Individual Income Tax in China
Posted by Nina Wang and Timothy Hilligoss on July 25, 2017
As a direct result of globalization, there is an increasing amount of foreigners working in China. It’s important for a foreign person to know …
Read more
Clayton & McKervey Unveils New Mandarin Web Site
Posted by Clayton & McKervey on January 24, 2017
Clayton & McKervey, an international accounting and business advisory firm servicing growth-driven middle-market companies, introduced a new Mandarin web site on January 13, 2017. Created …
Read more