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Draft of VAT Law of PRC, What's Your Comment?

tax
On November 27th, 2019, the Ministry of Finance and the State Administration of Taxation have released the draft of a Value added Tax Law of the People’s Republic of China for public comments. As a matter of fact, China has gone through a series of reforms in its VAT collection…

How Much IIT a Foreigner Have to Pay in China

tax
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The new Individual Income Tax law of PRC has come into effective for almost one year, but how to calculate the tax payable still remain a problem, particularly for foreigners working in China. This post will address some main issues related: 1. A foreigner could be a“resident individuals” individuals who…

Optimization of Business Environment

On Jan. 1, 2020, the Foreign Investment Law will come into effect.  In addition, the Regulation on the Optimization of Business Environment will come into effect as well, which was promulgated on October 8, 2019. This is good news for people doing business in China. Let’s look at some highlights…

Further Utilize Foreign Investment

On 7th of Nov, 2019, the State Council released the Opinions on Further Improving the Utilization of Foreign Investment, which put forward 20 measures to utilize foreign investment further.  The measures could be divided into four aspects namely, deepening market openness to foreign investors, promoting investment, deepening reform to facilitate…

Tax Credit Repair in China

News, tax
On 13th of Nov, 2019, the State Taxation Administration released an Announcement on Matters Related to Tax Credit Repair, to be effective from January 1, 2020. According to the announcement, entity taxpayers may apply to the competent tax authorities for tax credit repair within the prescribed time limit if they…

MICHAEL JORDAN’s Trademark War in China

News, Trademark
On October 16th 2019, the Supreme Court of PRC concluded the trademark dispute of Jordan Sports Company in Fujian province, holding that the trademark of the famous basketball player’s silhouette did not reflect Jordan’s personal characteristics, was not recognizable and did not constitute infringement of MICHAEL JORDAN’s right of portrait.…

Highlights of The Amended Trademark Law of PRC

Trademark
On 1st of Nov 2019, the forth amended Trademark Law of PRC took effect officially. Some long-term “headaches” for overseas corporations are addressed in this updated law.  The highlights are as follow: 1. Malicious squatting will be cut down in multiple ways. For quite a while now, trademark malicious squatting…

Updated! Treatment for Non-Resident Taxpayers

tax
On October 21st, 2019,the State Administration of Taxation (SAT) of the PRC released the updated Measures for the Administration of Non-Resident Taxpayers’ Enjoyment of the Treat under Tax Agreement. The new regulation will be implemented from January 1st, 2020, while the previous edition will be abolished at the same time.…

How to File a Lawsuit in China (P2-evidence)

litigation
After considering jurisdiction (which we can actually think about as early as when making a deal because one can agree to a more favorable jurisdiction in one’s contract), the next thing we need to consider is evidence. According to PRC civil procedure law, evidence that can be accepted by the judge…