China VAT Rates Reduced

Since 1 May 2018, the VAT rates are adjusted down as below: a) Manufacturing industry: reduced from 17% to 16% b) Transportation, construction, basic telecommunication services industries and agricultural produces: reduced from 11 % to 10%. Lee & Lee Associates Insights: VAT payers should pay attention to below issues: 1) New rates should be applied […]

Seminars for Swiss Embassy Business Delegation for Three Consecutive Years

Lee & Lee Associates is a long-term partner and qualified service provider of Swiss Embassy, and has been providing services of reception and seminar for three consecutive years for the Embassy. The Swiss Embassy and business delegation, altogether 15 people, visited Lee & Lee Associates Beijing Office and participated in a seminar on “How to […]

Small and Micro Enterprise VAT Exemption Prolonged

In order to support the development of small and micro enterprises, VAT small-scale taxpayers whose monthly sales are not more than RMB 30,000 are exempted from VAT from 1 January, 2018 to 31 December 2020 (CaiShui [2017] No. 76).

New Policy on Work and Residence Permit in China for Foreigners

Lee & Lee Associates hosted a webinar on New Policy on Work and Resident Permit for Foreigners for China-Britain Business Council (CBBC) members in both China & UK. To work and live in China legally, foreigners need to obtain work and residence permit. For the complex work permit and residence permit application, you may want […]

How to Establish a Business in China by Avoiding Common Pitfalls

Invited by China-Britain Business Council (CBBC), Lee & Lee Associates hosted a seminar in Shanghai on How to Establish a Business in China by Avoiding Common Pitfalls for CBBC members who are interested in doing business in China. China’s rapid economic development has been attracting more and more foreign investors to come to China. In […]