On 19th April 2016, SAT issued the 23rd Announcement. It specifically regulated the exemption of VAT for small-scale VAT payer after switching from Business Tax to VAT. The small-scale VAT payer should separately account for the 2 categories of revenue – 1) the sales for selling goods, provision of service of processing or repair, and, 2) the services or sales of intangible assets. During the period from 1 May 2016 to 31 December 2017, VAT shall be exempted for the revenue if that category revenue is less than RMB 30,000 per month (or quarterly RMB 90,000 if declared quarterly).
Lee & Lee Associates Insights: Small-scale VAT payers should make the most of this privileged VAT policy by just separately accounting for the 2 categories of revenue.
Expatriate Services Report for Companies with Internationally Mobile Workforces has been newly launched
A new Expatriate Services Report was published by Alliott Group on 4 July 2016. Alliott Group is a leading international alliance of professional services firms, in which Lee & Lee Associates is the local affiliated member in China. The report targeted at the needs of senior executives working for internationally focused SME businesses and provides a reference tool on the mesh of interrelated tax, immigration and employment law issues that will be encountered by an internationally mobile workforce.
The report covers 29 countries. And information in the report answers the types of questions handled on an almost daily basis by Alliott Group members, including the insights from Lee & Lee Associates.
The services available from Lee & Lee Associates as one of Alliott Group member firms will help companies to better manage the mobility process, assess optimum remuneration packages and monitor cross border employment structures and company costs.
You could download the report through the link: http://www.alliottgroup.net/article/view/1387
