As a professional service firm in China, Lee & Lee Associates was invited to write the Section “Tax System & Unseen Costs” of the new China Business Handbook 2016 published by China-Britain Business Council (“CBBC”). The China Business Handbook 2016 is open to all to download free of charge from www.cbbc.org/handbook Mr. Stephen Phillips, the CBBC’s […]
The “Three Certificates in One” means Business License, Organization Code Certificate and Tax Certificate will be integrated into one Business License. This is a critical effort from the Chinese government authorities to further simplify the commercial registration procedures and improve the administration efficiency. This regulation became effective starting from 1 October 2015 across China. For […]
Tax authorities have put an increased focus on foreigners’ Individual Income tax (IIT) payments. For example, recently, many companies in Beijing have been requested to do a self-check on expatriate IIT compliance status including both regular tax payments and the eligible tax-free allowances. Experts Mr. Ken Lee and Ms. Amanda Li from Lee & Lee […]
There are two China VAT treatment scenarios when the used fixed assets are sold. When the taxpayer sells used fixed assets which were acquired or produced before the date of December 31 2008, the taxpayer can use a simplified method for calculating the China VAT payable at a rate of 3%. The formula is the […]
Lee & Lee Associates successfully held seminars for Spanish Chamber of Commerce in China and German Centre for Industry and Trade Beijing on tax policy updates. A number of new tax policies have been issued, aiming to improve the fiscal and taxation policy support for SMEs. The experts from Lee & Lee Associates are dedicated […]
Asia Pacific region is the most dynamic investment destination. If you want to invest in the region but don’t know how, please click the link below to find the information you need. This is a series of newsletters and this one is “Tax System Snapshot in Asia Pacific Region”. More interesting topics will follow up […]
Chaoyang District in Beijing continues subsidizing foreign talents who invest in China through “Phoenix Plan”, including financial aids and other support. There are four industries that could apply for the Phoenix Plan: Culture, High-tech, Finance and Modern Service. The basic requirements are: Independent legal person company that is registered and pays tax in Chaoyang District. […]
Lee & Lee Associates visited Changchun Municipal Bureau of Commerce & Economic and Technology Cooperation Bureau of Changchun City with British Business Delegation. The directors and leaders of the Bureaus warmly received us and introduced Changchun’s investment environment and opportunities in details. We’d like to share the information with you with hope that we could […]
“Negative List” has always been a highlight topic since the establishment of Shanghai Free Trade Zone (FTZ). When the negative list was firstly introduced in September 2013, it was fairly long and disappointing many foreign investors. On June 30 2014, the Shanghai Municipal Government published the much-anticipated Special Administrative Measures (Negative List) on Foreign Investment […]
Lee & Lee Associates will co-organize a seminar with German Centre for Industry and Trade Beijing with topic: challenges of foreign invested SMEs. The event details are as below. Wednesday, 20 August 2014 — 14:00h to 16:00h Organiser: German Centre for Industry and Trade Beijing/ Lee & Lee Associates Place: German Centre Beijing Meeting Room […]
