Tax and Accounting

When deciding to set up office in China most companies face a long list of practical issues they need to deal with. Legislation and taxation issues, as well as IPR, hiring employees, conducting due diligence before deciding to commit to a partnership with a local company, or the right choice of location can be cumbersome and time-consuming processes.

Taxation in China is a complex topic because legislation is constantly changing. The State Administration of Taxation (SAT) and the Ministry of Finance (MOF) are the authorities empowered to interpret China’s tax laws and regulations. The SAT is responsible for the formulation and coordination of tax policies as well as for the supervision of the work of local tax bureaus established ...

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