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Visa free policy from 2019 Dec

Visa free policy from 2019 Dec

2019-11-20
From Dec 1st 2019, Ningbo implements the 144-hour visa-free transit, which targets citizens from 53 countries and regions and allows them to transit in Shanghai, Zhejiang and Jiangsu for a stay length not more than 144 hours, ie., six days....
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Big change on China personal tax rate

Big change on China personal tax rate

2022-11-30
Chinese government has approved a new personal income tax policy which will take effect from Oct 2018. Monthly salary between 7000 RMB to 20000 RMB can expect to pay 50 % to 60% less income tax compared with former tax rate....
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China VAT rate reduction

China VAT rate reduction

2017-10-18
From May 2018, VAT rate for Manufacturing industry will be reduced from 17% to 16% , VAT rate for transportation industry, construction industry, basic telecommunications services and agricultural products sales will be reduced from 11% to 10%....
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Investment approval procedure cancelled for foreign investment in China

Investment approval procedure cancelled for foreign investment in China

2017-01-03
China Ministry of Commerce has changed the foreign investment approval system into filing system. It means WFOE whose industry is not restricted type or prohibited type can directly start the business registration first and then complete the filling s...
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