Other Briefings
China Raises IIT Special Additional Deduction Standards on Three Expenses
China’s cabinet has raised IIT pre-tax deduction standards on expenses related to childcare, education, and elderly support.
Tax-Exempt Fringe Benefits for Expatriates in China Extended till End of 2027
China’s IIT preferential policy allowing some non-taxable fringe benefits for expatriates is extended till the end of 2023; it was set to expire in 2022.
China’s IIT Preferential Policy for Expatriates Extended to End of 2027: Key Points
China has extended individual income tax benefits for foreigners, such as on rental and education expenses, till the end of 2023.
China’s New Stamp Tax Law: Compliance Rules, Tax Rates, Exemptions
China’s new Stamp Tax Law takes effect July 1, 2022, and will trigger simplification of tax compliance, changes to some tax rates, and new exemptions.
China’s IIT Special Additional Deductions: An Explainer
China has implemented special additional deductions under the new IIT Law since 2019, and now it decided to raise the deduction standards on expenses for raising and educating kid and supporting elderly.
China Extends the Preferential Tax Treatment for Annual One-Time Bonus to the End of 2027
China will extend preferential tax treatment for the annual one-time bonus until the end of 2027; it was set to expire by the end of 2023. We answer FAQs.
China Annual (One-Off) Bonus: What is the Income Tax Policy Change?
We explain the preferential income tax treatment on annual bonus for some tax residents in China (including expatriate staff) – now extended to end of 2027.
A Brief Guide to Hong Kong Company Audits
We provide an overview of Hong Kong audit requirements for companies, including yearly statutory audits and audits for tax filing.
