In accordance with the laws and regulations of the People's Republic of China, both domestic and foreign-invested enterprises (FIEs) must adhere to specific annual compliance procedures—including annual audits, tax filings, and annual reporting—to meet legal, financial, ...

Effective from 1 January 2026, the Value-Added Tax Law of the People's Republic of China and its Implementation Regulations have officially come into force, and the Measures for the Administration of VAT General Taxpayer Registration have been repealed.

Today, December 18, 2025, marks a historic turning point for Hainan. The island has officially launched its island-wide special customs operations, effectively transforming the entire province into the world's largest Free Trade Port (FTP) by area.