Recently, many foreign entrepreneurs and high-net-worth individuals operating in China have received information update notices from banks requesting supplementary tax residency declarations. This is not a routine annual review, but a clear signal of the upgrade to CRS 2.0,...

Environmental, social, and governance (ESG) related risks are becoming more relevant to the ability of entities to exist and thrive. As the landscape of risks continuously changes, it is imperative for entities to have a strong ERM system in place to ensure that strategy ...

In China, social insurance contributions are generally calculated based on employees' salary income, subject to the lower and upper limits announced by local authorities. According to the PRC Social Insurance Law, employers are required to declare and pay social insuranc...