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In the world of cross-border business, many Foreign-Invested Enterprises (FIEs) in China find themselves in a sudden "squeeze." The foreign tax authorities might knock on the parent company's door asking: "You’ve provided technology and branding to your China subsidiary for years—why haven't you charged them in royalties?" In a rush to comply, a contract is

Starting April 1, 2026, China will introduce a major revision of its VAT export rebate policy, the mechanism that allows exporters to recover value-added tax paid during the production process when goods are sold abroad. Historically, this system has enabled Chinese exporters to reclaim part or all of the VAT paid along the supply chain,

The reference framework for 2026 is, first and foremost, Law No. 199 of 30 December 2025 ("State budget for the 2026 financial year and multi-year budget 2026–2028"), in force since 1 January 2026. Alongside the budget law, the following elements are also relevant: (i) the AIRE registration and sanction framework introduced by the 2024 Budget

From "Decontribuzione Sud" automatism to "Bonus Zes Unica" rigor: changes in costs for businesses The year 2026 represents a major turning point for the job market in Southern Italy. Moving from the previous "Decontribuzione Sud" (implemented during the pandemic) to the new instruments imposed by the Decreto Coesione and by ZES Unica, such change has

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, and regulatory standards. These activities are not only a legal obligation but also an opportunity for companies to understand

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have officially come into force, and the Measures for the Administration of VAT General Taxpayer Registration have been repealed. This change marks a shift in China's VAT system from one primarily governed by administrative regulations to

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. This isn't just a policy update; it's the birth of a "second border" within China. Here is a look

Vietnam is intensifying its ESG regulations, which can affect corporate compliance, financing, and foreign direct investment. The country aims to comply with its commitment made during COP26 in Glasgow to become net zero emission by 2050. For companies planning to expand into Vietnam, or for already established enterprises, staying updated on these rules is essential

August 8th 2025 – In one of the most generous municipal pro-natal measures to date, Shanghai's Human Resources & Social Security Bureau—together with the Municipal Finance Bureau, the Medical Insurance Bureau, the State Tax Service, and the All-China Women's Federation branch— announced a six-month, 50 % refund on employers' social-insurance contributions for every employee on

Corporate liquidation is a complex and meticulous financial task that is both a necessary legal procedure and a crucial part of corporate financial management. This article provides a detailed overview of the corporate liquidation process, key points, and financial management methods to help you understand the entire process. I. Preparatory Phase (i) Determining the Method

The most awkward challenge in your first year of business isn't lack of orders, but disorganized bookkeeping. Hiring a full-time accountant? Monthly salaries of several thousand yuan can drain your cash flow instantly. Now, Shanghai district finance bureaus are directly negotiating group discounts on agency bookkeeping services, slashing market prices of 500-800 yuan/month to either

In the annual corporate income tax reconciliation process, what financial professionals fear most is receiving a notice from the tax authorities about a special tax adjustment interview. This is because such adjustments typically involve large tax amounts and can retroactively adjust tax periods for a long time. This article will use a case study to