Tag: Tax
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China Shifts VAT Burden for Freelancers to Paying Entities with November 1 Rules
Read more: China Shifts VAT Burden for Freelancers to Paying Entities with November 1 RulesSeptember 4, 2026 (InvestinChina.asia) – China’s Ministry of Finance and State Taxation Administration on Thursday published the Measures for Domestic Entities Withholding Value-Added Tax on Natural Persons, a landmark procedural rule that, from November 1, will require companies and institutions paying individuals for seven categories of services to withhold and remit VAT at the moment of…
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China Ends 11-Year Tax Holiday for Lithium Batteries, Hikes Rate to 4% by 2027 While Exempting Solid-State and Sodium-Ion
Read more: China Ends 11-Year Tax Holiday for Lithium Batteries, Hikes Rate to 4% by 2027 While Exempting Solid-State and Sodium-IonSeptember 1, 2026 (InvestinChina.asia) — China has begun implementing a phased adjustment to its battery consumption tax policy, ending an 11-year tax holiday for mature lithium-ion and other conventional battery technologies while extending exemptions to next-generation alternatives — a structural recalibration that industry analysts say accelerates the transition to newer chemistries. The Announcement on Adjusting the…
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Beijing Shifts Investment Promotion From “Preferential Deals” to “Business Environment” as Cabinet Passes Draft Tax Administration Law
Read more: Beijing Shifts Investment Promotion From “Preferential Deals” to “Business Environment” as Cabinet Passes Draft Tax Administration LawThe State Council on Monday steered China’s investment-promotion machinery away from subsidy-and-incentive competition toward a model built on business environment, industrial ecosystem and high-quality government services, while passing a draft revision of the Tax Administration Law that officials say will advance tax fairness and improve fiscal governance. Presiding over the executive meeting, Premier Li Qiang…
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China Ends 32-Year Tax Exemption on Foreign Investors’ Dividends from Foreign-Funded Firms
Read more: China Ends 32-Year Tax Exemption on Foreign Investors’ Dividends from Foreign-Funded FirmsSeptember 1, 2026 (InvestinChina.asia) — China has repealed a 32-year-old tax exemption that allowed foreign individuals to receive dividends and bonuses from foreign-invested enterprises (FIEs) without paying personal income tax, the Ministry of Finance (MOF) and the State Taxation Administration (STA) announced on Tuesday. Under Announcement No. 27 of 2026, released by the two departments on…
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China Sets 20% Tax on Individual Sales of Restricted Stock, Demands Cost-Basis Disclosure
Read more: China Sets 20% Tax on Individual Sales of Restricted Stock, Demands Cost-Basis DisclosureChina moved on Friday to standardize how individuals pay tax on the sale of restricted shares in listed companies, issuing a joint circular that fixes the applicable rate at 20%, tightens the calculation of cost basis, and establishes a unified settlement process for taxpayers. The rules were published as Announcement No. 26 of 2026 by the Ministry…