Our collection of resources based on what we have learned on the ground
Resources
Q&A
What is the difference between zero-rated value-added tax (VAT) and VAT exempt s...
- May 2014
- Members Access
The difference between zero-rated and exempted VAT is that, under zero-rated VAT the input VAT attributable to the export of services can be credited from VAT payable and/or refunded. Under the VAT exemption system, the input VAT attributable to expo...
Q&A
What happens if a service is eligible for both value-added tax (VAT) zero-rating...
- May 2014
- Members Access
If a service is eligible for both VAT zero-rating and VAT exemption, VAT zero-rating takes precedence over VAT exemption. Providers of zero-rated VAT services may opt to pay VAT or apply for VAT exemption instead by filing a relevant declaration. How...
Q&A
How does an enterprise obtain tax exemption for exported services in China?
- May 2014
- Members Access
To obtain exemption for exported services, a written cross-border service contract must be signed with the service recipient. In addition, the entire income from providing the service must be obtained from overseas. This could pose problems for inter...
Q&A
Has the tax burden for logistics enterprises increased due to the value-added ta...
- May 2014
- Members Access
The tax burden for logistics enterprises has nearly doubled since the implementation of the pilot reform. The 11 percent VAT rate for transportation industries replaced the previous 3 percent business tax (BT); while storage, delivery and cargo forwa...
Q&A
What factors should businesses in China consider to estimate possible changes in...
- May 2014
- Members Access
In estimating changes in their tax burden, businesses can consider the following factors: The proportion of expense that is input VAT deductible against the income; Ability to obtain certificates for claiming input VAT; Composition of suppliers;...
Q&A
What does a China Compulsory Certification (CCC) entail?
- May 2014
- Free Access
China Compulsory Certification (CCC) is a compulsory safety mark for domestically manufactured and imported products into China approved and jointly released by the General Administration for Quality Supervision and Inspection and Quarantine (GAQSIQ)...
Q&A
What does General Administration for Quality Supervision and Inspection and Quar...
- May 2014
- Free Access
General Administration for Quality Supervision and Inspection and Quarantine (GAQSIQ) is an administrative department directly under the State Council. It is in charge of quality supervision, inspection, animal and plant quarantine, and food safety f...
Q&A
What does China Quality Certification Centre (CQC) entail?
- May 2014
- Free Access
The China Quality Certification Centre (CQC) is a professional certification body under the China Certification & Inspection (Group) Co., Ltd. (CCIC). The CQC’s core functions include China Compulsory Certificate (compulsory safety mark for...
Q&A
How to obtain a China Inspection and Quarantine (CIQ) certificate?
- May 2014
- Free Access
China Inspection and Quarantine (CIQ) certificate can be obtained by the consignee or agent who should apply for the inspection with the inspection bureau located at the place of Customs declaration. Registered agencies at inspection authorities can ...
Q&A
Can medical products be imported into China?
- May 2014
- Free Access
Yes, but heavier restrictions are imposed on the import of medical products. These products must be conducted via ports specifically designated for importing them. Currently there are 19 of those ports in China: Beijing, Tianjin, Shanghai, Dalian, Qi...
Q&A
What does the China Energy Label (CEL) entail?
- May 2014
- Free Access
The China Energy Label (CEL) is used to show the energy efficiency level of an energy-consuming product. It is similar to the EU Energy Label. It provides consumers with the information they need when they are making purchasing decisions, to guide...
Q&A
Why set up a Representative Office (RO) in China?
- May 2014
- Free Access
A Representative Office (RO) is an effective way for foreign investors to get a feel for the Chinese market while demonstrating commitment to the market. It is the easiest type of foreign investment structure to set up and, unlike the Wholly Foreign-...
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