When doing tax registration, choose to do small-scale taxpayer or general taxpayer.For new companies, it can be a small taxpayer or a general taxpayer. If it is a small-scale taxpayer, the levy rate is 3% (From January 1,2023 to December 31,2027, the tax preference will be reduced to...
In 2023, the exchange rate of RMB against USD will be mainly determined by the relative economic growth of two countries. China’s GDP growth will rise notably, and the growth of United States will decline markedly. Therefore, there is a high probability for RMB to appreciate against USD. W...
Discover China's Corporate Income Tax for 2025. Learn about rates, filing, exemptions, and policies to stay compliant and optimize your tax strategy.
• The ETF currently does not provision for withholding tax on capital gains (“CGT”) arising from its investment via CAAPs, QFII or RQFII on or after 17 November 2014, or its investment via Stock Connect. There are risks and uncertainties associated with the current PRC tax laws, regulat...
October 2023 Enhanced Added the scenarios of KONBINI, BANKTRANSFER_PAYEASY, and ONLINEBANKING_PAYEASY to the fields order.buyer.buyerEmail, order.buyer.buyerEmail.buyerPhoneNo, order.buyer.buyerEmail.buyerName.firstName, and order.buyer.buyerEmail.buyerName.lastName of the pay (Checkout Payment) ...
China's New Interest Rate Cut July 2012 The Chinese central bank surprised on July 5 , 2012 by deciding to cut the interest rate for the second time within one month. The interest on deposits was cut by 0.25% down to 3.0% while the lending rate was cut by 0.31% down to 6.0%. ...
In March 2023, Xin Guobin, the vice minister of industry and information technology,announcedthat the government will engage in discussions to continue the tax exemption for “the acquisition of new energy vehicles as soon as possible.” This move aims to provide support for the country’s econom...
The Gross Domestic Product (GDP) in China expanded 4.5 % YoY in Mar 2023, following a growth of 2.9 % in the previous quarter. Real GDP Growth YoY data in China is updated quarterly, available from Mar 1992 to Mar 2023, with an average rate of 8.8 %. The data reached an all-tim...
China left the rest of the world far behind regarding the development of mobile payment services.The number of mobile payment users in Chinaexceeded 953 million in 2023, while thepenetration rate rankedat the top among major countries in the world. In 2019, a total of 205 trillion yuan wastr...
Today, the US inflation rate is nearing 8%, and the unemployment rate fell to just 3.6% in March. As a result, Summers now sees an 80% chance of a US recession by next year.美国前财政部长劳伦斯•萨默斯在近期发表在《华盛顿邮报》上的一篇专栏文章中强调,当前的经济状况无疑让人联想起美国...