NEWS
NEWS
The Chinese enterprise A has defaulted on the payment for goods in the cross-border trade with enterprise B from another country. Due to the large investment in reproduction, A is unable to make the payment to B in short period of time. Nevertheless B is optimistic about A’s future development and wishes to further cooperating with A.
Author: Chariman of Zhonglun Wende Group, Wen CHEN
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In accordance with the Chinese Tax Law, from 2020, every tax resident of China shall be required to declare the gross individual income of the previous year (hereinafter referred to as “annual declaration” ). Recently, we have received a lot of inquiries from foreigners on annual declaration. Hereby, we are going to give a guidance and share the policy of subsidizing foreign individuals working in the Great Bay Area.
“Detailed Implementation Rules for the Pilot Program of Facilitating Examination for Revenue Payment under Capital Accounts in Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone” (Shen Wai Guan [2018] No.20)
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On January 14th 2020, China Banking and Insurance Regulatory Commission (CBIRC) published Implementation Measures of the CBIRC for the Implementation of Administrative Licensing Items concerning Non-Banking Financial Institutions (Consultation Paper), to consult the public for comments. The deadline for feedback was February 13, 2020.