Global News

Tag: China

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Type: Legislation In 2020, the Chinese government launched the e-Fapiao system, which is an electronic invoice system. This is a five-year digitalization project that will see the use of electronic […]

Type: Legislation China will exempt natural museums, public science and technology museums, meteorological observatories, planetariums, seismic stations, and institutions affiliated with universities and scientific research institutions from import duty and […]

Type: Legislation China’s capital Beijing has revealed that the city’s tax department will introduce blockchain or distributed ledger technology (DLT)-powered invoicing. The new service was reportedly launched on March 2, […]

Type: Proposal The customs department observes the production status of the enterprise by directly capturing the enterprise ERP system and focuses on the correspondence between customs information and enterprise procurement; production; sales; inventory; […]

Type: Legislation Enterprises that use the data exchange method to declare to the customs can generate electronic data messages to declare to the customs as required by the announcement. The […]

Type: Legislation The ruling announces the applicable forms for different income sources and residency. Local tax authorities shall provide instructions for taxpayers. According to different situations, the original “individual income […]

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