Elizabeth Shi

What You Should Keep In Mind When Determining Your Individual Income Tax

In January 2019, the new Chinese Individual Income Tax Law took effect. Now, over 6 months into the year, a drop in tax revenue been reported. This is seen at least partially as result of the new law, specifically of the increase of the taxable thres...

New in 2019: All Small-scale VAT Taxpayers Can Now Issue Special VAT Invoices by Themselves

Many smaller business falling into the category of so-called small-scale taxpayers will from now on be able to issue Special VAT Invoices (also known as Special VAT Fapiaos). Special VAT Fapiaos are the only receipts officially recognized for tax ded...