14 September 2024 China to Gradually Raise Statutory Retirement Age Starting January 2025 China has announced a comprehensive plan to raise the statutory retirement age over the next 15 years, marking the first significant adjustment since the 1950s. The decision, adopted by China’s top legislature on September 13, 2024, aims to better utilize human resources and respond to the challenges…

Ministry of Finance and State Administration of Taxation Announcement No. 15 [2022] In order to further support the development of small and micro enterprises, the relevant VAT policies are hereby announced as follows: From April 1, 2022 to December 31, 2022, small-scale value-added tax taxpayers are subject to a 3% taxable sales income and are exempt from value-added tax; prepaid…

Great news for Futian based businesses on how the government can help you financially during the recent epidemic prevention measures. I will talk about different subsidies that you and your business might qualify for.1.  RENT REDUCTION For tenants who rent state owned properties, rent is free for March and 50% of rent for April. For tenants who rent private properties, The government will reimburse…

The following announcement was released on the 14th of March, 2022, by the Ministry of Finance and the State Administration of Taxation. The announcement was published on their official website on March 18, 2022. To access the original Article, scroll to the end of the article, and Scan the QR Code to follow the link to the Government Website.   “ANNOUNCEMENT ON…