2024-10-22
Set Sail for the Sea, With Tax Benefits - Analysis of the Types of VAT Export Refund (Exemption) and Key Points of Declaration Practice
The continuous deepening of global trade has accelerated the pace of Chinese enterprises' "going global". In this process, the export tax rebate policy has become a key boost to enhance the international competitiveness of products. This article will summarize the core content of the value-added tax policy for exported goods and deeply analyze the key links of its tax refund (exemption) management, aiming to help enterprises understand and apply this policy more effectively, and provide strong support for the financial and tax management of enterprise goods exports.
2024-09-12
Analysis of Key Points for Pre-Tax Deduction of Corporate Income Tax on Bad Debt Losses of Accounts Receivable (With Examples)
Under the current economic downward pressure, with a significant increase in the number of bankruptcies and deregistered companies, the bad debts of corporate accounts receivable have increased significantly. It is more important for companies to conduct compliant tax treatment of bad debt losses caused by uncollectible accounts receivable. What are the key points for pre-tax deduction of corporate income tax on bad debt losses of accounts receivable? How to avoid tax risks and prevent unnecessary tax losses? This article will analyze the conditions and key points for tax deduction of bad debts of accounts receivable, provide tax return guidance with examples, and remind you of the requirements for reference materials.
2024-09-12
The 'Crime' and 'Punishment' of Tax Violations: A Must-Read Guide for Financial and Tax Personnel
As tax collection and management efforts continue to increase, some taxpayers need to face the risk of tax violations and irregularities caused by tax management omissions or improper operations. This article aims to briefly discuss the consequences of tax violations and irregularities in order to enhance taxpayers' compliance awareness and risk management capabilities.
2024-07-03
Hargent Global Tax Research Platform
Hargent Global Tax Research Platform (www.hargentax.com) The website is a comprehensive research platform that tracks and analyzes the latest tax policies in China and other jurisdictions around the world.
2024-10-22
Enterprise Must Read! The New Policy of Water Resource Tax Reform Has Been Introduced, And This Article Summarizes the Key Points of Policy Changes
Notice on Issuing the Implementation Measures for the Pilot Reform of Water Resource Tax (Caishui [2024] No. 28) jointly issued by Ministry of Finance, State Taxation Administration and Ministry of Water Resources will be officially implemented nationwide from December 1, 2024. This article will compare and analyze the key differences and key points between this Notice and the previous Implementation Measures for Expanding the Pilot Reform of Water Resource Tax, aiming to help enterprises deeply understand and efficiently apply the latest policies, and provide strong support for enterprises to accurately pay water resource tax.
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Two Pillars
Gain an Advantage by Acting Early: Comprehending and Implementing the Newest Safe Harbor and Penalty Exemption Clause in Pillar 2 GloBE Rules
The OECD recently announced the 'Safe Harbor and Penalty Exemption: Global Anti Tax Base Erosion GloBE Rules (Pillar 2)' on December 20, 2022. By applying these clauses early, MNE groups can reduce their compliance expenses in low-risk jurisdictions and avoid tax penalties by tax authorities.
2023-01-05 Sun Rui Wu Xiaoqiang Tang Changyu
How to Distribute Year-end Bonuses to Minimize Individual Income Tax and Our Guide Includes Calculation Examples.
An increase of one yuan in year-end bonus for enterprises may result in a decrease of over 10000 yuan in employees' after-tax income. Learn the optimal segmentation scheme
2023-01-05 Ling Fanglei Zhao Li Ma Mingli
Explaining the Personal Pension System and Individual Tax Preferential Policies (with examples)
Learn about the new personal pension program, including eligibility, participation, and tax benefits, with our practical guide.
2022-12-05 Wang Jianfeng WangXu
Chinese Enterprises Need to Adapt Recent Progress in the "Two Pillars" Initiative by Taking Three Things.
The OECD has published its initial update on Pillar 1 Amount A. This report, combined with various public consultation papers from earlier this year, provides a detailed explanation of the overall structure of the proposed Pillar 1 regulations and its practical implementation.
2022-11-28 Wu,Xiaoqiang Tang,Changyu Jin,Chuan
How to Pay Stamp Duty If a Construction Enterprise Authorizes or Signs a Tripartite Agreement to Authorize Other Units Within the Group to Implement After Winning a Bid
2022-10-28 Hargent
Analysing the Tax Refund Policy for Residents Exchanging Their Housing Purchases
From Oct 1, 2022, to Dec 31, 2023, homeowners who sell and buy within a year can receive tax incentives. The Ministry of Finance and State Taxation Administration offer tax refund discounts on personal income tax already paid on the sale of their current housing. This policy aims to support residents in improving their housing conditions.
2022-10-25 Hargent
China Continuously Improves Green Tax System
China has been working towards a green transformation of economic and social development through the implementation of a green tax system and preferential policies. These efforts have resulted in progress towards green development, which will be reported at the upcoming 20th National Congress of the Communist Party of China.
2022-10-25 Hargent
Electronic Invoicing is Replacing Traditional Paper Invoices, Leading to a Paperless Era
Recently, the General Office of the State Council, PRC issued the "Opinions of the General Office of the State Council on Further Optimizing the Business Environment and Reducing the Institutional Transaction Costs of Market Entities" (Guo Ban Fa [2022] No. 30), which clearly requires the implementation of paperless reimbursement, recording, archiving, storage, etc. of electronic invoices by the end of 2022 and is the responsibility of relevant departments of the State Council and regions such as the Ministry of Finance, the People's Bank of China, the State Administration of Taxation, and the National Archives Bureau according to their respective responsibilities, Effectively improve the level of tax and payment services, reduce institutional transaction costs for market entities, and optimize the tax and business environment.
2022-10-25 Hargent
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