On January 17, 2024, China announced the implementation of a unilateral visa-free policy for citizens of Ireland. The news came in the wake of Chinese Premier Li Qiang's bilateral meeting with Irish Prime Minister Leo Varadkar, and a reception hosted by Irish President Michael D. Higgins, signaling a further deepening in the diplomatic relations between the two nations.
In our Asia Transfer Pricing Brief for Q4 2023, we discuss annual peer reviews of BEPS Action 13 and BEPS Action 5 as well as the MAP statistics released for 2022 and offer advisory on best practices for MNEs.
Starting January 11, China's National Immigration Administration has begun implementing new measures to streamline visa applications and reduce border inspection in order to ease entry requirements for foreign travelers.
China announced unilateral visa-free access for Swiss citizens and the initiation of an FTA upgrade, highlighting strengthened diplomatic ties and economic collaboration between the two nations amid geopolitical complexities.
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Sign Up NowOn January 17, 2024, China announced the implementation of a unilateral visa-free policy for citizens of Ireland. The news came in the wake of Chinese Premier Li Qiang's bilateral meeting with Irish Prime Minister Leo Varadkar, and a reception hosted by Irish President Michael D. Higgins, signaling a further deepening in the diplomatic relations between the two nations.
China's GDP in 2023 beat targets thanks to strong performance in industrial and service sectors. We look at China's 2023 economic indicators and discuss the country's economic trajectory.
China's gross domestic product expanded by 5.2 percent in 2023 while the population decreased 2.08 million as compared to last year.
China announced unilateral visa-free access for Swiss citizens and the initiation of an FTA upgrade, highlighting strengthened diplomatic ties and economic collaboration between the two nations amid geopolitical complexities.
Timeline tracking key developments affecting US-China bilateral trade and business engagement under the Joe Biden administration.
In our Asia Transfer Pricing Brief for Q4 2023, we discuss annual peer reviews of BEPS Action 13 and BEPS Action 5 as well as the MAP statistics released for 2022 and offer advisory on best practices for MNEs.
China taxpayers must complete stamp tax declaration and payment by January 15 if there has been an increase in tax items, such as "paid-in capital" and "capital reserve," in the 2023 business account books.
In this monthly China tax brief, we highlight December 2023 tax and foreign exchange policies for supporting businesses, attracting talents, and facilitating cross-border investment and transactions.
Businesses operating in China are suggested to pay attention to the tax filing and payment deadlines for 2024 to avoid late payment penalties and tax credit downgrading.
Zhuhai's application deadline is January 5, 2024. Zhaoqing will close applications on January 20, 2024. Guangzhou's application will end on February 29, 2024. Jiangmen and Zhongshan's applications are yet to start.
We discuss the Judicial Interpretation of the Contract Part, and explain key considerations for enterprises in China in the realm of contract management practices.
We discuss the new Hong Kong-Mainland Recognition and Enforcement of Judgments (REJ) regime and assess its potential ramifications on businesses.
China has amended its Criminal Law to toughen provisions on bribery in the private sector.
New guidelines allow companies to sign standard contracts to transfer personal information between Hong Kong and the Chinese mainland.
Determining registered capital in China is an essential process for corporate establishment. Here's what foreign companies need to know.
Hong Kong, positioned at the crossroads of finance and sustainability, emerges as a key player in the global ESG landscape. With robust regulatory frameworks, strategic green finance initiatives, and a surge in demand for ESG expertise, Hong Kong offers a vibrant ecosystem for sustainable finance.
China's medical beauty market has emerged as a standout sector amid global economic challenges, exhibiting remarkable growth and resilience. Fueled by capital influx and a well-defined industrial chain, the industry has become a focal point for consumption growth within the broader beauty and healthcare sectors, offering an array of opportunities for foreign businesses and investors.
We discuss why China's new-type industrialization thrust is an opportune time for foreign businesses and investors looking to expand their presence in the Chinese market.
We break down the factors driving growth in China's outdoor sports industry, including local preferences and demographic-linked habits. Foreign brands face growing competition from China firms but can customers at the premium and entry-level segments.
China's machine tool industry, with a market value surpassing RMB 200 billion (approximately US$27.86 billion), heavily depends on foreign imports, creating diverse opportunities for global collaboration and investment, bolstered by substantial government incentives.
Coming into 2024, the new minimum wage standards of Henan, Jiangsu, and Zhejiang took effect from January 1. Liaoning's new minimum wage standards will come into effect on May 1.
Starting January 11, China's National Immigration Administration has begun implementing new measures to streamline visa applications and reduce border inspection in order to ease entry requirements for foreign travelers.
With borders open again, we look at all of the China visa-free policies that are currently in place and clarify who is eligible to benefit from them.
China and Thailand have agreed to a permanent visa-free policy starting March 2024, fostering diplomatic relations and stimulating economic activity in their respective tourism sectors.
Zhuhai's application deadline is January 5, 2024. Zhaoqing will close applications on January 20, 2024. Guangzhou's application will end on February 29, 2024. Jiangmen and Zhongshan's applications are yet to start.
New guidelines allow companies to sign standard contracts to transfer personal information between Hong Kong and the Chinese mainland.
Timeline tracking key developments affecting US-China bilateral trade and business engagement under the Joe Biden administration.
Successful ERP implementation hinges on cultivating precise expectations, a profound grasp of business essentials, and a meticulous plan, while enlisting a capable implementer and employing shrewd end-user strategies to unleash the system's transformative power.
This handbook helps explain the key facets of China’s CBDT regime from a business perspective, highlights recent trends and expected developments, and offers practical steps for businesses to consider when planning their compliance approach.
Comments made by EU Commission President suggest China will seek to facilitate cross-border data flows in 2024 by providing more regulatory clarity.
Dezan Shira & Associates is a pan-Asia, multi-disciplinary professional services firm, providing market entry, legal, accounting, tax, HR, technology and operational advisory to international investors.
Asia Briefing publishes articles, magazines, and guides on doing business in Asia. Dezan Shira & Associates has produced the publication since 1999.
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