Expert Insight
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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.
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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.
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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.
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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.
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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-
Optimise R&D Super-deduction and Prepayment to Help Enterprises Enjoy Tax Incentives in Advance.
From January 1, 2023, enterprises can receive an extra deduction for their R&D expenses incurred in the year's first half if they make prepayments in July. This means companies can enjoy preferential treatment three months earlier than before, based on their original October prepayment declaration.
2023-07-20 Mao Xu Sun Ru Xiao Dongmei
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The Recognition of the New Policy among Hong Kong Tax Residents: Local Companies can Simplify the Issuance of Certificates but still need to Notice the Economic Essence when Enjoying Treaty Benefits!
Beginning on June 12th, the Inland Revenue Department will modify the procedures for evaluating and distributing Hong Kong tax resident identity certificates. This will involve defining tax residents in tax treaties and implementing new application forms.
2023-07-20 Wu Xiaoqiang Tang Changyu Yang Hao
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Essential Considerations for Managing Outsourced R&D Expenses and Super-Deduction: Identifying Type and Transaction Value of Technical Contracts
Can I get extra deductions for outsourcing R&D expenses? What technology contracts count as R&D projects? Does the transaction amount of technology contracts affect the deduction base? Hargent can provide insights based on experience.
2023-06-15 Guo Caihuan Wang Xu
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The "Digital Electronic Invoice" Pilot Program has Greatly Expanded, Consolidating Valuable Information Into a Single Article.
Digital electricity bills are now available in all of China, with a pilot program expanding. This move will help with tax collection and management, moving towards digital tax management for better supervision. Huazheng Taxation has provided information on the program's status, benefits, and features for review.
2023-06-15 Hargent
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Beware of the Risks Associated with Low Taxes! This Article Examines the Common Risks and Quality of Occupation Tax for Farmland.
The farmland occupation tax is a one-time collection that has fewer taxpayers. However, taxpayers often need to pay more attention to the relevant policy details, which can lead to tax risks. Hargent has analysed the common dangers of some farmland occupation taxes based on actual business and sorted out the problems. This can help enterprises avoid tax risks and reduce unnecessary losses.
2023-06-15 Wang yinxi Jia Xiaojin Cui Hua
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Comprehensive Understanding of Hong Kong's Salary Tax Policies and Tax Filing System through this Informative Article.
The Hong Kong salaries tax is a complete tax that applies to the income earned by individuals in Hong Kong. Hargent comprehensively explains the Hong Kong salaries tax system, covering collection targets, tax coverage, tax calculation, tax rates, and collection and management requirements. If you require local tax services in Hong Kong, please get in touch with us.
2023-03-20 Jin Chuan Tang Changyu
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2023 Final Settlement： Explanation of 7 Changes in the Annual Corporate Income Tax Filing Form
The settlement and payment of corporate income tax in 2022 have been thoroughly carried out. This article summarises the latest 2022 tax filing form changes and demonstrates the filling method through practical cases. It is hoped that enterprises quickly grasp the changes in the declaration form and complete the settlement and payment work with high quality.
2023-03-20 Ma Bin Li Jialing Xiao Dongmei
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In Pillar 2, Domestic Laws have been Transformed Regarding Minimum Tax Legislation. It is Worth Noting that 46 jurisdictions have Clarified Minimum Tax Legislation (plan)
The G20/OECD Pillar 2 Global Minimum Tax GloBE Rules are nearing completion. Forty-six countries and regions have already begun transforming their domestic laws to implement Pillar 2 or introduce local minimum taxes in order to safeguard their tax bases. While China has yet to introduce domestic policies, Chinese enterprises are still required to pay top-up taxes on low-taxed jurisdictions overseas where minimum taxes are in effect, due to China's adherence to the "two pillar”in 2021"
2023-03-20 Wu Xiaoqiang Pu chenxi
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