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China Fapiao Tax Invoice

China Fapiao Tax Invoice

A fapiao is a legal receipt which works as proof of purchase for goods or services. The larger fapiao invoice system, however, is a crucial component of China’s tax law and compliance tool for companies. The State Administration of Tax (SAT) is responsible to print,...
China tax cuts to counter economic slowdown

China tax cuts to counter economic slowdown

China is sticking with a large-scale tax cut strategy deployed last year to keep the economy humming, adding to the 1.3 trillion yuan ($192 billion) of relief already in place with further cuts to income taxes and social security premiums. Speaking with business...
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