China IIT Update : Foreigners Prepare to Say Goodbye to Preferential Policy

This article was originally posted at Axel Standard, a platform for cloud accountants and SaaS applications. News of recent changes to Individual Income Tax for foreigners in China spread like wildfire over WeChat and other social networks. Numerous amendments regarding the “5-year rule” fueled uncertainty as foreigners were left wondering whether...

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Are Cash Transactions Putting Your Business at Risk?

This article was originally posted at Axel Standard, a platform for cloud accountants and SaaS applications. We often receive calls from foreign business owners who are trying to introduce financial controls into their business in reaction to some unusual activity related to cash transactions by their local business partner or managers....

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What Does Tax Reform in China Mean for Small Businesses?

This article was originally posted at Axel Standard, a platform for cloud accountants and SaaS applications. This year started with China’s State Council chaired by Premier Li Keqiang announcing on January 8th support for the country’s main job creators, micro- and small-sized enterprises (MSEs), in the form tax cuts for both Value...

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