Accounting & Tax · 3 min read
China's new VAT Law and Announcement No. 5 of 2026 replace the 2012 export refund framework. What the measures change for exporters and how to prepare.
By Frankie Ng, Partner
Accounting & Tax · 6 min read
China's 2025 accounting and audit reforms tighten transparency, governance and digital reporting standards. What foreign companies must do to stay compliant.
By Frankie Ng, Partner
Accounting & Tax · 6 min read
China VAT export rebates (exemption-refund method): how to calculate the refundable amount, eligible export categories, application procedures, and common reasons for rebate rejection or clawback.
By Frankie Ng, Partner
Accounting & Tax · 5 min read
China offers CIT and VAT relief for small and micro enterprises. This guide explains eligibility thresholds, current rates, and how to apply for preferential treatment.
By Frankie Ng, Partner
Accounting & Tax · 5 min read
China's revised Accounting System for Private Non-profit Organizations takes effect on 1 January 2026, the first overhaul since 2004. What it changes.
By Frankie Ng, Partner
Accounting & Tax · 7 min read
China uses its own Accounting Standards for Business Enterprises (ASBE), which diverge from IFRS and US GAAP in revenue recognition, leases, and financial instruments. A practical guide for foreign CFOs.
By Frankie Ng, Partner
