China.EN Taxes

The planned introduction of a nationwide property tax may be postponed due to turmoil in China's real estate market, according to an analyst close to the government. "Now may not be an appropriate time to launch the trials as the economy and the real estate market are both under pressure," Bloomberg quotes Liu Jianwen, a professor at Peking University, as saying.

Von Amelie Richter

Foreign employees in China have received an unexpected New Year's gift: The tax law change has been postponed for the time being. Companies now have more time to adjust to the higher costs. Nevertheless, new regulations still have a negative impact on China as a business location.

Von Finn Mayer-Kuckuk

Expats in China have another year's grace period before their tax breaks vanish. The benefits, which were supposed to be canceled on January 1, 2022, will now continue to apply until December 31, the Ministry of Finance announced on its website.

Von Finn Mayer-Kuckuk

China's economy "faces new downward pressure," China's Premier Li Keqiang said during a visit to the market regulator ministry. The government needs to cut taxes and fees to solve the problems for small and medium-sized businesses, Li said, according to Bloomberg.

Von Nico Beckert