New Company Law to Impact Foreign Investors and their Directors / Managers

The new Company Law will have a material impact on international investors in China, below we summarize some of the key changes.

China Reduces Penalties on Certain Tax Violations

In the Announcement of the State Taxation Administration [2021] No. 6 issued on 31 March, China’s tax office tried to make the country’s tax system a little friendlier. As part of the 2021 "Spring Wind Campaign - Making Tax Easy for Taxpayers" and following initiatives of the State Council (China’s chief administrative authority), the new rules introduce a list of tax offenses which will be exempt from administrative penalties if: