In a significant move to enhance its market exit mechanisms and streamline the business environment, China has introduced new regulations governing the mandatory deregistration of companies. The “Implementation Measures for the Mandatory Company Deregistration System,” issued by the State Administration for Market Regulation (SAMR), will take effect on October 10, 2025. These new rules are…
In a move to curb what is often referred to as “involution-style” or “in-depth” competition and to foster a healthier market environment, China has revised its Anti-Unfair Competition Law. The updated law, which comes into effect on October 15, 2025, introduces significant changes aimed at regulating unfair competition practices, particularly in the rapidly growing digital…
In a significant move to enhance tax transparency and regulate its burgeoning export sector, China’s State Taxation Administration (STA) has rolled out new tax filing regulations, effective October 1, 2025. The new rules, outlined in STA Announcement [2025] No. 17, introduce substantial changes to the Corporate Income Tax (CIT) prepayment procedures for export enterprises. This…
China’s Draft VAT Rules Clarify Cross‑Border Service Tax (30% of Revenue) Beijing, August 14, 2025 – China has unveiled draft Value-Added Tax (VAT) Implementation Regulations aimed at bringing certainty to cross-border services and transactions. Released on August 11, 2025 by the Ministry of Finance and State Taxation Administration, the draft rules accompany a new VAT…