On December 25, 2024, the Thirteenth Meeting of the Standing Committee of the Fourteenth National People's Congress adopted the Value-Added Tax Law of the People's Republic of China, which came into effect on January 1, 2026.1 The Law was adopted by the Standing Committee of the Fourteenth National People's Congress at its Thirteenth Meeting.

In the context of strengthening tax supervision and increasingly standardized enterprise exit mechanism, many enterprises are facing unclear historical accounts, centralized exposure of tax risks, complicated write-off process, etc." [...]

Today, by sharing the case of a customer registering a Hong Kong company & opening an account, and analyzing in depth the difference between mainland tax and Hong Kong tax as well as the tax advantages of Hong Kong, we will provide professional support and tax planning for your business to go overseas.

Under the wave of globalization, more and more entrepreneurs and investors are looking overseas for better business locations. With its stable political environment, transparent legal system and competitive tax policies, Singapore is perennially one of the world's most popular business hubs. Whether you are a start-up or an established group, you will find a fertile ground for growth here. This article will provide you with a systematic analysis of the core advantages of registering a Singapore company, the specific process, the subsequent compliance points, as well as Chinese enterprises need to pay special attention to cross-border investment filing matters, to help you go overseas on a more stable road.

According to the Announcement of the Customs Tariff Commission of the State Council on the Tariff Adjustment Program for 2026, the import tariff rates and tariff lines of certain commodities will be adjusted from January 1, 2026 onwards.