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Understanding China’s New Administrative Measures for Individual Income Tax Settlement

China’s State Administration of Taxation has introduced new Administrative Measures for the Final Settlement and Payment of Individual Income Tax on Comprehensive Income (hereafter referred to as the “Measures”). These Measures provide a structured and standardized approach to the final tax settlement process, reinforcing China’s tax administration reforms.

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China Government Work Report 2025: China To Promote The Stable Development Of Foreign Trade

During the Third Session of the 14th National People’s Congress premier Li Qiang presented China’s stance on the development of foreign trade for 2025. China will remain steadfast in its commitment to opening-up and will steadily extend institutional opening-up and continue to promote the stable development of foreign trade.

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China Government Work Report 2025: Accelerating Industrial Transformation and Integration

2025 marks the final year of the 14th Five-Year Plan. During the Third Session of the 14th National People’s Congress, premier Li Qiang presented that in terms of the continuous development of its economy, China has set itself the goal to complete the goals and tasks of the “14th Five-Year Plan” with high quality and lay a solid foundation for the “15th Five-Year Plan”.

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China’s 2025 Government Work Report: Strong Focus On Foreign Investment

On 5 March 2025, premier Li Qiang of the State Council delivered a government work report to the Third Session of the 14th National People’s Congress on behalf of the State Council. The coming year China will have a strong focus on encouraging foreign investment and will take initiatives to advance unilateral opening-up in a well-ordered way.

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China Strengthening Its Trade Policy Compliance

China is taking significant steps to enhance its trade policy compliance, aligning with international rules while fostering a competitive and transparent business environment. The recently issued Opinions on Further Strengthening Trade Policy Compliance by the General Office of the State Council underscores this commitment. Strengthening trade policy compliance will not only improve China’s position within

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