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Evolving Chinese tax collection and new challenges for life sciences enterprises

Grace Luo, Jason Yu, and Michelle Geng of KPMG China provide an update on how life sciences companies operating in China are affected by an anti-corruption drive, new VAT legislation, e-invoicing, and Golden Tax System Phase IV

National people congress standing committeeChina national health commissionNational medical insurance bureauDigital programmePeople bankNational health commissionGolden tax systemGolden tax system phaseNational peopleCongress standingDigitale invoice programmeFurther deepeningTax collectionPapere invoicesTax system phase

Why is ERP Important for Operating a China Business?

ERP adoption is rapidly gaining traction in China as a strategic tool to navigate market uncertainties and promote organizational efficiencies.

United kingdomChina briefingwrittenQian zhoureading timeEnterprise resource planningGolden tax system phase

E-Invoicing Push in China: The Fully Digitalized E-Fapiao Program

We discuss the expansion of e-invoicing in China as the digital e-fapiao program widens its pilot roll-out with unique features.

Macau generalInner mongolia autonomous regionNei mongolInner mongoliaAda zhouHelen baoGuangdong macao intensive cooperation zoneGolden tax system phaseLatest scopeFully digitalized

Weekly Must-Read: Why China s Lithium Firms Have Their Sights Set on Bolivia

Weekly Must-Read: Why China’s Lithium Firms Have Their Sights Set on Bolivia The South American country has the world’s largest reserves of the key EV battery raw material, but political and practical obstacles have prevented it from becoming a significant global supplier

United statesXie zhenhuaLiu kunCaixin must readSouth americanGolden tax system phaseChina taiping insuranceFinance minister liu kunTop stories

E-Invoicing Push in China 2022: The Fully Digitalized E-Fapiao Program

We discuss the expansion of e-invoicing in China as the digital e-fapiao program widens its pilot roll-out with unique features.

Inner mongoliaNei mongolInner mongolia autonomous regionMacau generalAda zhouHelen baoGuangdong macao intensive cooperation zoneGolden tax system phaseLatest scopeFully digitalized

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