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Tax, Accounting, and Audit in China 2022/23 offers a comprehensive overview of the major taxes and tax-relevant obligations that foreign investors are likely to encounter when establishing or operating a business in China. This is a concise, detailed, and pragmatic guide, ideal for CFOs, compliance officers, and heads of accounting who must navigate the complex tax and accounting landscape in China in order to effectively manage and strategically plan their China-based operations.

Taxation affects almost all aspects of doing business in China. Because China has an idiosyncratic legal system widely different to that of Western countries, foreign investors need to develop a strong understanding of taxation in the country to maximize tax efficiency and ensure full compliance with the country’s tax laws and regulations.

In this guide, we discuss China’s tax laws and administration and the applicability, calculation methods, and incentives of China’s corporate taxes and individual income tax. We also cover annual compliance requirements, profits repatriation, and financial due diligence. In the international taxation context, we address topics such as transfer pricing, double taxation treaties, and China’s free trade agreements.

This practical and easy-to-understand guidebook will be of invaluable use to all executives involved in handling company finances concerning China, including:

• Chief Executive Officers;
• Chief Financial Officers; and
• Accounting Managers Tax Specialists.

The Guanghua School of Management, Peking University – a top university in China – and many other universities have used our guide as course reference material.