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Navigating Corporate Income Tax Reconciliation in China – Digitalization and Key ChangesMultimedia
Annual Corporate Income Tax (CIT) reconciliation is a critical and challenging “annual exam” for companies in China every year. In particular, the introduction of preferential tax policies in the past two years, with the addition and extension of tax incentives during the epidemic, makes the annual filing more complicated.
At the same time, the tax administration has been quietly upgraded with data in annual returns covering virtually all financial data from business operations. Business leaders need to be proactive and continue to meet the requirements of tax compliance, while also seizing the opportunity to leverage recently enacted tax incentives.
We are pleased to have Hannah Feng, China Tax Partner, present China's digital taxation and corporate income tax policies for 2022 and the outlook for 2023.
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