2021 Year in Review, Stricter Anti-Monopoly Enforcement, Case Study and FAQ on Tax Changes for Expats, and More

A Look at the Developments Affecting Investors and Expats in 2022

Alberto Vettoretti Managing Partner Hello Navneet,   With 2021 coming to an end, I would like to wish all of you a very Merry Christmas and a smooth start to the New Year!   2021 has been a remarkable year for China. The country's overall economic recovery is stable - despite COVID outbreaks, power shortages, and a regulatory crackdown in certain sectors. Investors are advised to track recent developments to fully grasp the nature of the trends that will shape the business environment in 2022, e.g., the tightened cybersecurity regulation, clamping down on monopoly and anti-competitive practices, the introduction of a brand-new and more advanced electronic fapiao, the long-anticipated Action Plan for Reaching Peak Carbon Emission by 2030 and more.   Starting 2022, China will roll back tax exemptions for several fringe benefits for certain foreigners (including housing rental, children's education costs, and language training costs), which is expected to result in larger tax liabilities for those earning higher income. Use this Q&A with our HR experts to understand how serious your tax burden could be in 2022 and how to prepare for the policy change.   We also look forward to sharing with you our next Introduction to Doing Business in China Guide 2022 being published later this month with a special section focusing on the slew of new compliance requirements released this year. Keep an eye out for it and keep yourself up to date with the latest China market analysis!   In addition, we introduce another complimentary report by Asia Investment Research, a unique data and regulatory driven monthly newsletter jointly produced by China Investment Research and Dezan Shira & Associates. Download their new Dec complimentary report focused on attracting Chinese investors.   If you need any support, please do not hesitate to contact us. SPECIAL SPOTLIGHT: CHINA 2021 RECAP China 2021 Recap: Overview of a Pivotal Year A China 2021 recap looking at the year's major developments that will affect the country's investment prospects going into 2022. Besides this roundup, we also look at what lies behind China's impetus of ensuring 'common prosperity'.   READ MORE Tracking China's Economic Recovery: Data from January to October 2021 China's economic data till October indicates general stability and continuing recovery across critical areas despite uncertainties linked to the pandemic.       READ MORE INVESTOR UPDATES China Sets Up New Anti-Monopoly Bureau China has strengthened the capacity of its market regulator SAMR's antitrust investigative unit with the creation of the new Anti-Monopoly Bureau.     READ MORE China Cybersecurity Regulations – What do the New Draft Regulations Say? A new draft regulation strengthens China's cybersecurity and data protection framework. We look at what the document says. READ MORE E-Invoicing in China Gets Push with Advanced Version Piloted in Shanghai, Guangdong, and Inner Mongolia Shanghai, Guangdong, and Inner Mongolia conduct pilot programs and introduce a brand-new and more advanced electronic fapiao. READ MORE China Policy Change on Expatriates' Tax-Exempt Benefits: Case Study and FAQs We explain how the individual income tax burden in China could increase in 2022 for expats and how to prepare for the policy change. READ MORE How to Prepare for an Effective Annual Audit in China? This article provides practical guidance on how to prepare for an effective annual audit in China, which is important to a company's long-term development.   READ MORE China's Golden Tax System Phase IV: An Explainer We discuss how China's Golden Tax System works and what businesses can expect from Phase 4 of the system that could be launched sometime in 2022.   READ MORE UPCOMING EVENTS Looking Ahead to 2022: Investing and Doing Business in China Webinar | Wednesday, January 26, 2022 | 5:00 PM China Time / 4:00 PM Vietnam / 10:00 AM CET   2021 has been a remarkable year for China. The country's overall economic recovery is stable despite COVID outbreaks, power shortages, and regulatory crackdowns in certain sectors, and GPD growth in 2021 is expected to reach 8.0%.    Entering 2022, it is important that investors understand the changes and challenges brought by widespread policy adjustments introduced in 2021 as the country adjusted its socioeconomic policy priorities. The new laws and regulations present uncertainty and questions, but also opportunities.    How to tackle the complexities of market entry and business operations in a Covid era? In which industries lie the most promising opportunities for foreign investors?    In this webinar, our China investment experts Guilherme Campos, International Business Advisory Manager, and Viktor Rojkov, International Business Advisory Senior Associate, will provide insight and guidance on critical aspects for foreign investors to take into account for their business development and expansion in the new year. Guilherme Campos Manager, International Business Advisory Shenzhen Viktor Rojkov Senior Associate, International Business Advisory Shanghai REGISTER NOW  ON-DEMAND WEBINARS AND MULTIMEDIA RESOURCES [Webinar] Transforming Your Asia HR & Payroll Management: Selecting the Right Cloud-Based HR Solution for Your Company [Webinar] Tax Incentives in China: How Businesses Can Successfully Utilize Them [Webinar] Ready for 2022: Health Checks for a Compliant, Risk-Controlled, and Efficient Business [Webinar] China's FY2021 Annual Audit: What's New and How to Prepare? [Video] How Your Domicile Defines Individual Income Tax Treatment in China and the UK [Video] Permanent Establishment and Employing People in China and the UK Series CONNECT WITH US ON WECHAT Never miss an update. Scan the QR code to follow our official WeChat account to discover the latest China Briefing articles, upcoming events, webinar recordings, company news and more. asiamerger™ PROJECTS European Toy Manufacturers Seeking Buyers With capacity to grow in the future, this group of manufacturers is mostly based in Europe and owns two factories with different brands. With steady profit, they are seeking to sell 100% shares yet are open for discussion.                 VIEW OR ENQUIRE Automotive OEM & Aftermarket Parts Manufacturer from Turkey Seeking Investor for Growth The Turkey based seller is a well-known automotive OEM & Aftermarket parts manufacturer producing gas spring, steering parts, and dampers, among others. The company has high quality & control standards and a certified R&D center. Their growth ambitions are product and market diversification, as well as faster product development. VIEW OR ENQUIRE Investor for an Indian Supply Chain Services Provider Seeking Investment by India Firm The company is looking to raise equity funding to the tune of US $5MN. The investor would get a minority stake in the company.                       VIEW OR ENQUIRE READ OUR PUBLICATIONS FROM ACROSS ASIA Contact us | Unsubscribe | Services  | Terms | Privacy © 1992-2021 Dezan Shira & Associates All Rights Reserved.

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