2020 is very approaching, here we would like to summarize a review of new policies and topical events of 2019 in China. Click the photos to know more about the details and review the changes that have taken place around you!
– 01 –
Newly Revised Individual Income Tax Law is Implemented
On January 1, 2019, the individual income tax (IIT) Law changes came into effect in China. The changes are a big step in allowing foreigners who are residents and local taxpayers to enjoy the same tax treatment on a special deductions claim.
Bye, Daigou People! Strict Supervision Comes after the Implementation of E-Commerce Law
Have you ever heard of Daigou (代购) or been in the Daigou business? From Jan 1, 2019, Daigou people and other e-commerce operators need to operate with a business license for both the buyer overseas and domestic.
Attention! Alipay Began to Charge a Service Fee for Credit Card Repayment
On February 21, Alipay announced that in order to continue to provide better service to users, from March 26th, Alipay would charge a service fee for credit card repayment.
Business License is Updated, Check the New Version
A new version of the business license is launched officially. The original business license can continue to be used, or you can apply for a new business license.
Foreign Couples Can No Longer Get Married in China
According to an announcement of China’s Ministry of Civil Affairs, marriage registration for both parties who are foreigners was canceled. But marriages between a foreigner and Chinese national are still permitted.
New Rule! Your Tax-free Benefits Depends on “Domicile”?!
From May 1, 2019, a foreigner living in China for 183 days or more is seen as a tax resident.
These RMB Notes and Coins Can’t Be Used Anymore!
According to the central bank’s website, approved by the State Council, the People’s Bank of China decided to stop the circulation of the fourth set of RMB 100 yuan, 50 yuan, 10 yuan, 5 yuan, 2 yuan, 2 jiao and 1 jiao coin.
China to Grant Long-term Visa up to 5 Years to More Expats!
China has eased the permanent residence application for more high-level foreign talents. Meanwhile, long-term visas and residence permits will be issued to more foreigners including those doing business, working or studying in China.
Fake Money? China Issues New RMB!
The new renminbi bills are issued starting Aug 30. This is the third edition of the fifth series of RMB, including four banknotes and three coins.
Now It’s Easier to Get Driving Permit!
Wanna drive in China but don’t have Chinese driving license? Provisional driving permit may be your best choice! Now you can even apply for the permit at airports.
5G Commercial Service Kicks Off!
China Mobile, China Unicom, and China Telecom finally launched 5G network services and more details. Users can buy the packages from Nov 1. Have you used 5G mobile phone and the service?
WeChat Allows Transfers via Phone Number!
WeChat has rolled out a new payment feature that lets people transfer money using a mobile phone number.
More Chinese Cities Allow 144-hr Visa-free Transit!
China has extended 144-hr visa-free transit to more border ports. Now citizens from 53 countries can apply for the exemption transit and transfer in China via certain ports without Chinese visas.
Residence Self-Registration System Comes Out!
Shanghai has launched an online self-help system for overseas personnel to register residence, which brings great convenience. Involved people don’t need to walk to the police station and wait in line anymore.
Foreigners Can Use Alipay Without Chinese Bank Card Now!
Finally, Alipay is now open to international tourists in mainland China and allows them to pay even they have no Chinese bank account or local phone number!
Easier to Open a Company in China! License & Permit Separated
China has decided to further improve its business environment by promoting the separation of permits from business licenses in pilot free trade zones (FTZ).
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