Tom Hoogendijk

Chairman Benelux Chamber of Commerce

As a business owner or entrepreneur, if you have been considering expanding your operations in China, it is important to understand the advantages and challenges of operating in this market. China is the world's second-largest economy, and its population of nearly 1.4 billion people presents a massive opportunity for businesses in various sectors. However, it is important to note that China's regulatory environment and business culture are significantly different from those in the West. In this article, we will explore the strategies for successful China business, including understanding China tax and accounting, navigating China's business culture, and choosing the right finance service provider in China.

Private equity (PE) firms have long recognized the potential of China's fast-growing economy, and over the past decade, they have invested heavily in the country's private sector. Despite some challenges, China remains an attractive destination for PE firms seeking to capitalize on the country's economic growth and changing business landscape. In this blog, we will discuss the strategies that PE firms can adopt to manage their investments in China and the global market.

ARTxDIGI's innovative "Business-Transformation-as-Service" provides a one-stop-shop for integrated financial and digital services, making digital transformation the key to business success for companies of any size and stage.

On March 26, 2023, the State Administration of Taxation issued a notice jointly with the Ministry of Finance, entitled "Announcement on Further Improving the Policy of Pre-tax Additional Deduction for Research and Development Expenses" (Announcement No.7 of 2023 by the Ministry of Finance and the State Administration of Taxation), in order to further encourage enterprises to increase R&D investment and better support technological innovation.

To implement the decisions and arrangements of the CPC Central Committee and the State Council, support the development of individual businesses, and ensure that tax reduction policies are implemented for individual businesses, the Ministry of Finance and the State Administration of Taxation jointly issued the "Announcement of the Ministry of Finance and the State Administration of Taxation on Preferential Tax Policies for Small and Micro Enterprises and Individual Businesses" (No. 6 of 2023), which extends the personal income tax reduction policy for individual businesses until December 31, 2024.