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Annual CIT Reconciliation in 2025 – A Brief Guide for Companies

2025-05-12
China’s annual corporate income tax (CIT) reconciliation season (also referred to as annual CIT settlement or annual CIT filing) for the 2024 tax year is underway, and local tax authorities have begun to issue annual guides to help companies navigate their tax obligations. All resident CIT taxpayers engaged in production and operation in China are required to complete the final CIT settlement in accordance with China’s tax regulations. In addition, second-level branches of companies that conduct consolidated tax payments across different provinces, autonomous regions, municipalities, and cities must also participate in the final CIT settlement.
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