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Miscellaneous
China shortens the negative list again
In a recent step further in opening up the Chinese market, the National Development and Reform Commission (NDRC) and the Chinese Ministry of Commerce (MOFCOM), announced a shortened “Negative List” on June 30th, 2019. This list is known to govern...
China’s Cryptocurrency and Blockchain Regulatory Environment
China's cryptocurrency market - We give you an overview of legal regulations and tax implications in terms of Bitcoin-related business. (more…)
Data Protection in China
On 1 May 2018, new standards will come into force that further clarifies the data protection rules of the Cyber Security Act. (more…)
Accounting in China
The Chinese Generally Accepted Accounting Principles (China-GAAP) are similar to the International Financial Reporting Standards (IFRS), but differ from the American accounting system (US-GAAP). Most foreign companies are unaware of these differences, and are, therefore, running the risk of non-compliance....
Introduction to the United States tax compliance act of foreign accounts
1. What is FATCA? The Foreign Account Tax Compliance Act is a U.S. tax law that was enacted in 2010 – Final U.S. Treasury regulations on FATCA were issued on January 17, 2013. The regulations launched on July 1, 2014,...
Work in Germany: Getting a German Work Permit
Do I need a visa to work in Germany? This article explains who and how you can apply for a German work permit (more…)
Investment Opportunities in Industry 4.0 – Industrial Revolution “Made in Germany”
After the mechanization, the electrification and the digitalization of production, the latest industrial trend is made in Germany: Industry 4.0. But what does Industry 4.0 actually mean? What is the status quo? And what are the opportunities for foreign investors?...
Further Internet Restrictions for Foreign-Invested Companies
The Internet can be a tricky place to navigate in China. What is allowed, what is not allowed, and what may be allowed is constantly changing. Especially online business faces an increasing and evolving set of internet restrictions. Most of...
The ultimate VISA guide for Germany – all you need to know
A Step by Step Guidance on investing in Germany How to apply for a German Visa and what type is needed (more…)
VAT in China Part 3
The VAT reform in China: What has changed since 1st of August 2013? Chinas Value Added Tax (VAT) reform is executed since August 2013 everywhere In China. On services in the transportation sector and on so called modern services there...
Visa Update: Schengen and Investment Visa
This article gives a small update to the changing Schengen Visa regulations on 12th October and how to deal with it. Additionally, there are some general information about the Investment Visa and how to achieve it. (more…)
ECOVIS Beijing in Liangmaqiao
The steady growth of our business and therefore our team made a move to a bigger office necessary! On August the 3rd, ECOVIS Beijing finally moved from the Galaxy SOHO at Chaoyangmen into the new German Center Beijing in the...
4 Steps to liquidate a wholly foreign owned enterprise
Going through liquidation is a complex and often long lasting process. Failure to comply with existing regulations might result in severe legal consequences for shareholders. These are the most important steps to consider when closing a wholly foreign owned enterprise....
Someone else registered my trademark in China
In China you should register your trade mark before starting any operation. China operates a first to file policy, meaning if someone registers your trademark in China before you, it belongs to the earliest applicant and you have lost the...
Import & cross border payment solutions with 3rd parties in China – A Case Study
Companies importing products to China often face a complex set of payment rules. We did a case study about a previous clients issues concerning cross border payment. (more…)
ECOVIS AT AMERICAN BUSINESS UNIVERSITY’S PANEL DISCUSSION IN BEIJING
On Friday, 28th of July 2015, Manuela Reintgen, Senior Business Development Manager at Ecovis Beijing, was invited to speak in a panel discussion on the topic: business prospects and risks in China. With keen interest and curious minds, the group...
OVERVIEW OF CHINA’S SOCIAL SECURITY SYSTEM
China’s social security law was promulgated by the central government but its administration and specific details are governed by local authorities. For example, employer and employee contribution rates and caps for each benefit vary according to local jurisdiction and are...
Grace Shi in an Interview about China´s developing tax system with taxlinked.net
By Grace Shi,ECOVIS Beijing Last week Grace Shi, partner at ECOVIS Beijing, was invited for an interview by Taxlinked.net, an online platform for lawyers, accountants as well as trustees, which allows professionals to connect, interact, exchange knowledge, find solutions together...
One firm, one family
ECOVIS, a company where controversial ideas are encouraged! Under our new motto “One Firm One Family” the team of ECOVIS Beijing (on Friday the 19th) set out on a day of team & leadership workshops. Guided by two professional coaches,...
IIT, Social Insurance & Private Pension – Seminar in Tianjin
By ECOVIS Beijing On the 27th of May 2015, Ms. Manuela Reintgen of ECOVIS Beijing and Mr. Klaus-Peter von der Eltz of Expatriate Care Consult held a seminar on individual income tax (IIT), social insurance and private pension, in cooperation with the German Chamber of Commerce in Tianjin. (more…)
Cherry Picking, Paintball & BBQ – Company Outing 2015
By ECOVIS Beijing Cherry picking, paintball, zip-lining, go-karts, bumper cars and speed boats are just some of the activities our ECOVIS Beijing team enjoyed on our company outing on 2nd of June 2015. (more…)
3 Additional Free Trade Zones In China
In order to attract more foreign investors, China launched three additional Pilot Free Trade Zones (FTZs) in Tianjin, Guangdong and Fujian. (more…)
From Starbucks to the Skyline – 3 Years ECOVIS Beijing
By ECOVIS Beijing ECOVIS Beijing is celebrating its 3rd anniversary: Where we started, where we are now and where we are heading. (more…)
Seminar: Changing or Expanding Your China Business
Manuela Reintgen of ECOVIS Beijing, in co-operation with the German Centre Beijing, held a seminar explaining how to change a company’s legal structure and expand its operations in China. (more…)
Attention: Foreigners’ tax payments getting checked!!!
By Manuela Reintgen, ECOVIS Beijing China Tax authorities have put a focus on foreigners’ Individual Income Tax (IIT) payments! Beijing tax officials are currently conducting random checks on past tax filings and forcing companies to make self-inspections. (more…)
Buy Assets Now to Save Taxes – The New “Shortened Depreciation”
By Grace Shi, ECOVIS Beijing China By adopting the new shortened depreciation method, companies in certain industries can ease the financial burden of asset acquisition. (more…)
Tax Exemption Now Available for Companies with Annual Revenue of Up to 200,000 RMB!
By Richard Hoffmann, ECOVIS Beijing China Always paying too much taxes? China has raised the upper limit of tax exemption for small companies from 100,000 to 200,000 RMB total annual revenue. (more…)
Taxation on equity transfers
By Richard Hoffmann, ECOVIS Beijing New rules on taxation of equity transfers. Do the new taxation rules affect you and your business? Read about opportunities and risks that you should be aware of. (more…)
Seminar Beijing: Annual Audit – Do’s and Don’ts from the Perspective of International Companies
By ECOVIS Beijing All foreign invested enterprises are potential subjects to the ANNUAL AUDIT. The annual audit has several purposes such as to assure tax compliance and to prevent fraud. Not only can an annual audit help you to reduce...
The christmas tree looks great! ECOVIS Beijing
By ECOVIS Beijing A happy christmas celebration with colleagues, a tree and six self made ginger bread houses. Not only did we have lots of fun but also a lot of sweets to eat. The tree was decorated within seconds...
Weinexport nach China – Welche Erfahrungen haben Unternehmer gemacht? (Teil 4)
by Armin Weber, tax advisor, CPA, Ecovis Munich Nische mit hohem Qualitätsanspruch Dieter Gerken, Geschäftsführer des Fränkischen Weinkontors sowie Vertriebsbeauftragter der GWF Winzergemeinschaft Franken e.G. „Fränkischer beziehungsweise deutscher Wein ist in China bislang nur bedingt bekannt, er hat keinen Markenstatus...
Weinexport nach China – Welche Erfahrungen haben Unternehmer gemacht? (Teil 3)
by Armin Weber, tax advisor, CPA, Ecovis Munich Den Markt nicht durch Preisdumping erkaufen Annette Rehling-Droll, Leiterin Marketing, PR, Export bei der Divino Nordheim Thüngersheim eG „Unser China-Geschäft läuft über Importeure, die teils in Hongkong sitzen, sowie einen weiteren Importeur,...
Weinexport nach China – Welche Erfahrungen haben Unternehmer gemacht? (Teil 2)
by Armin Weber, tax advisor, CPA, Ecovis Munich Präsenz und Bekanntheit steigern Marco Weber, Area Sales Manager der Binderer St. Ursula Weinkellerei GmbH in München „Unser China-Geschäft läuft seit Jahren über einem festen Importeur. Dieses partnerschaftliche Verhältnis funktioniert reibungslos. (more…)
Weinexport von Deutschland nach China (Teil 1)
by Armin Weber, Ecovis Munich Auf den Geschmack gekommen China hat sich zwar innerhalb kurzer Zeit zu einem riesigen Weinmarkt entwickelt. Doch das Potenzial dort zu erschließen ist für deutsche Exporteure ein Geschäft mit vielen Fallstricken und Tücken. China avancierte...
Seminar: Annual Audit at the German Centre Beijing
By ECOVIS Beijing On the 10th of December 2014, Mrs. Grace Shi and Mr. Richard Hoffmann, both partners at Ecovis Beijing, held a seminar for professionals at the German Chamber of Commerce in Beijing. We are pleased to see that seminar was...
ECOVIS IPM 2014 – 60 Partners for Pitstop in Beijing
By ECOVIS Beijing ECOVIS Beijing was glad to welcome its guests from the ECOVIS International partner meeting to Beijing. After travels to the Great Wall, Forbidden City and other must-see areas Richard Hoffmann and Grace Shi invited them to our...
Netherlands Economic Mission in Beijing – ECOVIS Beijing
By ECOVIS Beijing On Thursday, the 30th of October 2014, ECOVIS Beijing was glad to welcome the Netherlands Economic Mission to China and share expertise with them. Our Business Development Team Manager Manuela Reintgen lectured the delegation on HR issues...
Seminar in Internal Control for European SMEs in China
By ECOVIS Beijing On the 16th of October 2014, Ms. Manuela Reintgen from Ecovis Beijing and Ms. Alexandra Wang held a seminar for industry experts at the German Centre Beijing. (more…)
Five Steps To Change Your Office Space Successfully
Many companies seek for an optimal office space and often need to move because of expansion, cost reduction or to change to suit the convenience of their client base. If your company is expanding you might have considered relocating to...
Doing Business in China – Ecovis Beijing Manager participates in Panel Discussion
By ECOVIS Beijing Last Friday on the 19th of September 2014, Ms. Manuela Reintgen from Ecovis Beijing participated in a panel discussion held for MBA students of the University of California at Peninsula Hotel in Beijing. Since the topic was focused on...
How to break into the Chinese Food & Beverage Market
By Richard Hoffmann, ECOVIS Beijing With China having an annual GDP growth rate at around 8 % over the last few years it is no surprise, that the Chinese food market has also seen a rapid growth. In fact China has become...
Current Trends in China’s Food & Beverage Market
Importing foreign foods and beverages into Mainland China has been a rapidly growing business over the past several years. According to Andy An Regional SALES Manager at Goodwell, a reputable food importer in China, imported foreign foods have quadrupled in the last...
Location Search and Company Set-Up in North China [2/3]
By Richard Hoffmann, ECOVIS Beijing The first article in the series Location Search and Company Set-Up North China identified six major considerations for the location search in China. Local infrastructure, supply of qualified personnel and cost structures are some of these factors...
Location Search and Company Set-Up in North China [1/3]
By Richard Hoffmann, ECOVIS Beijing Economic development zones are not entirely a Chinese invention. In numerous other countries around the world similar zones were established long before to promote the local economy and test or introduce structural reforms. It is, however, obvious...
UDA and XEDA in Tianjin – Industry Clusters for European SMEs
With the resolution of the Central Government to move Beijing away from its industrial image and towards a service based economy, more and more manufacturing companies are relocating to Tianjin. This especially applies to those small and medium-sized enterprises (SMEs)...
ECOVIS Beijing visits the German Centre Beijing
By Manuela Reintgen, ECOVIS Beijing As a part of the current Machinery & Engineering Project, ECOVIS Beijing visited the German Centre Beijing. In order to incorporate expert advices and opinions about the latest industry trends and challenges, two consultants from ECOVIS Beijing...
Quality assurance and Compliance in the machinery sector in China
By Richard Hoffmann, ECOVIS Beijing When asked about the biggest challenges while doing business in China, European machine builders particularly often mention two terms: The assurance of quality as well as cultural differences in business practices/compliance. Situations and business practices which are...
TEDA in Tianjin – Putting on a Friendly Face for SMEs
The Tianjin Economic-Technological Development Area (TEDA) is renowned within Northern China for its long history as one of the first state-level development zones in China. As such it has attracted over 70 global companies included in the Fortunes 500 List...
Increasingly fierce competition for European machinery companies in China
By Richard Hoffmann, ECOVIS Beijing China changes and develops on a daily basis. Same applies for the country's machinery industry. Within the last decade, the market grew by approx. 9% YOY, and now amounts to €66.2 billion. With a share of 30%...
An Interview with Erlkönig China: The Automotive Industry in China
By ECOVIS Beijing On Wednesday, 16th of July 2014, Mr. Sven Hundhausen, Director of Erlkönig China held an interview with Mr. Constantin Colberg, Senior Associate at ECOVIS Beijing, about the automotive Industry in China. Current issues such as market entry...
Leveraging the CEPA to enter the Chinese market
By Manuela Reintgen, ECOVIS Beijing The Closer Economic Partnership Agreement (CEPA) between Hong Kong and Mainland China was signed in 2003, designed to forge better relationships between the two economies. In certain situations, it can be advantageous for a foreign firm looking...
Payroll and Bookkeeping: Evaluating the Decision to Outsource
By Richard Hoffmann, ECOVIS Beijing As you develop your company, consider outsourcing payroll and bookkeeping in the first years of your business. In our new brochure, the decision to outsource is evaluated considering that a third party can ensure comprehensive and compliant...
The big chance for foreign food producers
By Richard Hoffmann, ECOVIS Beijing China is the largest consumer of food and beverage in the world. With its estimated market volume for food of over a trillion Euros in 2015, China overtook the US as the largest market for food and...
Sino-Swiss Free Trade Agreement: effective now!
By Richard Hoffmann, ECOVIS Beijing China The 1st of July 2014 marks a major milestone in the relations between China and Switzerland as the Sino-Swiss Free Trade Agreement (FTA) officially came into force. After starting talks as early as 2007 and holding numerous negotiation rounds, both countries...
An Interview with Mr. Levent Simal, Dataforce – Insights into China’s Automotive Sector
ECOVIS Beijing: In recent years, more and more automotive companies have expanded their production to China. What are the major reasons for this shift towards China and are there any signs that OEMs might be relocating the production due to...
German Wine in China: Overcoming Historic Barriers [1/2]
By Richard Hoffmann, ECOVIS Beijing Foreign connoisseurs often note that Chinese consumers are not educated in the art of drinking wine. Nonetheless, the German Wine Institute, the global marketing organization for German wine, estimated an increase in demand by 170 percent in...
Selling your company to Chinese investors
By Richard Hoffmann, ECOVIS Beijing In this article we have a look at the motives of Chinese investors for investing in Germany and how German companies can benefit from the relationship with their new Chinese owners. Motives of Chinese investors for investing...
The social security system in China
At the start of June 2014, the Beijing Municipal Human Resource and Social Security Bureau (BMHRSSB) and the Beijing Municipal Bureau of Statistics (BMBS) announced that the average monthly wage in 2013 was RMB 5,793 for Beijing. This number is...
M&A in Germany: the perfect foreign investment?
By Richard Hoffmann, ECOVIS Beijing Mid-sized German businesses are a hot takeover target for Chinese companies. German business is known for its innovation and product integrity, a natural match for China’s large market and manufacturing prowess. As this relationship becomes more apparent,...
SOMEONE REGISTERED MY TRADEMARK IN CHINA!
By Richard Hoffmann, ECOVIS Beijing Before you even sell your products on the Chinese market, the first thing you should do is register your trademark. China operates a first to file policy, meaning if someone registers your trademark in China before you,...
A Day to Relax and Celebrate – ECOVIS Beijing on its Company Outing
By Richard Hoffmann, ECOVIS Beijing The team of ECOVIS Beijing celebrated its achievements by enjoying a well-deserved company outing on Friday, 13th of June. After opening the Beijing office of ECOVIS International (50+ countries) two years ago in June 2012, Richard Hoffmann...
Advertising and Retailing on Internet Channels in China
By Richard Hoffmann, ECOVIS Beijing In 2012 Starbucks started advertising QR codes in its nearly 1,000 stores around China. Customers scanned the code with their cell phone cameras and sent Starbucks a message with an emoticon and customers received a song in...
Fund for the Cooperation with the Private Sector – Sino-German Quality Infrastructure Project (QI Project)
The 1st tender of the Private Sector Fund starts on June 2, 2014! We welcome interested private sector companies and organizations to submit their project proposals until June 30. For more information on the detailed requirements and application forms please visit our tender...
Jain University from Bangalore on Visit in Beijing
By ECOVIS Beijing On the 28th of May 2014, Ms. Manuela Reintgen from ECOVIS Beijing gave a presentation for MBA students of entrepreneurship from Jain University in Bangalore, India about doing business in China. The students were on a ten-day...
Foreign Automotive Companies in China – Three Common VAT Issues
By Richard Hoffmann, ECOVIS Beijing The number of automobiles globally is estimated to grow from currently around 650 million to roughly 1.4 billion by 2030. As the largest and fastest growing market for automobiles worldwide, China represents the strongest force behind this...
Human Resource Issues in the Automotive Industry
By Richard Hoffmann, ECOVIS Beijing China’s automotive industry is booming and already holds a global market share of just under 20%. However, one of the most common challenges within the industry remains to be Human Resource Management which, still today, causes some...
Company Liquidation
Are you already at the decision stage of company liquidation? Needing more information on how to follow through? This brochure by ECOVIS Beijing gives you great advices for every step of this long & tedious process. Reasons for Liquidation The Liquidation...
Emerging Multinational Companies from China – new competitors to Germany’s core industries?
By ECOVIS Beijing Our last article was about Multinational Companies (MNCs) from Asia. In this article we take a closer look at the global brand presence of Chinese Emerging Multinational Companies (EMNCs) and the way they are perceived from outside...
VAT exemption and issues in China
By ECOVIS Beijing On the 25th of April Manuela Reintgen and Richard Hoffmann held a online-workshop about the important topic “VAT exemption and issues in China”. If you export services from China you might have the chance to get VAT...
Luxury Properties Showcase in Beijing 2014
By ECOVIS Beijing The Luxury Properties Showcase (LPS) is a leading luxury property show in China, well-known for its glamour and exclusivity. Over 5,000 Chinese luxury home buyers and owners as well as numerous VIPs visited the property show in Beijing...
Clarification on Enterprise Annuity and Occupational Pension
By Season Hu, ECOVIS Ruide China In March 2014, The Ministry of Human Resources and Social Security (“MHRSS”) printed and distributed the interpretations on the policy . (more…)
German machinery delivery to China – an update by VDMA China
The German Engineering Federation VDMA (Verband Deutscher Maschinen- und Anlagenbau e.V.) has published new figures on German machinery deliveries to China. Mr. René Bernard, Business Development Manager and designated General Manager of VDMA China, presented the most recent developments and...
Giving an insight into the diverse market of China
By ECOVIS Beijing On Monday, 05 May 2014, the Suffolk University invited Ecovis Beijing to the Novotel Peace Hotel for an insight in doing business in China. The group of around 20 MBA students was excited to hear from Manuela Reintgen’s...
Dairy Exports to China – Processes and Opportunities
By Richard Hoffmann, ECOVIS Beijing Over the past three decades the production and consumption of dairy products in China have risen enormously with annual growth rates averaging over 10 percent since 2000. This growth trend is expected to continue and increase China’s...
2014 Beijing International Automotive Exhibition
By ECOVIS Beijing In 2008 the automotive industry in China became the largest in the world in terms of units of automobiles produced. Accordingly, the semiannual Beijing International Automotive Exhibition, or Auto China for short, is one of the most...
10 Most likely mistakes while setting up a WFOE [1/2]
By Manuela Reintgen and Michelle Yan, ECOVIS Beijing Setting up a Wholly Foreign-Owned Enterprise (“WFOE”) in China requires full commitment. You can’t just do it alongside, it has to be carefully planned and many things have to be taken into...
Supply Chain Day on April 10, 2014
By ECOVIS Beijing The Supply Chain Day is organized annually by the German Logistics Association BVL (Bundesvereinigung Logistik). The BVL is a not-for-profit business association founded in 1978 and has since then promoted its members’ main goal of increasing awareness...
Emerging Multinational Companies from China
By Richard Hoffmann, ECOVIS Beijing When asking people in Germany to name multinational companies (MNCs) from Asia, the first examples that come to mind are numerous Japanese companies such as Toyota, Honda, Sony, Toshiba, Panasonic, Nintendo, etc. These Japanese MNCs...
Online-Seminar: Common VAT Issues – April 25th 2014
Heard about the recent changes in VAT regulations? Want to find out if it impacts you and your company? Find out more about possibly lightening your tax burden with our VAT Exemption Online-Seminar! (more…)
German Chamber Board Election: Thank you and Congratulations
By Richard Hoffmann, ECOVIS Beijing Last Thursday, April 3rd, was The German Chamber of Commerce’s annual general meeting, which also happened to be the final stretch of the board election. The event was graceful and well organized, with food and drinks...
Chinese President Xi Jinping visits Germany
By Larsen Lüngen Hannelore Kraft, premier of the German state of North Rhine-Westphalia (NRW), invited Chinese President Xi Jinping to a state banquet in Düsseldorf, Germany. ECOVIS partner Larsen Lüngen took the opportunity to join the state banquet and to...
Corporate Income Tax – Part 3, Resident enterprise
By Richard Hoffmann, ECOVIS Beijing Resident enterprises are either established under the laws of the PRC or founded outside, but with a place of effective management in China in the sense of a management which is substantial and has overall...
Sharing knowledge and expertise with developing future leaders
By ECOVIS Beijing On Friday, 28 March 2014, Manuela Reintgen represented Ecovis Beijing in a panel discussion on the topic: Doing Business in China. With keen interest and curious minds, the group of 75 Mexican MBA students from IPADE Business...
Chinese outward foreign direct investment
By Richard Hoffmann, ECOVIS Beijing China’s economy is changing immensely fast over the last years. As China is prioritizing on economical success, they have moved towards a new political direction. One of the first Chinese OFDI (Outward Foreign Direct Investment) flows...
Galaxy Soho Office Opening: a successful evening of chatter & laughter
by ECOVIS Beijing "Lively music, great company coupled with heavenly wine and canopies, definitely an evening to remember." (more…)
Good Potential for Investment: The Wuqing Development Area
By Richard Hoffmann, ECOVIS Beijing China The Wuqing Development Area was established by the State Council in 1991. It is both the State-level Economic and Technological Development Area and State-level Hi-tech Industrial Park. Its total planned area is 93 km2 and it...
Company Liquidation: A comprehensive guide on how to proceed [2/4]
By Richard Hoffmann and Michelle Yan, ECOVIS Beijing China Doing business will always have its success and failures. However, in the case where it really comes down to needing to liquidate your company, there are formal steps in which you should closely follow....
Nomination for Board member at the German Chamber
by ECOVIS Beijing China With tough competition yet unyielding confidence, we are proud to say that our Managing Partner, Richard Hoffmann, is running to become a member of the board at the German Chamber. There are a total of 13 candidates...
Corporate Income Tax – Part 1, Non-resident enterprise without a PE
By Richard Hoffmann, ECOVIS Beijing China When it comes to Corporate Income Tax, you should pay attention because, on one hand, there are benefits you don’t want to miss, but on the other hand, there are losses and penalties you don’t want...
Company Liquidation: A comprehensive guide on how to proceed [1/4]
By Richard Hoffmann and Michelle Yan, ECOVIS Beijing China Doing business will always have its success and failures. However, in the case where it really comes down to needing to liquidate your company, there are formal steps in which you should closely follow....
CIT – IIT – VAT Refund, Seminar at German Centre
By ECOVIS Beijing China Yesterday was an exciting day for Ecovis Beijing. Hosted at the German Centre in the Landmark, Grace Shi and Richard Hoffmann presented an informative and interactive presentation on the exciting changes with the VAT Refund, as well as...
Blanket allowances
By Sven Rücker, ECOVIS Düsseldorf, Germany There are several blanket allowances that can be paid tax free to employees of German companies travelling abroad. They differ from country to country and are subject to change at regular intervals - last...
China HR: The 21 most asked HR questions about the Chinese labor law Part 2/2
by Richard Hoffmann, ECOVIS Beijing China The People’s Supreme Court issued a fourth Interpretation of the Chinese Labor Law, which came into force last year on February 1st 2013. The fourth interpretation contains more specific regulations for payments during the...
China HR: The 21 most asked HR questions about the Chinese labor law Part 1/2
by Richard Hoffmann, ECOVIS Beijing China The People’s Supreme Court issued a fourth Interpretation of the Chinese Labor Law, which came into force last year on February 1st 2013. The fourth interpretation especially contains more specific regulations for payments during...
Bring your products to China – export to China
Administration upon Overseas Payment and Foreign Exchange By Richard Hoffmann, ECOVIS Beijing China ECOVIS Beijing China is a trusted partner of several Embassies in China. We frequently help them with their inquiries. Recently, we have been asked to assist with...
Beijing Tax Compliance Calendar for 2014
By Richard Hoffmann, ECOVIS Beijing China The Beijing Local Taxation Bureau has published all the important tax dates for 2014. We provide you with an English / Chinese calendar – giving you an overview over all the Chinese tax deadlines...
Tax in China – Taxation in the PRC
By Richard Hoffmann, ECOVIS Beijing China Understanding the tax system in China can be challenging. 25 common types of taxes are currently levied on either enterprises or individuals. Some are of common nature but several are only imposed on very...
VAT China – How does it work for inter-company services
By Richard Hoffmann, ECOVIS Beijing China The following email inquiry from one of our readers will bring light into the darkness of pilot services applicable to VAT in China. A big foreign company group “The Group”, faces increasing inquiries from...
Comment on the current Tax System of the PRC
By Richard Hoffmann, ECOVIS Beijing China How would you summarize the current development of the Tax System in the PRC? China has built its tax system from the ground in the 1980’s. Since then there have been major changes and...
How to set up a Representative Office in China
By Richard Hoffmann, ECOVIS Beijing China If you want to enter China, you should pick the right entity which will allow you to do all the business related activities you want. For certain activities a Representative Office (RO) will be...