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foreign exchange
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foreign exchange
Annual Compliance Review in China
By Richard Hoffmann, ECOVIS Beijing China There have been several changes in 2013 for foreign companies, which are active in China due to the various newly introduced laws and regulations. For instance, the VAT reform has a big impact and...
New laws and policies related to the “service trade”
By ECOVIS Ruide China, Pingwen Hu In July 2013, both the State Administration of Taxation (“SAT”) and the State Administration of Foreign Exchange” (“SAFE”) promulgated two important policies related to both taxation and foreign exchange of “service trade”, including, (more…)
China’s New Foreign Exchange Rules Waive Tax Clearance for Payroll Remittances
By Richard Hoffmann, ECOVIS Beijing China China’s State Administration of Foreign Exchange (SAFE) has announced a change of foreign exchange rules from September 1, 2013, making operations of Foreign Invested Enterprises considerably easier. (more…)
New Foreign Exchange Regulations for Service Trade
By Richard Hoffmann, ECOVIS Beijing China Domestic institutions and individuals carrying out foreign exchange under service trade will derive benefits from new regulations. (more…)