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VAT in China Part 4


VAT exemption for intercompany contracts When a foreign invested company in China is lacking on money, the foreign headquarter often would like to transfer cash in order to keep the liquidity. However, what sounds like an easy bank transfer in reality turns out as a complex subject. In the following we will introduce three possibilities […]

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VAT in China Part 2


Same as for the EU, in China apart of the selling of products, the import of products is also subject to VAT. In opposite to the normal VAT this so called Importation VAT is an excise tax which is subject to the custom tax law. Therefor it is gathered by the Chinese customs bureau and […]

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VAT in China Part 1


The Chinese VAT system is similar in many aspects to most Western country´s VAT systems. Who is well familiarized with the international standards, often also knows the right procedure in the Chinese system. In both cases the VAT will be charged on products, services, imports, processing, as well as repair or replacement services.

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Less bureaucracy! No VAT General Tax Payer approval necessary


By Grace Shi, ECOVIS Beijing Do you hate bureaucracy? Learn how the changes regarding VAT General Tax Payer status approval and Special Red-ink VAT invoices will simplify your company’s VAT booking and filing.

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Case: VAT Refund China – VAT Reform – Deadline March 31st 2014!


by Richard Hoffmann, ECOVIS Beijing China The deadline for the VAT refund in Beijing is approaching fast – just 2 months left until March 31st, the last day in which companies can apply for it.

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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 within China and thus needs to know how to handle China VAT. Currently they provide […]

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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 the right choice, for others it might be a waste of time and money, as […]

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The ECOVIS Doing Business in China Guide 2014 is here!


By Richard Hoffmann, ECOVIS Beijing China   The ECOVIS Doing Business in China Guide 2014 is here! A comprehensive & complimentary guide for potential and current investments in the Chinese market, providing you with a head start on your way to China. Its information on subjects like Chinese business culture, market entry considerations, bookkeeping and […]

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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 positive effect on the tax burden of many companies as well as has also aroused […]

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New VAT Regime: Circular 37 Impact on Foreign Logistics


by Sven Rücker, ECOVIS Düsseldorf, Germany On 24th May 2013, the Ministry of Finance and the State Administration of Taxation issued a new VAT circular (Cai Shui [2013] No. 37 or Circular 37) for the transportation industry, which expanded the current Business Tax (BT) to Value-Added Tax (VAT) (B2V) pilot programme nationwide. Circular 37 came […]

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