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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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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 developments in the tax system.  The development of an international tax system is part of […]

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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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Important deadline – Beijing VAT refund for export of service deadline 31st of January 2014! –


By Richard Hoffmann, ECOVIS Beijing China We just received inside information about the planned refund deadline for VAT paid between 1st August 2012 and October 2013 will likely be 31st of January 2014 for the municipal Beijing. It is expected that the STB will publicly announce this deadline in early November, following the Announcement of […]

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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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VAT refund and exemption according to Announcement 52


By Richard Hoffmann, ECOVIS Beijing China The new implementation rules for cross-boarder services, announced on 13th of September by China’s State Administration of Taxation (SAT), are a significant change for many companies whether they are importing or exporting services from or to China. The “Announcement 52”, will make it easier for companies to make use of […]

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VAT Reform China: The Pilot Policy Extended of to Nationwide for Value-Added Tax (“VAT”) in Lieu of Business Tax (“BT”)


By Pingwen Hu, ECOVIS RUIDE CHINA, Shanghai The pilot VAT reform policy initialized in Shanghai from January 1, 2012 will finally be pushed to nationwide.

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