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Corporate income tax china - non resident enterprises

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 to risk. As a foreign business that has income from China, you may be subject to taxes from both your home country and in China. This could substantially increase your tax burden.

First of all we are going to start with two different cases depending if you are a resident enterprise or non-resident enterprise.

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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 is located in the Wuqing District, which is the most Northwestern district of the 16 districts & counties of Tianjin and also the nearest district to Beijing. The district borders Hebei province to the North and West, Beijing Municipality to the Northwest, Baodi District to the Northeast, and Beichen District and Xiqing District to the Southeast/South. With 1.1 million residents and 1574 km2, Wuqing is one of the fastest growing regions in terms of economic development in Tianjin.

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Chinese outward foreign direct investment

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 in Germany was the establishment of Baosteel's headquarter in 1993. However, this was an individual case. The real boom of Chinese investors started with the publishing of the 10th five-year-plan in 2000 when China announced the "Zouchuqu" - "Going global" strategy.
The economic crises definitely helped Chinese companies with the decision to invest in German companies, as it caused the selling prices to drop.

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vat tax exemption china - inter company services

By This email address is being protected from spambots. You need JavaScript enabled to view it. , ECOVIS Beijing

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 most of their services from within Europe to those Chinese companies. Because of the inconvenience caused to clients and the staff of The Group’s subsidiaries in Europe, they decided to set up their own WFOE in Beijing. This subsidiary, “Company A”, almost completely provides its IT services to the ”Group’s” subsidiaries and some Chinese companies but seldom to other companies.

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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.

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Company liquidation

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. The process is long, involving multiple application, de-registration and negotiations. We can help you with the proper completion of application forms, deregistering of certificates and answering & explaining to the tax authorities your actual situation. In this four-part article, we will go through all the steps and procedures involved in liquidating a company. Along the way, we’ll discuss the key challenges, the potential problems & consequences and lastly, some helpful hints to aid your process. In this part, we’ll start with an overview of the whole liquidation process before moving into the first steps for company liquidation.

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ECOVIS is an internationally active consulting firm, specialized on accounting, audit, tax and legal advisory for SMEs, that employs more than 4,500 people in over 56 countries. At ECOVIS Beijing, our advisory activities are tailored to the requirements of internationally active enterprises who require tax advisors, accountants, auditors and lawyers in China. Working independently, objectively and absolutely reliably, we value mutual trust and long-term personal support in the partnerships with our clients above all. Because of our high quality standards and our commitment to long term customer satisfaction, ECOVIS Beijing is the trusted partner of several embassies and chambers of commerce in China. Not only do we assist your business in maneuvering China’s legal landscape, we will also help you setup the optimal tax structure. Our tax experts and legal advisors work together closely to ensure that our clients can reap the highest profits from our in-depth knowledge and always receive the newest updates first to adjust their business faster than others. At ECOVIS Beijing, we are proud to have a young, enthusiastic and fast-growing team of highly qualified lawyers, accountants, auditors, and consultants with international background that is fluent in English, Chinese or German. With several years of experience and profound practical knowledge we support our clients from China and overseas in every situation.

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