News from Germany

Tax Policy

VAT

Is Germany’s strict inspection on VAT reasonable? How should the enterpreises respond to that...

Germany intensifies its efforts to deal with China's electricity supplier to avoid the problem of value-added tax According to German newspaper Handelsblatt, Chinese companies have continued to evade VAT in the online trading market in Germany e-com...

New provisional VAT regulations

On Friday, December 1st, 2017, China's State Council announced revisions of the provisional regulations on VAT. The new regulations became effective immediately. The VAT reform is a comprehensive project of the Chinese government to gradually abolis...

Tax Update: New rules for the withholding tax obligations concerning dividends

A new notice published by the State Administration of Taxation on 17 October 2017 will change the time when dividends are taxed.   In general, all foreign companies, which receive dividends and other passive incomes from a Chinese entity have to pa...

Case Studies

g20

G20 Summit: Why it is so important to China and the world?

There have been three landmark gatherings in China since the Reforming and Opening-up strategy in the year 1979: the 2008 Beijing Olympic Games, the 2010 Shanghai Expo, and  the 2016 G20 Summit which was held a couple of days ago in the famous touris...
company forms

OHG, GbR, GmbH, AG? – Legal Company Forms in Germany

The foundation of a company in Germany is generally a straight forward process. Foreign investors are also entitled to found a company in the legal form of their choice. At the same time, a variety of different company forms exists in Germany and eac...

„The EU Chamber wants our opinion!

Presently, the European Chamber of Commerce in China (EUCCC) is drafting its Position Paper 2016-2017 (PP). To be presented to decision makers in both Brussels and Beijing, they look for Key Recommendations (KR) and objective comments regarding EU sm...

Legal

New Rules for Work Permit Extension

As several unrelated Chinese sources recently reported (both the Foreign Affairs Office of the University of Nanjing and the Human Resources and Social Security Bureau of Shantou in Guangdong), new rules for work visa extensions will enter into force...
registration

New Obligations of German Corporate Legal Persons: Transparent Registration from October 1, 2017

As of October 1, 2017, all corporate legal persons registered in Germany must fulfill the transparency registration obligation of registered company owners. This registration obligation is based on the EU anti-money laundering directive (4. EU-Geldwä...
blue card

The Blue Card EU for Germany

Because of the Europe’s aging population’s, many EU countries face a decreasing well-educated and highly qualified workforces. Recruiting such candidates from countries outside of the EU is thus one of the EU´s top priorities. A European Union Direct...

Accounting & Audit

Investments

Is China Going To Buy SAP?

Since it became public on 23 February that Mr. Li Shufu, founder of the Chinese car company ´Geely´, acquired 9.7 % of Daimler - the holding company of Mercedes-Benz - and by doing this became the biggest single shareholder, a new debate about invest...
Lithuania

Why Lithuania will become the key to financial institutions in Europe

Lithuania offers a unique opportunity for financial institutions. As a member of the European Union, it can enter the entire European market. Government policies that encourage digital entrepreneurship create a very welcoming environment in which com...
Chinese passport

Setting up a Company in the Restricted Tourism Industry

A typical Case of a company that wants to enter into to Chinese booming outbound tourism industry: A foreign investor planned to found a WFOE (Wholly Foreign-Owned Enterprise) in China and enter into the Chinese outbound tourism industry.  For a for...