News from China

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Ecovis Beijing: Upcoming cooperations with CCPIT

ECOVIS Beijing has already worked successfully with CCPIT (China Council for the Promotion of International Trade) in the past. After today's business meeting with lawback (backed up by CCPIT) at ECOVIS Beijing, lawback and ECOVIS Beijing look...
video

Ecovis Beijing Spring Festival Gala 2019

Ecovis Beijing would like to take a moment and thank you for attending our first Spring Festival Gala, it was a pleasure to have our clients around and celebrate together. We wish you a happy 2019 year of the pig, During this season,we take time t...

Ecovis Beijing wishes everyone a happy new year!

The year of the pig stands for fortune and wealth, that's what we wish for you in the upcoming year. Since Chinese New Year is the time you usually spend with your family, we don’t want to keep our colleagues from the happy time they deserve. ...

Tax

Reductions in Corporate Income Tax (CIT) and VAT for Small Businesses

It’s a good start into the new year for small and micro businesses in China: Following a State Council executive meeting on January 9th, 2019 the Chinese government introduced a new set of inclusive tax cuts for small and micro businesses. After the ...
legal form

Income Tax Regulations extend 5-Year Rule to 6-Year Rule, among other significant changes

Do you want to learn more about the impact of the IIT reform on foreign taxpayers? Please join our lunch talked hosted by the German Centre Beijing on Wednesday, January 23rd.  On December 13 and 22, 2018, the State Council and the State Administ...

Successful year end liquidation case

As we promised a few weeks ago Ecovis can make the tax liquidation process fast, simple and transparent. Normally tax liquidations in China can be complex, time consuming and take between four up to 24 months depending on the preparation. We have be...

Case Studies

company liquidation

Case Study: Tax Liquidation in China – including a Step-by-Step-Guide for the Liquidation Process

The tax liquidation process in China is a complicated and sometimes time-consuming effort that can take at least 4-6 months or up to 24 months. The duration depends mainly on the right preparation beforethe actual liquidation process starts. Just as ...

Internet conference in Wuzhen: the future of the Chinese Internet?

The 4th “World Internet Conference” took place In Wuzhen, near the city of Shanghai. Over the course of four days, 1500 attendants from 80 countries discussed the future of the Internet, including topics such as internet control, technological innova...
RMB

Chinese RMB on its way to becoming international currency

China’s RMB joins the U.S. Dollar, Euro, Yen, and the British Pound in the SDR (Special Drawing Rights) basket as the fifth currency with a weight of 10.92%! This is a historic milestone for the IMF, SDR, and China, and “the first time” in history th...

Legal Service

Merry Christmas! It is the season for giving…

Are you still looking for the perfect Christmas gift for your family and friends? Why not treat your company to something special, too - we have the perfect gift idea for your China business! Our gifts are just right for last-minute shoppers - ava...

China’s New E-Commerce Law

2018 will be the year in which China becomes the world’s largest e-commerce market, with a combined market revenue of an estimated 765 billion US$. As this important sector has been growing in recent years, the Chinese government enacted a new e-comm...

Is your firm ready for 2019?

Now is the time to check if your firm is ready for 2019 General Data Protection Rule (GDPR) Compliance   Is your firm compliant with the European Union’s General Data Protection Rule (GDPR)? The GDPR extends its protection to data of all individu...

Accounting & Audit

video

Webinar: How to handle late payments in China

Late payments are a widely spread issue in China affecting both domestic and foreign businesses. They especially have a severe effect on small businesses, as they have more limited access to financing. At the same time, they also have limited bargain...

Successful year end liquidation case

As we promised a few weeks ago Ecovis can make the tax liquidation process fast, simple and transparent. Normally tax liquidations in China can be complex, time consuming and take between four up to 24 months depending on the preparation. We have be...

Is your firm ready for 2019?

Now is the time to check if your firm is ready for 2019 General Data Protection Rule (GDPR) Compliance   Is your firm compliant with the European Union’s General Data Protection Rule (GDPR)? The GDPR extends its protection to data of all individu...

Investments

FinTech: Exciting business opportunities for Chinese firms in Lithuania

FinTech, short for Financial Technology, has grown from being a term for the technology utilized by financial institutions to an umbrella term for technological innovation in the financial sector, including more consumer-oriented services. Lithuani...

FOCAC Summit Beijing 2018

FOCAC is the Forum of China –Africa Cooperation that is held every three years alternatively in China or an Africa nation. FOCAC focuses on reinforcing the China-Africa international relations, security and investments. Last week on 3r...
open

Xi Jinping Promises Further Opening Up At Boao

From 8 to 11 April 2018, the Annual Conference of the Boao Forum for Asia was being held in name-giving Boao, a town in southern China´s island province of Hainan. The conference, which labels itself as a Asian Davos, is themed “An Open and Innovativ...