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Tax-Reform-China-IIT

Non-domiciled vs. non-resident: What is the difference?

In the context of China’s Individual Income Tax Law, which took effect on Jan 1st, 2019, and the many regulations alongside it, the terms domicile and residence are used frequently. But what do these terms mean and which tax labilities in China resul...

Investment into China in times of trade conflict

Since the beginning of the 1980s, China was known not only for its impressive growth but also for the difficulties foreign investors faced upon entering the Chinese market.  In recent years the policies regarding foreign direct investment have been c...

Culture Clash: Working hours Europe vs. Asia

Since the ruling of the European Court of Justice in mid-May on the recording of working time, there has been a great deal of discussion in the media: the recording of working times has become compulsory in Europe. Setback or progress - that is the q...

Tax

Tax-Reform-China-IIT

Non-domiciled vs. non-resident: What is the difference?

In the context of China’s Individual Income Tax Law, which took effect on Jan 1st, 2019, and the many regulations alongside it, the terms domicile and residence are used frequently. But what do these terms mean and which tax labilities in China resul...
Income tax

Update: Six-Year-Rule and How to Calculate Your Length of Stay in China

On 16 and 17 March 2019, the Chinese Ministry of Finance and the State Tax Administration published two announcements containing guidelines for non-domiciled taxpayers under the new IIT Law, which entered into force in January 2019. The announcements...

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 ...

Case Studies

video

Webinar: China as an Investment Location

Our China expert Manuela Reintgen explained legal and tax reforms in China in our webinar. These reforms are part of the strategy "Made in China 2025". China intends to be the world's leading investment location in key industries such as rail transpo...

Event Report: Shanghai-Qingpu Industrial Park

On 16 May, Ecovis Beijing hosted an information event with a government delegation from Qingpu on the investment environment in Shanghai Qingpu. Representatives of the district government and the industrial park presented Qingpu as an investment ...

Case Study: Internal Control Review for subsidiaries in China

What is an Internal Control Review (ICR)? The goal of an ICR is answering to the question whether an internal control is established and sufficiently executed in a company. The main emphasis herein relies on the specific management and control proc...

Legal Service

Culture Clash: Working hours Europe vs. Asia

Since the ruling of the European Court of Justice in mid-May on the recording of working time, there has been a great deal of discussion in the media: the recording of working times has become compulsory in Europe. Setback or progress - that is the q...

Securing Industrial Control Systems (ICS)

Industry 4.0 explained Industry 4.0 harnesses the Internet of Things (IoT) to connect reality with the virtual world. Through automation, flexibility and interconnectivity, Industry 4.0 is leading industrial production into the 21st century. Interco...

Trend: Internet of Things (IoT)

IoT is one among many buzzwords bearing witness to digitization in our daily lives. This is not only true in the West, but also in China where IoT plays an ever more important role. In 2018, IoT related sales grew by more than 73 per cent. So what´s ...

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

“One Belt, One Road” Summit: Our Press Review

The “One Belt, One road” summit took place in Beijing from 25th until 27th of April, 2019. More than 40 countries' heads of state, such as prime ministers and presidents attended the forum. Various aspects of the project were presented, among them th...

Draft Foreign Investment Law: China promises security to investors and businesses

Surprisingly prompt draft of the first Chinese law on foreign investment A draft of China's new and first foreign investment law has recently been published and is available for public inspection and comment. According to analysts, critics and th...

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...