News from China

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Cross-border money transfers-The use of mobile payment applications

Profit repatriation from China to home countries is an essential topic for both companies as well as individuals. Foreign-invested companies mostly use service contracts or dividends to transfer money, e.g. to a headquarter on the other side of the w...

China: Still challenging, still promising! Part 2

Part two – Market openness increasing, limited trade war effects In this two-part article series, we are discussing the results of five business climate surveys, completed by the German, EU, Benelux, US, and UK Chambers of Commerce in China. In part...

E-Fapiao – Understanding advances in fapiao technology

Managing fapiao, or tax receipts, is an essential part of doing business in China. In this video, we will explain the purpose of the fapiao system, as well as explain how the e-fapiao technology can have an impact on your business operations.

Tax

China Insight Cover Page

Ecovis in the Press: China Insight 02-2019

We are thrilled to announce, that China Insight, a German Economy magazine in China, published two articles from Ecovis Beijing. The first article is discussing “Tax relief in China”, the second one “Termination of employment in theory and practice”....

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...

Case Studies

China Insight Cover Page

Ecovis in the Press: China Insight 02-2019

We are thrilled to announce, that China Insight, a German Economy magazine in China, published two articles from Ecovis Beijing. The first article is discussing “Tax relief in China”, the second one “Termination of employment in theory and practice”....
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 ...

Legal Service

Brand Protection: Supreme wins trademark rights in China

In the western part of the world, China is notorious for the manufacturing and sales of counterfeit branded products. This raises the question of whether it makes sense to register a trademark in a country like China. A trademark is primarily used...
China Insight Cover Page

Ecovis in the Press: China Insight 02-2019

We are thrilled to announce, that China Insight, a German Economy magazine in China, published two articles from Ecovis Beijing. The first article is discussing “Tax relief in China”, the second one “Termination of employment in theory and practice”....
video

Webinar: Labour Contracts and Terminations in China

China’s first labour law took effect in 1995, covering the rights and responsibilities of both the employer and the employee. Since then, a Chinese employment relationship is regulated not only by the labour law, but also by the employee handbook and...

Accounting & Audit

Webinar: Profit Repatriation- How to return financial assets to your home country?

On the 2nd of July, Business Development manager Mr. Rene Bernard presented a webinar on the topic of Profit repatriation. The webinar discusses the different methods of repatriating money in China for companies and individuals. It also shows the tax...
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...

Investments

Social Insurance Contribution Base in Beijing updated

Two different values adopted for 2019 Every summer, the Beijing Social Insurance Center publishes data on the average salary in Beijing for the preceding year. Based on this average value, the maximum and minimum social insurance contribution base i...

Business Climate Survey Analysis: Part 1

China’s business climate perceived as challenging, yet promising Every year, many international Chambers of Commerce in China conduct surveys among their members, to understand how businesses feel operating within this market. From the Chambers’ per...

German SMEs and the Trade War between the US and China

German-Chinese Trade There is no country as important to German enterprises as the Middle Kingdom: In 2018, the two countries reached a trade volume of EUR 199 billion Euro (USD 225 billion) – making China Germany‘s biggest trade partner for the thi...