News from China

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Going Digital in China: Digital E-Business Licenses are Coming

The Chinese government plans to further simplify processes for businesses in China. As a part of that initiative, the State Administration for Industry and Commerce in early 2017 formulated a plan to completely digitize the business registration and ...

(Event Report) Networking Seminar E-Commerce and digital Marketing in China (26. Sept. 2019)

The e-commerce sector has become a leading force in economic and social development and has changed people's lifestyles. This is especially true in China, where e-commerce is booming. In 2018, China accounted for more than 50% of the world market f...

Tax Update: New 15% Super Deduction on VAT Input Credit

Applicable for Lifestyle Services Businesses, Takes Effect Oct 1st, 2019 The State Administration of Taxation (SAT) and the Ministry of Finance jointly issued a notice on 30 September 2019 to offer super deduction of VAT input credit for lifestyle s...

Wishing all our clients, partners, and friends in China a wonderful Golden Week holiday!

Wishing all our clients, partners, and friends in China a wonderful Golden Week holiday! Our offices in Beijing and Tianjin will be closed from October 1st to 7th, 2019, due to the National Holiday week in China. We will be available for you again...

Tax

Tax Update: New 15% Super Deduction on VAT Input Credit

Applicable for Lifestyle Services Businesses, Takes Effect Oct 1st, 2019 The State Administration of Taxation (SAT) and the Ministry of Finance jointly issued a notice on 30 September 2019 to offer super deduction of VAT input credit for lifestyle s...

Public Notice on VAT Clarifies Several Issues on VAT Collection and Control

The State Taxation Administration (STA) recently issued a notice clarifying 14 issues regarding VAT treatment. We have summarized the most important changes in the following text. All information is based on the STA’s circular Public Notice on VAT...

China-Japan Social Security Agreement

Avoiding double payments In recent years, China signed and ratified social security agreements with a number of countries. The latest to take effect is the social security agreement between China and Japan. It was signed on May 9th, 2018 and took ef...

Case Studies

(Event Report) Networking Seminar E-Commerce and digital Marketing in China (26. Sept. 2019)

The e-commerce sector has become a leading force in economic and social development and has changed people's lifestyles. This is especially true in China, where e-commerce is booming. In 2018, China accounted for more than 50% of the world market f...

Corporate Social Credit System

What impact does the Social Credit System have on companies? While in recent times China's trade conflict with the USA has been the main focus of attention, the ruling Communist Party's domestic political plans have mostly receded into the backgroun...
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”....

Legal Service

Going Digital in China: Digital E-Business Licenses are Coming

The Chinese government plans to further simplify processes for businesses in China. As a part of that initiative, the State Administration for Industry and Commerce in early 2017 formulated a plan to completely digitize the business registration and ...

Ecovis Tech Tips: Virtual Private Networking

In this article in our series “ECOVIS Tech-Tips”, we look into the possibilities of virtual private networking (VPN), review technical details and shed light on legal issues this technology faces in both China and the EU. So what are Virtual P...

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...

Accounting & Audit

Video: 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.

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...

Investments

Do 31% Of All German Companies Move To China?

Internationalization in the German SME sector For many years, Commerzbank's Unternehmerperspektiven initiative (which translates to Entrepreneur Perspectives) has been asking German small and mid-sized enterprises (SMEs) about challenges, prospects ...

New Chinese Banknotes and Coins – Issued August 30

A new fifth version of Chinese banknotes and coins has been in circulation since 30 August 2019. This new edition includes the following banknotes and coins: - 50-Yuan banknote - 20-Yuan banknote - 10-Yuan banknote - 1-Yuan banknote - 1-Yuan coi...

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...

Cyber & Data Security

Ecovis Tech-Tips: Data Protection Through Encryption

Data encryption, what is it exactly and how does it work? Can businesses protect themselves from data breaches or cyber attacks using encryption mechanisms? In this edition of Ecovis Tech Tips, we will provide answers regarding this topic… Data En...

Ecovis Tech-Tips : Firewalls – How They Work

If you use firewalls, there are some basics that should always be part of your equation. In this edition of Ecovis Tech-Tips we will take a closer look at this technology… What is a Firewall? In today's world everyone talks about firewalls. Howev...

Ecovis Tech-Tips: Cloud Computing

But what kind of cloud system is right for your business? What kinds of risks are connected to Cloud Computing? These are the questions we seek to answer today in this edition of ECOVIS Tech-Tips. Always Online with Your Own Cloud To get things ...