News from China

Latest

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...
video

Only for a short time: China facilitates Fast-Track Company Liquidation

In the course of the reorganization of the tax authorities and their responsibilities, China's authorities want to make tax liquidations possible in a simplified procedure for the remaining weeks until the end of the year. The aim is to carry fewer o...

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...

Tax

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...
video

Only for a short time: China facilitates Fast-Track Company Liquidation

In the course of the reorganization of the tax authorities and their responsibilities, China's authorities want to make tax liquidations possible in a simplified procedure for the remaining weeks until the end of the year. The aim is to carry fewer o...

IIT Reform: Saving money with deductions – draft rules released

China’s new Individual Income Tax law was passed at the end of August. It is a major overhaul of the tax system, as outlined here, and will bring major changes both to taxpayers and employers as the withholding agents, with potential savings for tax ...

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

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...
Copyright

Protecting Your Intellectual Property Rights In China

China is known for its inventions like gunpowder, the compass, and paper. But in recent years, China has had a rather different reputation, namely that of a shameless “copycat”. Although China has recognized the importance of Intellectual Property Ri...
cybersecurity

Which Sanctions Can Be Imposed For Violating The New Chinese Cyber Security Law

At the end of 2018, the grace period for implementing the new Chinese Cybersecurity regulations will expire. ECOVIS Beijing explains which sanctions can be imposed for violations. At the end of 2018, the grace period for implementing the new Chine...

Accounting & Audit

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...

No CFO? Why not hire a Virtual CFO

There are not too many differences between a CFO and a virtual CFO, however, those few differences are quite large and are the make or break sometimes of a company. What is a virtual CFO and what is their responsibility? A virtual CFO is...

What You Can Do In The Case Of A Trade War

On 22 March 2018, President Trump announced American trade actions against China. ECOVIS Beijing summarizes the report. The US government claims that China’s acts, policies and practices in the fields of Technology Transfer, Intellectual Property and...

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...