Economy

VAt

Ultimate VAT guide for selling through online marketplace in Germany – Part 1

Germany's liability regulations for online marketplaces In the past years, thousands of vendors that are selling on marketplaces like Amazon or eBay, many of which are from China are not paying their VAT on the sale of in EU. The EU estimates that...

New German Packaging Law – Guide for E-Commerce & Amazon FBA Sellers

In January 2019, the new German Packaging Act (VerpackG) came into force, replacing the German Packaging Regulation from 1998. What does it mean for your company and your business and what needs to be done? Ecovis Beijing explains what you need to...

IoT in China: Opportunities and Risks for German SMEs

Legal framework of the Internet of Things (IoT) The State Security Law (SSL) and the Internet Security Law (ISL) restrict commercial use of information and communication technologies (ICT) in China. Article 2 of the SSL protects not only the territo...

DAW Entrepreneur Day: Stock Markets – Finance – Economy

Richard Hoffmann, partner of Ecovis Beijing, was invited as a speaker to the Entrepreneur Day of the German-Asian Business Circle (DAW), with presentations and a concluding - very interesting - panel discussion. We welcome you to visit this event. ...
VAt

Ultimate VAT guide for selling through online marketplace in Germany – Part 1

Germany's liability regulations for online marketplaces In the past years, thousands of vendors that are selling on marketplaces like Amazon or eBay, many of which are from China are not paying their VAT on the sale of in EU. The EU estimates that...

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...
g20

G20 Summit: Why it is so important to China and the world?

There have been three landmark gatherings in China since the Reforming and Opening-up strategy in the year 1979: the 2008 Beijing Olympic Games, the 2010 Shanghai Expo, and  the 2016 G20 Summit which was held a couple of days ago in the famous touris...
franchising china

New Regulations on Chinese Financial Accounts

On May 19th, 2017, several Chinese agencies, including the Central Bank and the Ministry of Finance, announced new requirements for all financial accounts.  The new requirements will take effect July 1st, though institutions will have one year to ma...
franchising china

China to Introduce Ranking System for all Companies in China

A report published by the Mercator Institute for China Studies (MERICS) in late May provides a detailed look at China’s upcoming “Enterprise Social Credit” policy. The report claims that while this new system will help the Chinese government address ...
franchising china

Outlook Germany 2017

2016 has just ended and many events have created an atmosphere of uncertainty: a weak economy, an unexpected Brexit, a chaotic situation in the Middle East, the rise of anti-globalisation sentiments, etc. Not surprisingly, the Chinese foreign ministe...