FDI

Environment Protection Tax Law

China introduces New Environment Protection Tax Law

Starting from 1 January 2018, China levies taxes on industrial emissions and pollution. The Environmental Protection Tax Law which got approved by the Standing Committee on 25 of December 2016 is part of China’s 13th Five-Year Plan, which considers e...
Reinvestment Withholding Income Tax

China waives withholding income tax on reinvested profits

Foreign Direct Investment (FDI) has been an important driver for China’s economy since the beginning of the reform period in the early 80s. So it is small wonder that the Chinese government wants to remain an attractive destination for foreign firms ...

China issues New Foreign Investment Guidance Catalogue

On 28 June 2017, the 7th version of Foreign Investment Catalogue (Chinese) was jointly promulgated by National Development and Reform Committee (NDRC) and Ministry of Commerce (MOFCOM), which will take effect on 28 July 2017.   Compared with 2015 C...

ECOVIS Beijing at the German Centre Beijing: IIT, Social Insurance, and Invest in Germany

On 22. March 2017, ECOVIS Beijing organized two events at the German Centre in Beijing. In the morning, our IIT & Social Insurance expert Manuela Reintgen, together with Klaus-Peter von der Eltz informed the on individual income tax and insurance...

Chinese Government announces new measures to encourage FDI

On 30 December 2016, China’s National Reform and Development Commission (NRDC) announced 20 measures to attract more foreign direct investment (FDI). According to statements by the Ministry of Commerce made on 6 January 2017, the measures, whose det...

Frankfurt could become a new investment magnet after Brexit

Two months after the British referendum and the tumble of the pound sterling, great uncertainty has arisen regarding the changes the so-called ‘Brexit’ will entail. This does not only concern British and European economies, but also many non-EU compa...
Heidelberg at night

New Plan for German-Sino-Hi-Tech-Park in Heidelberg

China was the biggest foreign greenfield investor in Germany in 2015. Chinese investors founded 260 companies, 8 more than the U.S., which occupied the second place. Heidelberg, location of the China Desk of ECOVIS Beijing, does not want to miss the ...