tax china

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 ...
exemption

Financial reform for technology-oriented SMEs

Since 1st January 2018 high-tech enterprises, technology-oriented small- or medium-sized enterprises (SME) and small low-profit enterprises are entitled to further tax reliefs. According to the Chinese ministry of finance, two major measures have bee...
Social Credit System China

China’s Social Credit System and Taxes

The Chinese government is pushing ahead with its social credit project, which evaluates the trustworthiness of every citizen and company using a points system. The aim is to record, evaluate, reward or sanction desired and undesirable behavior. Al...
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...

New Deduction Rules for Social Insurance

Starting 1 July 2017, a pilot program that exempts the premium paid for qualified commercial health insurance from taxable income will be implemented nationally. This program has already been implemented in 31 cities, including Beijing, Shanghai, an...

Common Mistakes, and how to Avoid Them

Some of the most common mistakes our clients make, and how they can easily be avoided While every case we deal with is unique, some mistakes are more common than others. We recently audited a client’s Chinese branch and found some very common, and a...

Tax Rules for Foreign Players in China

According to the FIFA/Coca-Cola World Ranking, China’s male footballers are currently ranking 81st among all member states. Nonetheless, China’s own domestic league, the Chinese Super League (CSL), broke records recently, when its clubs went on an in...

New Regulations for Fapiaos

China’s State Administration of Taxation (SAT) has published new regulations for collecting fapiaos. Beginning from 1 July 2017, taxpayers need to provide their tax identification number (TIN) for obtaining a fapiao. Under the new regulation, more...
ECOVIS Beijing at the Chamber of Commerce in Giessen

ECOVIS Beijing at the Chamber of Commerce in Giessen

Which tax and legal obstacles are there for foreign businesses in China? This question and other issues were discussed on 4 October 2016 at the German Chamber of Commerce in Giessen. On this occasion, Manuela Reintgen, Business Development Manager at...