tax china

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...

New Tax Regulations for Cross-Border E-Commerce

In March 2016, the Chinese government issued two new regulations, which have changed the taxation of imported products bought online from businesses abroad (B2C). Previously, cross-border online purchases for personal use were mainly treated as indiv...
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Tax reduction to aim a service trade boost

China attempts to increase the service and merchandise trade by courtesy of increasing approachability for overseas companies and providing tax cuts for technology providers. This topic was one the main points during the first State Council executive...

Individual Income Tax – Part Two

This is the second part of our two-part article series on individual income tax (IIT) in China. In the first part, we gave an overview on how individual income tax liability is determined for individuals in China. In this part, we will now point out ...

Less bureaucracy! No VAT general tax payer approval necessary

On February the 24th 2015, the State Council of the People’s Republic of China issued A Decision on Matters of Cancelling and Adjusting Batches of Administrative Approval Items (“the Decision”). The Decision covers 5 batches of administrative approv...

Tax exemption now available for companies with annual revenue of up to 200,000 RMB!

Always paying too much taxes? China has raised the upper limit of tax exemption for small companies from 100,000 to 200,000 RMB total annual revenue. Notice on Implementing Preferential Tax Treatment of Small- and Medium-Sized Companies (SAT Notice ...
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Update: Taxation on equity transfers in China

Mr. Jones wants to transfer his equity in Pharmaceutical Development Ltd. to Mr.  Meyer for the original value of 1 million RMB (even if the current assessment made by the tax authorities is 20 million RMB). Therefore he must provide the tax authorit...

Foreign Automotive Companies in China – Three Common VAT Issues

Provincial Chinese governments therefore strongly encourage their local automotive industries to achieve this transition towards sustainability. In Shanghai, for instance, the purchase of a fully electronic car is directly subsidized with 40 thousand...