VAT

Public Notice on VAT Clarifies Several Issues on VAT Collection and Control

The State Taxation Administration (STA) recently issued a notice clarifying 14 issues regarding VAT treatment. We have summarized the most important changes in the following text. All information is based on the STA’s circular Public Notice on VAT...

New in 2019: All Small-scale VAT Taxpayers Can Now Issue Special VAT Invoices by Themselves

Many smaller business falling into the category of so-called small-scale taxpayers will from now on be able to issue Special VAT Invoices (also known as Special VAT Fapiaos). Special VAT Fapiaos are the only receipts officially recognized for tax ded...
onlinehandel

Alibaba makes inroads into Europe

Alibaba takes on Amazon in Europe In February 2018, Alibaba signed an agreement with the Belgium government to open its first warehouse in Europe. The warehouse is located next to the Walloon city of Liège and has a prospective size of 380,000 sqm (...

Ecovis at the DCW seminar: Starting a business in Germany

On July 3, 2019, the German-Chinese Business Network hosted a full-day seminar for Chinese investors and entrepreneurs in Krefeld. ECOVIS contributed a presentation on "Setting a business in Germany". After a welcome address by Krefeld´s mayor, Ms. Z...

Webinar: Investing in Germany – Company formation, Finance & Tax and law reforms

Webinar According to the "Country-risk Rating of Overseas Investment from China" by the Chinese Academy of Sciences, Germany is the least risky country for Chinese investors. Germany not only leads in manufacturing and commerce. She is also a highly...

China’s Cryptocurrency and Blockchain Regulatory Environment

China’s Cryptocurrency and Blockchain Regulatory Environment 1. Background Prior to 2017, China had the world’s largest cryptocurrency market—with 80% of bitcoin, the world’s leading digital coin, transactions conducted in yuan1. Despite clampdown...
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...

Takeaways from China’s “Two sessions” in Beijing

A new Foreign Investment Law and VAT rate reductions are among the legal changes announced at this year's meeting Every year about this time the National People's Congress (NPC) and the Chinese People's Political Consultative Conference meet to make...

Webinar: Things e-commerce sellers need to know about German VAT

Webinar: Things e-commerce sellers need to know about German VAT Ten days left! The grace period for German VAT compliance for (non-EU) e-commerce sellers is ending!  On 1 August 2018, the German government endorsed a draft law of the "Act to pre...

Reductions in Corporate Income Tax (CIT) and VAT for Small Businesses

It’s a good start into the new year for small and micro businesses in China: Following a State Council executive meeting on January 9th, 2019 the Chinese government introduced a new set of inclusive tax cuts for small and micro businesses. After the ...