VAT

Starting a business in Germany (1): VAT and Input Tax

When it comes to starting a business, there are many questions and issues that need solving such as company’s legal form and structure, business operations plan, marketing strategy, investment funding, cost management, etc. Besides that, it is ta...
VAT

Is Germany’s strict inspection on VAT reasonable? How should the enterpreises respond to that...

Germany intensifies its efforts to deal with China's electricity supplier to avoid the problem of value-added tax According to German newspaper Handelsblatt, Chinese companies have continued to evade VAT in the online trading market in Germany e-com...
VAt

Tax Update: New VAT Rates Starting From 1 May 2018

In the wake of China’s VAT reform, business has already benefited from savings worth 2.1 trillion RMB (270 billion EUR), according to the Chinese government. On 28 March 2018, the State Council announced three measures, which aim at further reduci...

New provisional VAT regulations

On Friday, December 1st, 2017, China's State Council announced revisions of the provisional regulations on VAT. The new regulations became effective immediately. The VAT reform is a comprehensive project of the Chinese government to gradually abolis...

TAX Update – New Protocol to Sino-Swedish Tax Treaty

A new protocol to the 1986 Double Tax Treaty (DTT) between China and Sweden has been signed on June 5th, 2017, in Stockholm, Sweden. The protocol between the two countries includes exemption of Value Added Tax (VAT) for international transportation s...
exemption

VAT Exemption And Common Issues (Youtube/Youku)

If you export services from China you might have the chance to get VAT exemption and reduce your tax burden. Learn more in this seminar which will give you in depth knowledge on how to apply and when it makes sense for you. https://www.youtube.com...

UPDATE: New VAT Rules and Fewer Tax Rates

In a State Council regular meeting, Premier Li Keqiang announced that starting from 1 July 2017, the tax rates of VAT will be simplified and merged into three categories, including 17%, 11%, and 6%. Previously, China had four VAT rates ranging from 6...

8 February 2017 Seminar: IIT & Social Insurance Update

  Wednesday, 8 February 2017   Our next seminar will focus on the newest tax regulations related to the individual income of expats, time apportionments, payroll and tax optimization strategies. Additionally, social insurance and all rele...
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...
Ecovis Beijing, tax audit

Chinas new tax filing online platform brings new risks for foreign companies

Due to the VAT reform in China, the Chinese tax authorities are introducing a new online tax filing system called “Golden Tax Version 3” nationwide. This new tax system does not only include VAT, but also CIT, IIT and other taxes. For the past 2-3 mo...