Resources

  • Important stipulations in New Regulations

    2015年3月27日

    On November 11 2010, the Beijing Municipal Commission of Commerce issued Notice on the Examination and Approval of the Contract, AOA and Changing Items for WFOE. The WOFEs whose invested capital ...

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  • China’s New Exit-Entry Law and Implementing Regulation

    2015年3月27日

    Introduction As a result of the deliberations of the standing committee of the National People’s Congress on June 30th 2012, a new exit-entry law came into effect on July 1st 2013. This replaces a...

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  • IIT and Social Insurance for foreigners employed in China

    2015年3月27日

    Individual Income Tax (IIT)   General IIT Principles For individuals to pay tax in China (PRC Tax Resident), they need to be domiciled in China (Chinese national). A Non-PRC tax resident te...

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  • Changes in dealing with Overseas Remittances

    2015年3月27日

    Come September 1st 2013 China will have a new tax law in relation to overseas remittances. The new law is named “Announcement on Issues Concerning the tax-recording-filing for Foreign Payments unde...

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  • China’s Revised Reporting Requirements for International Receipts and Payments (Circular 642)

    2015年3月27日

    n brief: In November 2013, the State Council announced new reporting measures for international receipts and payments, which will affect corporations registered In China, Chinese residents who h...

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  • Tax updates on VAT and Business Tax

    2015年3月27日

    Regulations Updates Notice On the adjustment of VAT to the importation of aircraft On 29 Aug 2013, the MOF and SAT jointly released a notice, Caiquanshui(2013) no. 53 to publish the VAT adjus...

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  • Don’t rely solely on your external audits! Elements of a successful internal audit function.

    2015年3月27日

    In brief: Unfortunately, the finance departments of many companies mistakenly believe that having an external audit annually is part of their internal control structure they can rely on to ensur...

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  • Policies, Procedures, Processes and Controls (PPPC): One System to Help Effectively Manage Risk in Today’s Challenging Environment

    2015年3月27日

    Doing business in China carries with it many risks and many rewards. With a growing economy, competitive productivity and a relatively low cost base, China continues to offer opportunities for dome...

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  • Building an Effective Anti-Fraud and Anti-Corruption Program

    2015年3月27日

    A NEED FOR CHANGE Companies operating in China are finding an increasingly growing need for an effective, efficient anti-fraud and anti-corruption program. Companies in China, like those in any g...

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  • Mergers and Acquisitions : Drivers, Issues and Countermeasures

    2015年3月27日

    Since the beginning of the 21st century, Chinese enterprises have been storming the world capital market with a series of mergers and acquisitions (“M&A’s”). This is a direct result of a combin...

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