Welcome to our ECOVIS Ruide News and Blog section

Here you will find information about our company’s events organization to accounting, tax and consulting topics on which regulators in China are about to publish, enforce or change regulations and requirements.

Furthermore you can via this page also access our Focus China Blog. Be ready for monthly updates in form of articles from our professional auditors and tax consultants, and news of events and changes in China’s tax laws as they happen.

Bookmark our site, and check back often to learn more about the news influencing your finance, controlling and accounting departments and to stay on top of changes to your business environment before and as they happen to the advantage of your overall business.

ECOVIS Ruide reached the top 100!

Author：ECOVIS Ruide China
Date：2023-10-31

We have exciting news to share: the Chinese Institute of Certified Public Accountants has compiled the “Information on the Comprehensive Evaluation and Ranking of 100 Accounting Firms in 2022” on 18 October 2023.?The results are delightful - out of over 9000 firms, ECOVIS Ruide Certified Accounting Firm Co., Ltd. was chosen as one of China's top 100 accounting firms in 2022 – receiving the 96th rank in the comprehensive evaluation.

New game changer for companies in China!

Author：ECOVIS Ruide China
Date：2023-10-13

Here is one of the recent announcements the Chinese Ministry of Finance and the State Administration of Taxation Announcement No. 37 of 2023 aims to incentivize Chinese enterprises to invest in equipment and appliances, thereby boosting the domestic consumer market. But here's the catch - companies can deduct the costs of this equipment fully from their income tax!

The Advantages and Implementation of E-Fapiao – Chinas NEW and OBLIGATORY Digital Electronic Invoices

Author：ECOVIS Ruide China
Date：2023-09-30

In the operations of modern enterprises, invoices play a pivotal role. With the evolution of technology, the traditional process of obtaining paper invoices from the tax bureau has transformed. The Golden Tax IV system has ushered in a new era of electronic invoicing, rendering traditional methods obsolete. Digital electronic invoices, encompassing value-added tax special invoices and ordinary invoices, mirror the efficacy of their paper counterparts. In this article, we'll explore key considerations surrounding digital invoices and how they benefit businesses. Here's a concise analysis from ECOVIS: