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.

Two-in-One: China Integrates Work Permits and Social Security Cards

Author：ECOVIS Ruide China
Date：2025-02-27

Starting December 1, 2024, China will officially merge work permits for foreigners with social security cards into an integrated digital solution. This new system aims to simplify access to essential services for foreign workers while optimizing administrative processes. The reform reflects China’s commitment to modernizing its talent management and creating a more seamless experience for professionals from abroad.

Chinese Spring Festival’s Over – Are My Red Envelopes Taxed?

Author：ECOVIS Ruide China
Date：2025-02-15

The Spring Festival is the most heartwarming and auspicious festival for the Chinese people. During this festival, red envelopes are undoubtedly one of the most important traditions. Whether it is the lucky money given by elders to the younger generation or the mutual exchange among relatives and friends, red envelopes carry a wealth of blessings and good fortune. But have you ever wondered: do we need to pay taxes on them? Here’s a quick guide based on our tax rules:

Becoming a Minority Shareholder in a Chinese Company – Opportunity or Risk?

Author：ECOVIS Ruide China
Date：2025-01-23

The Chinese company law underwent major changes. How does that affect the minority shareholders?