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.

Understanding China’s Tax Reporting Requirements for Overseas Payments

Author：ECOVIS Ruide China
Date：2025-06-06

Transferring funds out of China is far from a simple push of a button. Whether you're a multinational corporation engaged in cross-border transactions or a domestic enterprise paying for services abroad, China’s strict tax regulations and foreign exchange controls can significantly impact your payments. With regulators closely monitoring cross-border fund flows, understanding the required tax reporting procedures is critical. Non-compliance may not only cause delays but could also lead to hefty penalties or legal disputes.

China Expands Instant Tax Refund Pilot for Overseas Tourists

Author：ECOVIS Ruide China
Date：2025-05-31

April 4, 2025 – Beijing, China – In an effort to further enhance the shopping experience of international tourists in China, the State Taxation Administration (STA) has officially announced the nationwide promotion of the "Instant Tax Refund at Purchase" service for outbound travelers. This new measure aims to simplify the tax refund process and encourage consumer spending by allowing eligible tourists to receive tax refunds directly at the point of purchase.

Who’s in Charge? China’s New Beneficial Ownership Filing Rules Explained

Author：ECOVIS Ruide China
Date：2025-04-30

As of November 1, 2024, China has officially introduced the Beneficial Owner Information (BOI) filing requirements for all business entities operating within the country. This regulation mandates that all existing entities, including companies, partnerships, and branches of foreign firms (collectively referred to as "Reporting Entities"), submit their beneficial ownership details by November 1, 2025.