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.

Special Tax Adjustments and Special Tax Investigations

Author：Helen FANG
Date：2017-04-28

Recently, the State Administration ofTaxation issued the tax circular "Measures for Special Tax Adjustment andInvestigation and Mutual Consultation Procedures" (hereinafter referred toas “The Measures"), effective from May 1st. Combined with the practice of Taxation inChina, The Measures have absorbed several important tax circulars and madefurther improvements respective of special tax adjustments. The main changes include:

Deduction of Welfare Fee before Tax

Author：ECOIVS Ruide Marketing Team
Date：2017-04-28

Employee welfare fee in the daily operation of eachenterprise are inevitable and varied, such as the traffic, housing subsidies tostaff, travelling expenses, organizing company meal at festivals, distributegifts and so on. In such circumstances, whether this kind of welfare fee can bededucted before the enterprise income tax? What criteria should be deductedbefore tax? Here, we give some examples to illustrate.

Changes in Reimbursement handling with VAT substituting business tax

Author：ECOIVS Ruide Marketing Team
Date：2017-03-22

After the Ministry ofFinance issued “Circular on Comprehensively Promoting the Pilot Program of theCollection of Value-added Tax in Lieu of Business Tax” (Finance [2016] No. 36)on March 23, 2016, it brought a lot of changes to the work of accountants ofenterprises in China. With this article, I make an introduction about issues onreimbursement which we meet the most after the B2V implementation.