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.

Tax Incentives for Corporate Profit Reinvestment UPGRADED: Dual Benefits of Deferral and Credit

Author：ECOVIS Ruide China
Date：2025-07-11

How companies can effectively reinvest their profits has become one of the key strategies for achieving sustainable development. On June 27, 2025, the tax incentives for profit reinvestment were upgraded once again. According to the newly released Announcement No. 2, qualified foreign investors can now enjoy a 10% deferral on income tax payments, in addition to an extra 10% tax credit starting this year.? Despite both being 10% incentives related to profit reinvestment, there are significant similarities and differences between the deferral and the tax credit. This issue of Ruide News focuses on two key "10%" tax incentive policies for profit reinvestment.

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.