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.

Banks step up examination of payments for imported goods

Author：Angel SHI
Date：2017-06-30

The State Administration of Foreign Exchange (SAFE) issuedHui Fa (2017) No.9 in early April 2017. It deals with the module “verificationof customs declaration information” in the ASOne system that will be opened to banksby SAFE and requires them to verify all import information with the informationin the system, to ensure legality of the business transactions and with it, theforeign exchange payment.

Ecovis Ruide sponsored 2nd place winner of 2017 "More than a market" Initiative

Author：469
Date：2017-06-30

On June 15th 2017, the “More than a Market” Award ceremony was held in Shanghai for the second time. “More than a Market” is an initiative understood as a platform for German-invested companies in Chi

Authentication Period of VAT Invoice Extends from 180 days to 360 days

Author：ECOIVS Ruide Marketing Team
Date：2017-05-30

Announcement of the State Administration of Taxation[2017] No. 11 “Announcement of the State Administration of Taxation on FurtherClarifying Matters on Tax Collection and Administration for the Program ofCollecting Value-added Tax (VAT) in lieu of Business Tax” says,since July 1, 2017, VAT special invoices and uniform invoices for the sale ofmotor vehicles obtained by general value-added taxpayers issued on and afterJuly 1, 2017 shall be authenticated or validated on the VAT invoice selectionand validation platform within 360 days as of the date of invoicing. Suchtaxpayers shall apply to the competent state tax authority for input tax offsetwithin the given tax declaration period.