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.

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.

Further tax cuts in order to help the success of enterprises operating in China

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

In order to optimize the business environment and enhance the vitalityof enterprises and motivation for innovation, on 19 April, 2017 the StateCouncil executive meeting chaired by Premier Mr. Li Keqiang made the decisionto introduce the following series of tax cuts.

Commercial Health Insurance

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

Recently, the Ministry of Finance, the State Administration ofTaxation, and the China Insurance Regulatory Commission have jointlydistributed the Circular on Expanding the Pilot Policy of Individual Income Tax(IIT) on Commercial Health Insurance for Nationwide Implementation (the"Circular"), effective from July 1, 2017.