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.

Step by step guide for the annual compliance procedures of foreign invested enterprises in China

Author：ECOVIS Ruide China
Date：2023-03-31

The probably well-known Chinese social security system (SCS) makes all the topics surrounding compliance in this country more important and of relevance than ever. Therefore, companies operating in China need to pay more attention to their legal and regulatory compliance as scope and punishments by the SCS can lead to highly unwanted consequences such as extra expenses, penalties or even revocation of business license. Every year, foreign invested enterprises (FIE) are obliged by law to hand in an annual compliance report. Besides, representative offices are required to submit one as well. In the following article, we will walk you through the requirements needed for FIEs in China.

ECOVIS Ruide China was again rated as a A-Class CPA firm

Author：ECOVIS RUIDE China
Date：2023-02-28

On January 18, 2023, the Shanghai Institute of Certified Public Accountants announced the results of the 2022 classification management evaluation of accounting firms, and our Company, ECOVIS Ruide China CPA Firm, was again rated as a A-Class CPA firm. ECOVIS Ruide China CPA Firm was established in 2004. Since Year 2007, we have continued to maintain the qualification of A-Class institute.

Hong Kong offshore income will no longer enjoy full tax exemption

Author：ECOVIS RUIDE China
Date：2022-11-30

In October 2021, the European Union listed Hong Kong on the “grey list” (*) of the "non cooperative tax jurisdictions". In response to the European Union, the Hong Kong government revised the tax regulations to optimize Hong Kong's tax exemption for passive offshore income. The optimized "Foreign Source Income Exemption" system (referred to as "FSIE" system) will officially take effect on January 1, 2023. If an enterprise does not comply with the revised "FSIE" system, its offshore passive income will be deemed as not complying with the offshore exemption system (*) and shall be subject to profit tax. ECOVIS Ruide China gives you a brief analysis from the following aspects: