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.

Practical issues on the Registration of Market Entity

Author：ECOVIS Ruide China
Date：2022-02-28

The regulations of the People’s Republic of China on the administration of the Registration of Market Entity (hereinafter referred to as the "Regulations") was adopted at the 131st executive meeting of the State Council on April 14, 2021, officially promulgated on August 24, 2021 and implemented as of March 1, 2022.

The latest preferential policies on foreign IIT

Author：Edmund CAO
Date：2022-01-04

In 2021, we have been paying close attention to the policy on the adjustment of individual income tax for foreigners' subsidies. If the reform is carried out, the individual income tax burden of foreigners will be greatly adjusted. On the last working day of 2021, the Ministry of Finance announced that it would continue to implement the preferential policies of individual allowance for foreigners. That is, the tax exemption of foreign individual subsidies will continue until December 31, 2023.

Extension of preferential policies for IIT declaration

Author：Edmund CAO
Date：2021-12-31

In July 2021, Ms. Sally CHEN, partner of ECOVIS Ruide China, and Mr. Edmund CAO, manager of the tax department, issued the detailed rules for the change of "IIT reform for foreign expertise", that is, if the current laws and policies are implemented, all the special allowances enjoyed by foreigners in China will be taxed from 2022.