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China Business Services Blog

Where foreign investors in China go to stay updated

June 2, 2021

China Accounting 101: What Is VAT Tax In China?

Value Added Tax (VAT) in China is notoriously complex. It’s one of the most comprehensive among the 170 countries that have implemented VAT (or equivalent tax). The difference between Chinese accounti...
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April 20, 2021

April 2021: Post-COVID Tax & Fee Cuts For Businesses In China - Will YOU Benefit?

China has extended or started cutting certain taxes and fees to stimulate the economy by providing some financial support for smaller and micro businesses, and also in some preferential sectors (such ...
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April 7, 2021

How to make your Individual Income Tax (IIT) declaration and apply for a rebate in China?

If you’re an expat who is working in China, or will be soon, the bad news is that you will probably need to pay Individual Income Tax (IIT), but the good news is that you are likely to be entitled to ...
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January 26, 2021

2021 Guide to Opening a Bank Account in China

Operating a WFOE, wholly foreign-owned enterprise, or any other business in China, not only involves securing a business license; you also need to open a bank account to facilitate your operations. Bu...
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December 16, 2020

Chinese Accounting Standards vs. IFRS: 3 Key Differences You Must Know [2021]

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December 5, 2020

Top 3 accounting software in China in 2021

Doing business in a foreign country is never easy, and the same goes for China. China’s accounting standards are very different from the global standards that you are probably familiar with. 
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July 8, 2020

China WFOE: The 'Fapiao' Invoice System

If you are familiar with business operations in China, you have probably come across the term ‘fapiao’, which directly translates to ‘invoice’ in Chinese. While this may seem straightforward enough, C...
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April 23, 2020

Accounting and Auditing for COVID-19 Risks for Hong Kong Companies

The coronavirus (COVID-19) outbreak has substantially impacted the global economy and has challenged almost all businesses in the Greater China Region. Given the recent travel restrictions and special...
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March 13, 2020

WFOE Tax Relief Polices During Coronavirus

In light of the the current pandemic, the Chinese government has issued a number preferential tax policies for both local and foreign-owned business in China to reduce the burden and boost the economy...
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February 18, 2020

Managing Your Business in China during the Coronavirus (COVID-19) Outbreak

Following the outbreak of the novel coronavirus (COVID-19) in China, many foreign companies in China are concerned about their future plans and the risk this may pose for their business. For a foreign...
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