News & Updates

We are proud to announce the launch of the 2021 Sino Benelux Business Survey.
Please participate in the survey. Your opinion matters!

The survey is completely anonymous, meaning we will not require you to fill in any information which can be linked to your company or person. All data will remain strictly confidential.

As of February 12^th, 2021, the year of the Ox commences in China. In this article, we explain the importance of the Ox among the zodiac signs and we look ahead to relevant business and policy developments for the upcoming year.
 

In our article we discuss how the preferential tax policy for annual bonuses under the Individual Income Tax framework affects the IIT rate calculation.

The establishment of a Branch Office can be an efficient and cost-effective way to expand a company's business to other areas within China. In our article we discuss the requirements, benefits and limitations of branch offices and elaborate on the setup procedures.

On the 18th of January, the Chinese government published the quarterly economic data for the fourth quarter of 2020, which concludes the economic year of 2020. After the first quarterly decrease of GDP in Q1 since 1978, and the subsequent recovery of the Chinese economy Q2 and Q3, the economic data showed a continued trend of recovery with an increase in year-on-year GDP by 6.5% for Q4 of 2020.

Due to the outbreak of COVID-19, 2020 has been a challenging year for most businesses. The changing business climate caused several topics to become of increased importance for companies with subsidiaries in China. We have created an overview of the most important articles by Moore - MS Advisory in 2020, covering the subjects of increased importance in these turbulent times.

China's Negative List for foreign investment provides guidance and governs industry sectors in which foreign investment is prohibited or restricted. In July 2020, the Negative List was updated and the measures limiting foreign investment into China were reduced for the fourth consecutive year in a row, with the Chinese government citing its long-term commitment to reform and opening of its economy as well as the impact of COVID-19.

This article highlights the difference between IFRS and Chinese GAAP and how this may cause difficulties for foreign-invested companies in China.

In this article we discuss the method for individuals to transfer income from employment to a bank account abroad safely and compliantly.  

According to Chinese government data published on Monday, the V-shaped recovery of the Chinese economy in Q2 was continued with positive growth in Q3 and on a year-on-year basis.