MSA BLOG

China Business Insights

Explore the intricacies of business, payroll, and HR in China with expert insights, tips, and strategies on our informative blog.

Cross border data transfer in China has become a hot topic in recent years due to the country 8217 s

The Unified Social Credit Code USCC represents a significant advancement in China 8217 s regulatory environment It serves as a

China has implemented schemes to facilitate smooth entry for travelers seeking to explore its diverse landscapes and booming cities The

Key Takeaways WeChat mini programs offer a convenient way for users to access a range of services within the WeChat

A FESCO Foreign Enterprise Service Company in China provides comprehensive employment solutions for foreign companies including market entry HR outsourcing

China 8217 s economy has demonstrated greater resilience than initially anticipated at the start of the year primarily driven by

An ICP license stands for Internet Content Provider license a requirement for any website that wants to operate legitimately within

Environmental social and governance ESG initiatives have become vital benchmarks for investment and corporate performance worldwide with China making significant

Working hours in China have been defined by a framework that aims to balance the demands of the country 8217

In China numerous businesses have adopted the practice of distributing a 13th month 8217 s pay to reward and motivate

The Chinese currency known as the renminbi is the legal tender in the People 8217 s Republic of China 8216

China has implemented a framework aimed at monitoring and regulating the behavior of corporations operating within its jurisdiction known as

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With more services being streamlined accounting has been no exception and with cloud accounting business owners shareholders and managers are

Most business owners are taking full advantage of automation capabilities with advancements in the accounting industry being no exception From

China aims to strengthen regulations in the certified public accounting sector this is according to statements made by China s

This article highlights the difference between IFRS and Chinese GAAP and how this may cause difficulties for foreign invested companies
In China foreign invested enterprises are required to maintain a reliable record of accounting in accordance with Chinese accounting laws
Most companies in China must meet several monthly quarterly and annual tax deadlines and compliance requirements This article will discuss
A challenge for foreign companies in China is to determine how to repatriate their profits out of the country This

An ICP license stands for Internet Content Provider license a requirement for any website that wants to operate legitimately within

Environmental social and governance ESG initiatives have become vital benchmarks for investment and corporate performance worldwide with China making significant

The Chinese currency known as the renminbi is the legal tender in the People 8217 s Republic of China 8216

The wine market in China has undergone significant changes over the past few years experiencing both rapid growth and notable

In a strategic move to bolster its economy China has rolled out an expansive set of regulations to enhance its

Navigating the complexities of doing business in China can be challenging especially when deciding on the optimal market entry vehicle

To provide a better understanding on how to exit the Chinese market and which options are available to foreign invested

As reported by Chinese Premier Li Qiang during the World Economic Forum China s economy demonstrated robust growth surpassing the

China s economy has been a cause of significant speculation throughout the latter half of 2023 marked by a decline

Dear Clients Partners and Friends As we step into this new chapter of 2024 I find myself reflecting on the

As 2023 draws to a close we take a look at some of the more prominent articles that provided highlights

Found at the heart of China Hangzhou stands out as a hub for technology and digital infrastructure With its affluent

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Though in the past transfer pricing was mostly a topic of concern for larger multinationals as a result of these
The Permanent Establishment PE is frequently used in double taxation avoidance agreements DTAs When a PE is constituted China levies

When setting up an entity in China there are a whole range of crucial decisions that need to be made

It is no longer required to follow a set of specified registered capital limits but it is still important to

A trading company is one of the most popular forms of business entities in China for foreign investors mainly because

There are many reasons why a foreign invested company may decide to suspend their Chinese business activities This can be

Just like the CEO the role of a CFO is vital to a company s success Their expertise in business

A trademark represents identifies and differentiates a brand from others It protects the image and intellectual property of a business

Want to learn about a China Joint Venture and how it works We have all the information you need on
Foreign companies that wish to do business in China can set up a foreign invested company to enter the Chinese
A primary objective for foreign companies in China to manage compliance is to maintain control over their Chinese operations and
When foreign investors are considering establishing a company in China deciding on the right market entry vehicle or in other
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One of the most challenging elements for foreign investors to manage their Chinese operations is to ensure sufficient and appropriate

The Unified Social Credit Code USCC represents a significant advancement in China 8217 s regulatory environment It serves as a

A FESCO Foreign Enterprise Service Company in China provides comprehensive employment solutions for foreign companies including market entry HR outsourcing

Working hours in China have been defined by a framework that aims to balance the demands of the country 8217

In China numerous businesses have adopted the practice of distributing a 13th month 8217 s pay to reward and motivate

In China employee benefits are a structured component of the employment landscape underpinned by legislation that mandates a range of

Overtime pay in China is governed by precise legal requirements designed to regulate compensation for employees who work beyond their

Minimum wage policies in China are pivotal in ensuring a baseline standard of living for workers across its vast and

Sick leave in China is a regulated benefit for employees requiring employers to provide time off for health recovery while

Bereavement leave is a provision in labor laws that allows employees time off to mourn a family member 8217 s

In China marriage leave is a legal provision allowing newlywed employees to take extra paid time away to celebrate their

Paternity leave policies vary worldwide reflecting each society 8217 s values and priorities These policies are exciting in China given

In mainland China maternity leave consists of two parts basic maternity leave and extra maternity leave According to the Special

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Cross border data transfer in China has become a hot topic in recent years due to the country 8217 s

Key Takeaways China follows the international norms for copyright protection as set out in the Berne Convention Where works are

China is set to implement significant changes to its company law reflecting the evolving landscape of corporate governance and business

Setting up a company in China involves navigating various legal processes and requirements and one critical document in this process

The business landscape in China is constantly evolving offering substantial opportunities for foreign enterprises With its expansive consumer base growing

In 2021 China enforced 2 new laws that deal with data privacy and security These laws have been implemented to

The People s Republic of China levies a wide range of taxes including income related taxes such as Corporate Income
We discuss how the State Administration of Foreign Exchange works what their responsibilities are and how the SAFE impacts foreign
The Foreign Investment Law is an effort to further reform the Chinese economy and aims to promote foreign investment by
China has lowered employer contributions to the country s Pension Fund These significant reductions to employer social security contributions may
China has recently implemented changes and reforms to the Individual Income Tax IIT the Value Added Tax VAT and Corporate

China has implemented a framework aimed at monitoring and regulating the behavior of corporations operating within its jurisdiction known as

The cost of living in China varies significantly across its vast regions reflecting the country 8217 s economic diversity Urban

8220 One country two systems 8221 is a constitutional principle formulated by Deng Xiaoping the Paramount Leader of the

The Greater Bay Area a term often associated with South China encompasses the Pearl River Delta including Hong Kong Macao

The term 8220 Four Asian Tigers 8221 refers to the economies of Hong Kong Singapore South Korea and Taiwan These

As of February 12th 2021 the year of the Ox commences in China In this article we explain the importance
Due to the outbreak of COVID 19 2020 has been a challenging year for most businesses The changing business climate
Please participate in the 2020 Sino Benelux Business Survey With your help we will answer the question how Benelux companies
On behalf of the entire team of MS Advisory we wish everyone Happy Chinese New Year In this article we
The past year has again shown that in China the only constant is change itself We have created an overview
As of September 9 2019 the Moore Stephens International Network has decided to change its brand name from Moore Stephens
This article provides a comprehensive overview of China s Social Credit System including the current state of the Social Credit
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Tax Identification Numbers TINs are critical cornerstones in tax administrations worldwide In China these numbers are a foundational element of

The State Taxation Administration made an announcement on the 21st of December 2023 regarding the tax filing and payment deadlines

Businesses involved in international transactions in China need a clear understanding of China s withholding tax system If a company

At the end of the fiscal year all foreign companies must complete the annual audit and other annual compliance procedures

China stands as a bustling epicenter for businesses across a wide range of industries for foreign investors to partake in

Be sure to request our Special Report on Taxes in China 2023 here With the Chinese government attempting to regain

At the very end of 2022 the Chinese government issued some updates to the current Value Added Tax VAT tax

China s Corporate Income Tax Law regulates taxation for both local and foreign owned companies Foreign companies are taxed based

In accordance with Chinese tax legislation every company operating a subsidiary in the country is obligated to fulfill monthly tax

In order to attract high skilled and urgently needed talents the Guangdong Hong Kong Macao Greater Bay Area GBA introduced

In light of the constantly changing tax and regulatory environment and in an effort to provide a better understanding of

China s VAT system is widely considered to be quite a complex system Over the past few years it has

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