News & Updates

The Foreign Investment Law is an effort to further reform the Chinese economy and aims to promote foreign investment by fostering fair competition, improve protection of lawful rights and interests of foreign investors and taking measures against forced technology transfers and trade secrets sharing.

At the end of the fiscal year, all foreign companies must complete the annual audit and other annual compliance procedures as set out by the Chinese government.
The annual statutory requirements in China can be separated into the year-end statutory audit, annual Corporate Income Tax Filing and Annual Publication Report.

We elaborate on the consequences for businesses if they have received a negative rating or have become blacklisted, or rewards they receive if they do well.

Although the Chinese Corporate Social Credit System does not introduce many new regulations, the enforcement of existing regulations will be stricter and more systematic.

The Chinese Corporate Social Credit System aims to create a self-regulating market by assessing companies based on ratings and compliance records. In part 1 of this article we discuss the underlying structure and mechanisms of the Chinese Corporate Social Credit System.

As of September 9, 2019, the Moore Stephens International Network has decided to change its brand name from "Moore Stephens" to "Moore". By changing to a mo(o)re modern, shorter and easier to pronounce brand name, the group continues its effort to more actively develop their brand, increase recognizability and better compete within all markets we operate.

The key members of a WFOE are responsible for its governance. To better understand the governance of a WFOE in China, we explain the position of the so-called "Authorized Representative", also known as the representative of the shareholder.

This article provides a comprehensive overview of China's Social Credit System including the current state of the Social Credit System, its implications for individuals and businesses and the future implementation.

China has lowered employer contributions to the country's Pension Fund. These significant reductions to employer social security contributions may be one the country's most underestimated tax reforms in recent times.

China has recently implemented changes and reforms to the Individual Income Tax (IIT), the Value Added Tax (VAT) and Corporate Income Tax (CIT) in China.
This webinar, addresses the main changes of these reforms and will elaborate on their impact for EU businesses operating in China.