SAFE Government China
We discuss how the State Administration of Foreign Exchange works, what their responsibilities are and how the SAFE impacts foreign companies in China.
Fapiao in China
We discuss what a fapiao is, how it is different from an invoice, how to use fapiaos and where their importance comes from.
Accounting in China
In China, foreign-invested enterprises are required to maintain a reliable record of accounting in accordance with Chinese accounting laws and principles and submit tax filings on an monthly basis. In this article we discuss accounting in China and particularly the differences between accrual- and cash-based accounting and its relevance within the Chinese Accounting Standards.
