Minimizing the Risk: Falsely Issued Invoices in China
In June of last year, news broke that China’s official import and export totals had been grossly inflated via invoice fraud, with actual estimates half those of official figures. In
Dongguan Q & A: Business Answers
Q: Why is Dongguan often referred to as the “world’s factory?” A: Beginning in the late 1970s, manufacturing enterprises from Hong Kong and Taiwan were attracted to Dongguan by its
VAT Reform in China: And Its Implications
The pilot reform of the VAT system represents tax saving opportunities for many taxpayers, but increased tax burdens for others. For service providers in China who are now registered as
Holiday Schedule 2014: Updated after Citizen’s Say
After growing discontent with the public holiday schedule, China’s Office of National Holidays conducted an online poll to determine the holiday schedule for 2014. A notable issue for most foreigners
China’s Social Insurance System
How Does it Affect Expat Lives? China’s Social Insurance Law provides that foreigners working in the country are required to participate. In September 2011, the MHRSS further promulgated the Interim
The A to Z: Costs of a WFOE in China
The Taxman WFOEs are considered resident enterprises in China and, just as other domestic companies, their profits are subject to corporate income tax (CIT), which is generally 25 percent. Businesses
The Latest in Dongguan: Foreign Direct Investment News
Whether you have a company looking to expand into Dongguan or one that has been established for years, attention paid to changing regulatory procedures allows companies to avoid penalties and
Songshan Lake Development Zone: Districts and Investments Procedures
China’s first type of development zone was the special economic zone (SEZ), which was introduced in Shantou, Shenzhen, Xiamen and Zhuhai in 1979. The aim of introducing the SEZ was
Consumer Rights Protection: A Drafted Amendment for China
China’s Consumer Protection Law, published in 1993, has greatly contributed to the protection of consumer rights over the past two decades. However, since the country’s consumption patterns and structures have
Import and Export: China’s Licensing Framework
As China continues to grow, development is creating improved infrastructure and increased efficiencies that benefit suppliers, while higher disposable incomes across the country represent a potential boon for those targeting
