News Across Asia

Outlook on Light Manufacturing in China: March 2016

Are You Qualified? Handling Internal Bookkeeping in China

China has recently released new provisions that permit accounting companies to engage in agency bookkeeping, allowing them to handle bookkeeping services entrusted by a client. However, the provisions contain strict guidelines on which entities can qualify.

Obtaining the Certificate of Chinese Tax Resident

Certifications and licenses are more important than one would imagine in China’s business market and tax system. In this article, we introduce what is known as a Certificate of Tax Residency, and provide detailed guidelines on how foreign expats and enterprises can obtain the certificate.

China Regulatory Brief: Shanghai Maternity Leave Policy and Measures to Regulate Bookkeeping Agency

In this week's China Regulatory Brief, we look into Shanghai's new local maternity leave policy, criteria for a qualified bookkeeping agency in China, policies for foreigners to enroll in China's social insurance scheme, and procedures for setting up a foreign credit inquiry institution.

China Regulatory Brief: Annual Inspection of Foreign Law Firms, 144-hour Visa-free Entry Scheme

In this week's China Regulatory Brief, we introduce China's 144-hour visa-free transit scheme applied to foreigners from 51 countries, the annual inspection of foreign law firms in Shanghai, and the VAT reform to be fully implemented in 2016.

Labor Case Study: Terminating a Manager in China

Firing managers is an especially complicated process in China that requires a thorough understanding of the country’s laws. In this article, we present a case study that illustrates how a successful termination can be made.

Outlook on Light Manufacturing in China: January 2016

Common Labor Issues Encountered During the Reduction of a Business's Operations

During a downturn in the Chinese economy, shifting operations to a less expensive location can be particularly attractive for foreign investors. However, not all employees will be willing to be relocated, and problems often arise as a result.

Market Entry Strategies for Private K-12 School Service Providers in China

Chinese households now spend 30 percent of their income on education – higher than both Korea and Japan. This year, the previous restrictions put on foreign-invested private schools have been largely lifted, though foreign investors are still prohibited to directly engage in certain sensitive fields.

Granting Restricted Stock Units to Your Employees in China

An restricted stock unit (RSU) is a form of compensation offered by an employer to an employee in the form of company stock. Find out how to enjoy preferential tax rate when offering RSUs to your excellent employees in China.

The Annual Audit Compliance Process for FIEs in China

China has various nuanced annual audit procedures that FIEs will have to follow in order to achieve full compliance. Here, we provide a step by step guide to these procedures, including general requirements and materials to be prepared.

Overtime Payments and Regulations in China

In this article, we look into the overtime regulations in China, which are typically regulated under the People’s Republic of China Labor Laws and give readers a brief introduction of how to calculate overtime payments in the country.