One of the most challenging tasks for foreign investors in China might be to fully understand the financial statements prepared for their entities. In this article, we walk investors through the accounting practice in China, as well as explain the differences between China’s tax system and Chinese GAAP.
The Housing Fund is a unique feature of the Chinese welfare system, allowing employees to save money to pay for and maintain their own accommodation. Both employers and employees must make regular contributions into the Housing Fund.
Vietnam appears to be opening up to foreign tourists by waiving visa requirements for citizens of the five EU countries France, Germany, Italy, Spain and the UK.
Our ASEAN Briefing site has recently completed a detailed nine-part series on the cost of doing business in ASEAN compared with China. The series demonstrates that there is a developmental hierarchy amongst ASEAN nations.
In this week's China Regulatory Brief, we talk about the relaxed requirements for foreigners to apply for the permanent residence permit in China, new regulation on approval and filing of investment project, and pre-tax deduction policies for employee's education expenditure.
Vietnam may loosen tourist visa restrictions to allow visa-free entry to tourists from Australia, Canada, France, Germany, India, Italy, New Zealand, Spain, and the UK.
In this edition of China Outbound, we look into the tax policies and certain tax rates implemented in Asian countries. Elsewhere, we explain the "China Plus One" mode and why investors are suggested to move their factories to India.
The development of SMEs contributes over 60 percent to China’s total GDP growth and has become a major drive of the country’s economic advancement. Learn more about the new tax break policies for small low-profit enterprises in China in this article.
Foreign investors can breathe more easily now that the State Council has announced that existing tax incentives will stay in place. The central government had announced earlier that all incentives for foreign investors granted by local governments without State Council approval would be cancelled.
The newest issue of China Briefing Magazine, titled “China Investment Roadmap: The Automotive Parts Industry,” is out now and available as a complimentary download in the Asia Briefing Bookstore through the month of June.
In this article, Chris Devonshire-Ellis talks about Indian Prime Minister Modi's visit to China from and discusses China's economic relationship with India. China needs India to export its manufacturing to China to satisfy its future domestic demand.