Our collection of resources based on what we have learned on the ground
Resources
Q&A
What are China's "Enterprise Annual Reporting Form for Related Party Transaction...
- November 2017
- Members Access
When filing annual tax returns, all resident enterprises under tax assessment by accounts inspection, and non-resident enterprises that established organizations or premises in China should submit the Enterprise Annual Reporting Forms for Related Par...
Q&A
How is China's social security system structured?
- April 2017
- Members Access
China’s social security system is composed of five different insurance types plus one mandatory housing fund scheme. Each has different contribution rates for employers and employees. Employers need to contribute on behalf of every employee, bu...
Q&A
What are the consequences of social security offences committed by employers in ...
- April 2017
- Members Access
Starting from January 2017, labor and social security offences committed by employers – including “failure to pay employees’ remuneration without reason” or “failure to pay or enroll in social insurance premiums” &...
Q&A
How can IT solutions help improve efficiency in payroll processing in China?
- April 2017
- Free Access
The HR and payroll processes of many companies operating in China are still paperbased or recorded on obsolete digital archives. Single function software such as tax processing programs can thus be a solution for both small and medium enterprises, bu...
Q&A
What are the benefits of outsourcing payroll processing in China to a third part...
- April 2017
- Members Access
New market entrants, SMEs with limited budget and rapidly expanding companies are particularly advised to outsource their payroll processing. By outsourcing payroll, businesses can increase its accuracy, decrease the room for errors that may cause re...
Q&A
What is the business scope for a WFOE and what is the relevance of this?
- March 2017
- Members Access
The business scope is a one-sentence description of a company’s activity within China; the creation of the business scope is crucial, because it directly affects the legal operations of the company, and the company’s ability to issue offi...
Q&A
Why is investing in China in 2017 different from investing in the country a deca...
- February 2017
- Free Access
A decade earlier China had a GDP growth of 14.2 percent on the back of surging manufacturing and exports. Nowadays, China is entering an upper middle income status with more modest but constant growth, based on domestic consumption, services, and hig...
Q&A
What is the registered capital required for a WFOE in China?
- February 2017
- Members Access
The choice of the amount to register as capital is a delicate decision, because if it is too little, the WFOE application might be rejected by officials, and it could put the company at risk of insolvency, while if it is too much the company risks ha...
Q&A
What is a Human Resources (HR) audit?
- December 2016
- Free Access
An HR audit is an independent and objective evaluation of the current state of an organization’s HR policies, practices and documentation, and systems, that can be used to advise a company about hidden HR-related problems and mistakes, as well ...
Q&A
What are the assurances an HR auditing process should give?
- December 2016
- Free Access
An HR auditing process should assure the company that it is correctly complying with all government regulations, that the business talent requirements are satisfied, that the HR management risks are being addressed appropriately and finally that the ...
Q&A
Who can conduct an HR audit?
- December 2016
- Members Access
An HR audit can be conducted internally, if the organization’s own staff have the competence and the expertise necessary to do it. However, it is suggested that the organization hires outside legally-qualified counsel to perform the audit, beca...
Q&A
How often is it recommended to conduct HR audits?
- December 2016
- Free Access
It is advisable to conduct HR audits on an annual basis. This solution might not seem viable, but in reality, conducting an HR audit on a regular basis reduces the time and effort needed, because the amount of HR documentation needed to be discovered...
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