Our collection of resources based on what we have learned on the ground
Resources
Q&A
What is the process of the annual audit work for Joint Ventures (JV), Wholly For...
- November 2015
- Free Access
First of all, enterprises need to prepare a statutory annual audit report, which includes a balance sheet, an income statement and a cash flow statement. As a next step, enterprises need to prepare a corporate income tax (CIT) reconciliation report. ...
Q&A
What are some factors that need to be considered when doing the annual audit wor...
- November 2015
- Free Access
1) Bank statements: The balance on the bank book needs to be the same as that stated in the bank statement. 2) Expense report: Audit fees, salaries, rentals, utilities, FESCO fees and any other expenses need to be properly accrued with contracts or ...
Q&A
What does ?Regulations on the Administration of Registration of Resident Represe...
- November 2015
- Free Access
On the 19th of November, 2010, the State Council issued the regulations and it came into effect on the 1st of March, 2011. This regulation concentrates the degree of business and their valid financial records. The submission date required is from the...
Q&A
What is needed needs to be prepared when going through annual tax filing process...
- November 2015
- Free Access
Since the responsibility for tax filing in China is with the taxpayer, the bureau does not need to send out tax returns and it is the taxpayer’s responsibility to collect and file tax forms according to relevant regulations. Although regional v...
Q&A
Why is it recommended to start preparing for China?s annual audit in November in...
- November 2015
- Free Access
Most companies in China start preparing for the annual audit in January and February, however it is sometimes recommended to start instead as early as November. This gives companies enough time to carry out a preliminary audit first before the final ...
Q&A
What is the Trans-Pacific Partnership (TPP) and how will it affect China?
- November 2015
- Free Access
The partnership initially began as the Trans-Pacific Strategic Economic Partnership Agreement (TPSEP) in 2005 which was signed off by Brunei, Chile, New Zealand and Singapore. In addition, Australia, Canada, Japan, Malaysia, Mexico, Peru, the United ...
Q&A
What are some challenges that the Trans-Pacific Partnership (TPP) members can fa...
- November 2015
- Free Access
1) Government Procurement: Government procurements need to be very transparent, predictable, and non-discriminatory to allow member state companies to be aware of opening up bids and contracts. 2) Labor Regulations: Emerging Asian countries need to ...
Q&A
What are some positive impacts of the Trans-Pacific Partnership?
- November 2015
- Members Access
Australia’s need for energy resources from Brunei will open up markets for Australian products in Canada, Mexico and Vietnam. However, since Australia’s main exports are mining and energy industries, the competition for these industries s...
Q&A
What makes Singapore?s position as a member of the Trans-Pacific Partnership dif...
- November 2015
- Members Access
Singapore is unique in that compared to other members of the TPP the country has both investments across Asia and a large services industry. The country is very familiar with FTAs, with an existing highly beneficial agreement with the United States a...
Q&A
Why is Vietnam the major beneficiary member of the Trans-Pacific Partnership?
- November 2015
- Members Access
This partnership will open up significant markets for Vietnamese manufactured goods, especially in North America. Although Vietnam has serious concerns over the balance of trade it has with China, it seems that this partnership will help Vietnam&rsqu...
Q&A
What is the Regional Comprehensive Economic Partnership (RCEP) and how is that g...
- November 2015
- Free Access
The Regional Comprehensive Economic Partnership includes all ten ASEAN countries and in addition, six countries that ASEAN has FTAs with; Australia, China, India, Japan, New Zealand and South Korea. The concept of this partnership was given a mandate...
magazine
Annual Audit and Compliance in China 2016
- November 2015
- Members Access
In this issue of China Briefing, we provide a comprehensive analysis of the various annual compliance procedures that foreign invested enterprises in China will have to follow, including wholly-foreign owned enterprises, joint ventures, foreign-inves...
Enquire for more information about our services, and how we can help solve challenges for your organization
Contact UsOur Clients
Discover our esteemed global clients across diverse sectors. We believe in providing our clients with exceptional service and a commitment to being their partner for growth in Asia.
See what our clients say about us
