Our collection of resources based on what we have learned on the ground
Resources
Q&A
Why is the annual audit important to Foreign Invested Enterprises (FIEs) in Chin...
- November 2015
- Free Access
Since FIEs are allowed to distribute and repatriate their profits or dividends back to their home country only after they complete their annual statutory audits and settlement of all relevant tax liabilities, failure to comply with the annual audit w...
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...
report
Company Deregistration in China
- November 2015
- Members Access
Closing down a company requires both time and cost â simply walking away might seemingly save the investor these expenses in the short term. However, for investors with a future perspective on doing business in China or looking to close potentia...
infographic
Steps of preparing the annual audit in China
- November 2015
- Free Access
This infographic shows steps of preparing the annual audit in China - from preparing the report to reporting to AIC.
guide
Selling, Sourcing and E-Commerce in China 2016 (First Edition)
- October 2015
- US $19.99
Selling, Sourcing & E-Commerce in China 2016, produced in collaboration with the experts at Dezan Shira & Associates, provides a comprehensive analysis of all the aspects of commerce in China. It discusses how foreign companies can best go about sour...
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