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bdp: One-stop service for more than 25 years

Experienced consultants can generate value through supporting companies in various topics, e.g. in conducting effective evaluation and analysis for production and operation processes, establishing a modern management system, recommending and assisting in implementation of relevant actions to raise business benefits. When going abroad companies are likely to face plenty of difficulties due to the missing proximity to the parent company. Especially SMEs must ensure compliance with relevant laws and regulations abroad, e.g. in aspects of tax, legal, foreign exchange and customs.

Within more than 25 years bdp efficiently supported several hundred of clients in the fields of auditing, tax, legal, financing, process optimization, internal control, restructuring and M&A. It is our intrinsic goal to consult SMEs and their subsidiaries in their interest and to maintain an overview on their behalf of frequently changing requirements by taxation, company, labor and accounting laws.

As one of Germany’s leading consulting firms, bdp provide German companies „One-stop service, a whole package solution” to the companies that they may encounter the challenges in different stages of China´s investments. Please do not hesitate to contact our experts to discuss your China´s investment from the tax & accounting and legal perspectives.

Dr. Michael Bormann
Founding Partner of bdp

English

News

Profit Distribution

Even to this day, the profits of foreign-invested enterprises in China continue to accumulate. The following article will briefly describe the required documents and critical points for profit distribution.

Covid-19 Pandemic: An important link in the global supply chain.

China's "broken chain" effects on global supply chains from China to Europe and Germany

Covid-19 blows up international supply chains. Companies are now learning how fragile the global production system really is. The lockdown and quarantine actions initiated by China led to the closure of the factory in the world's second-largest economy, disrupting supply chains globally. In the next few years, as a production base and sales market, China's importance will continue. After the pandemic, most companies may reorganize their supply chain. Will the global industrial chain really underly a "Decoupling" from China in the short term?

Relevant precautions of the General Manager regarding civil, criminal and administrative liabilities in China

Given the increasing number of German top managers at the German parent company, who take the position as General Manager, Executive Director or Legal Representative of the Chinese subsidiary, we now summarize the relevant precautions of the General Manager in civil, criminal and administrative liabilities in China.

China‘s National People‘s Congress (NPC) passes new bill for foreign investments

By the end of the annual conference on March 15th 2019 China has voted for a new law that is supposed to bring an end to the disadvantages of foreign firms in China and aims for fair competition. The legislative regulations shall come into force on January 1st 2020. This Foreign Investment LAW (FIL) thus poses a legal foundation for investment- and business activities in China.

More Detailed Rules on China VAT Reform

In today’s Newsletter we will introduce the detailed rules of VAT reduction, which shall have an impact on the tax burden of your company.

New Regulations regarding the Individual Income Tax (IIT) in China

According to the new PRC law regarding the Individual Income Tax (IIT) and the implementation of its guidelines, the Chinese Ministry of Finance (MOF) and the State Administration of Taxation (SAT) together made public MOF/SAT bulletin (2019) No. 34 and No. 35, to set the following matters:

Legal representative’s powers and responsibilities

The powers of a legal representative are not clearly defined by PRC Company Law.

Key positions by a WFOE

A WFOE has the following key organs:

Starting from 01.04.2019: China to Reduce VAT Rate

To support the slowing economy, "China will reduce the current 16% value-added tax (VAT) rate for manufacturing and other industries to 13%, while the current 10% VAT rate for transportation and cons-truction industries will be 9%," Premier Li, Keqiang said at the two sessions (Lianghui: NPC & CPPCC) on March 5, 2019.

Latest M&A-Projects

If you are interested in our M&A-Opportunties (Sell-Side & Buy-Side) do not hesitate to contact us for further informations.

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