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Insights

CW CPA Professional Insights on China and Cross-Border Business

Topics
Foreign-invested enterprises and other companies operating in China face a year-round compliance cycle that extends well beyond annual filings. In addition to monthly and quarterly tax and payroll obligations, companies must manage annual audits, corporate income tax reconciliation, annual reporting, and time-sensitive updates to corporate and shareholder information. This article outlines the main compliance requirements under the PRC framework and highlights the practical areas where companies most often face timing, coordination, and disclosure issues.
Changing a legal representative in China requires careful planning beyond the registration filing. Companies should review their articles of association, approval procedures, company chops, bank access and handover arrangements to ensure compliance and reduce legal and operational risks.
Setting the right amount of registered capital for a foreign-invested enterprise in China is crucial. Too little or too much can have far-reaching consequences. This article provides guidance on how to determine your registered capital needs.
China’s fapiao system has undergone major digital transformation. This updated guide explains what fapiaos are, how they support VAT compliance and business expense management, and what companies should know about China’s nationwide rollout of fully digitalized electronic invoices from 1 December 2024.
The SFOC Code of Governance is reshaping governance expectations for Hong Kong sports associations. This article examines key governance principles, compliance challenges, and practical strategies for managing affiliated bodies within a multi-layered sports ecosystem.
China’s new invoice compliance framework introduces positive and negative lists that turn “four‑flow consistency” into a enforceable standard. By linking contracts, business substance, fund flows, and invoices, the rules significantly heighten tax scrutiny—especially for foreign‑invested and cross‑border operations.