Newsroom
What are Fapiao Invoices in China?
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.
Strengthening Governance in Hong Kong Sports Associations: Navigating SFOC Requirements in a Multi-Layered Environment
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.
Understanding China’s New Invoice Compliance Framework: Positive Lists, Negative Lists, and Four‑Flow Consistency
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.
China’s Unrivaled Industrial Strength Shines Through Global Turmoil, Backed by BASF and Cross-Industry Data
Amid global turmoil, China’s industrial strength is drawing renewed confidence from multinational giants. From BASF’s €8.7 billion Zhanjiang mega‑project to cross‑industry data spanning chemicals, EVs, semiconductors and clean energy, China stands out as a rare anchor of scale, efficiency and stability for global investment.
Accounting in Mainland China: Where Compliance, Tax, and Control Converge
Running accounting in Mainland China demands rhythm and evidence. Monthly compliance aligns the business with regulators, while disciplined documentation defends tax positions. CAS books stand on their own, bridged systematically to group reporting. When evidence is assembled contemporaneously, VAT credits are protected, remittances proceed smoothly, audits stay calm, and management trusts the numbers through consistent controls and predictable month‑end execution.
Accounting Discipline in Hong Kong: Beyond the Year End Close
When accounting discipline becomes the daily norm, the yearend close looks ordinary. Audits move faster, fees stop creeping up, and tax positions rest on contemporaneous evidence. Cash is visible and controllable, forecasts feel like plans, and boards stop asking whether numbers can be trusted, leaders focus on what to do.