LehmanBrown International Accountants

MSI's Chinese accounting member LehmanBrown International Accountants explore Shanghai’s FTZ and the benefits that international companies can gain.

This article by MSI's Chinese accounting member Lehman Brown International Accountants delves into the essential benefits that expatriates can enjoy when paying China's social welfare insurance ("Social Security”).

The COVID-19 pandemic has established itself rapidly in early 2020, affecting entire countries, communities, and families. The measures taken to contain the virus have also severely affected the economic activities, which in turn have implications for financial reporting. MSI's Chinese accounting member LehmanBrown International Accountants provides further insights.

2020 has seen a boom in E-Commerce in China because of new policies and regulations that expand the reach of its Cross-Border E-Commerce Pilot program to 105 cities and regions.  MSI's Chinese accounting member Lehman Brown Ltd. provides a general guide for international businesses setting up on WeChat, Taobao, TMall or JD.com

China is opening it’s market as the Negative list is reduced to 33 from 40. The Special Administrative Measures for Foreign Investment Access or better known as the “Negative List” in China is a list of industries where foreign investment is prohibited or heavily regulated. However, foreign investors can access regulated industries through joint ventures or cooperative structures. MSI's Chinese accounting member Lehman Brown provides further insight.

The Chinese government recently passed VAT reforms for current general VAT payers' sales activities and imports that are subject to VAT an existing applicable rate of 16% to 10%, to the applicable VAT rate adjusted between 13% to 9% respectively from the 1 April 2019. MSI's Chinese accounting member LehmanBrown Ltd provides a summary of the recent VAT reform in China.