Forvis Mazars in China

Our Accounting and Outsourcing team participated in the Forvis Mazars APAC Outsourcing Conference held in Hanoi, Vietnam. Our partners, Thomas Chen, Julia Zhen, Hui Zhang and Seven SHEN represented Forvis Mazars in China at this conference on 17 and 18 October. Throughout the two-day event, our APAC outsourcing leaders took part in discussions focused on the latest trends in Accounting, Payroll, and Company Secretarial practices in the APAC region. Thomas, Julia, Chloé and Seven also shared insights into the prevailing trends within the China outsourcing market. This remarkable annual event convened thought leaders, industry experts, and professional participants from all over the region to exchange insights, share innovative ideas, and explore new opportunities. The team also engaged in valuable dialogues with fellow APAC leaders, facilitating knowledge exchange and best practices that sparked new ideas and reinforced our dedication to fostering innovation and delivering outstanding value to our clients. In addition to the organized sessions, attendees enjoyed a rich cultural experience in Hanoi, which allowed them to gain insights into Vietnamese culture and foster personal connections with colleagues. A heartfelt thank you to the Forvis Mazars in Vietnam team for hosting this event and ensuring its smooth and successful execution! At Forvis Mazars, we are eager to continue strengthening our connections as we move forward! #ForvisMazars #WeAreForvisMazars #ForvisMazarsinAPAC #APAC #annualconference #insights #outscourcing #accounting #payroll

Join us for the coming webinar titled “ESG Reporting in the European Union -- Quo tendimus: Impact on Chinese businesses over the next three years”. In this webinar, with the help of practical examples and different scenarios, Forvis Mazars experts Finn Steinmann, Chantal Gernoth and Hongjiang G. will give you a general insight into the regulatory landscape of the European Union and especially take a closer look at the CSRD and its reporting requirements, as well as the possible impact on Chinese businesses. Building the basis for CSRD reporting, we will also discuss the importance of the double materiality approach and analysis. Enroll the webinar here: https://lnkd.in/e2vrUCEs   The EU Green Deal has set the goal to achieve climate neutrality for the European Union until 2050. In order to reach this goal, the EU wants to channel investments into sustainable solutions and businesses. One of the tools are regulations in the field of Environmental, Social and Governance (ESG) reporting. In the upcoming years, the Corporate Sustainability Reporting Directive (CSRD) will require more than 50,000 companies across the EU to report on sustainability in accordance with the European Sustainability Reporting Standards (ESRS). This regulatory will have a profound impact on Chinese businesses as well – directly or indirectly. The CSRD regulation takes effect generally in four phases. For the current financial year of 2024, large companies which are already subject to the Non-financial Reporting Directive (NFRD), have to apply to the CSRD using the ESRS standards. In the financial year of 2025, all other large companies are subject to CSRD reporting, followed by capital market oriented SME from 2026. Latest in 2028, companies with non-EU parents (for example the subsidiaries in the EU of a Chinese parent company) with for example a net turnover above 150 million euros within the EU are required to fulfill the requirements of CSRD. The first section of companies in the scope of the CSRD will soon have to start applying the ESRS. These standards require companies to report on a broad range of non-financial topics using data and qualitative information from various geographic areas and across the entire value chain. This is a significant step up in reporting requirements and presents a challenge for all companies. Enroll the webinar here: https://lnkd.in/e2vrUCEs   #ForvisMazars #China #Germany #GlobalChinaServices #Business

Welcome to join in the webinar!

[#Outsourcing] 🌐 Interested in Doing Business in Mainland China ? China offers vast opportunities for businesses across various industries with its massive market potential and dynamic economic growth. Understanding China's unique cultural and regulatory landscape can lead to successful market entry and expansion, making it a vital destination for companies seeking global growth. 💡 Here are 5 tips for Doing Business in Mainland China To know more about it: https://lnkd.in/eFitDAdz #ForvisMazarsinChina #Outsourcing #GlobalExpansion #DoingBusinessinChina #Incorporation #China

Join us for an insightful webinar titled "Amount B of Pillar 1: Challenges for Distribution, Agent, and Commissionaire Activities." In this session, Forvis Mazars Group experts Nikko FU, Gokce Gucuyener, FREDERIC BARAT, Coralie Crespin, Jeanette Yvonne Hornschuh, and Stephan Wolligandt will analyze the key transfer pricing issues and strategies for addressing them in the context of Amount B of Pillar 1. Don't miss this opportunity to deepen your understanding of these complex topics with our team of specialists. Enroll the webinar here: https://lnkd.in/gnmM32v3 The report on Amount B of Pillar 1, which provides for a simplified and streamlined approach for marketing and distribution activities, was approved and published by the Inclusive Framework on 19 February 2024, and its contents have been incorporated into the OECD Transfer Pricing Guidelines. This simplified and streamlined approach is intended to increase tax certainty and reduce the compliance burden for both taxpayers and tax administrations, particularly those in low-capacity jurisdictions with limited resources. A definition of a covered jurisdiction was published by the OECD on 17 June, including a number of African, Latin and South American countries. Unlike Amount A of Pillar 1 or Pillar 2, no turnover threshold is defined for its application and all multinational groups with a distribution activity are likely to be concerned. This simplified approach requires immediate preparation, as it will come into force on 1 January 2025 for countries that have opted for this simplified approach. Enroll the webinar here: https://lnkd.in/gnmM32v3   #ForvisMazars #China #Germany #GlobalChinaServices #Business

[#Webinar] Last week, our APAC Outsourcing experts led an informative session on "Doing Business in APAC," covering valuable insights on the current regulatory environment, potential tax implications, and other considerations in Korea, Japan, and Taiwan. For more information on doing business in Korea, Japan, and Taiwan, contact our experts: Thomas Chen - Partner, Head of Outsourcing Services, Forvis Mazars in China Julien HERVEAU 줄리앙 에르보 🇫🇷🇰🇷🇪🇺 - Managing Partner, Forvis Mazars in Korea | 새빛회계법인 Celine Takizawa - Partner, Outsourcing Services, Forvis Mazars in Japan Al Chang - Managing Partner, Forvis Mazars in Taiwan (China) Thank you to everyone who joined us! This webinar is part of a series, with the next one in September focusing on Thailand, Vietnam, and Malaysia. Stay tuned for more updates and future events. #forvismazars #forvismazarsinapac #webinar #apac #outsourcing #doingbusiness #forvismazarsinchina

Join us for an insightful webinar on "Doing Business in Central Asia". Together with Ludmila Dyakonova, Managing Partner of Forvis Mazars Group Central Asia, we will explore the strategic importance and investment potential of this dynamic region. Enroll the webinar here: https://lnkd.in/ggKni4mY This webinar includes a macroeconomic overview of Kazakhstan, Kyrgyzstan, and Uzbekistan, highlighting their economic landscapes and the investment opportunities in promising sectors, provide practical business tips from experts, and explain the legal structures available for investment. Additionally, the webinar includes insights into the tax regimes and the taxation of inbound and outbound flows in these countries. This webinar is ideal for investors, business leaders, and professionals looking to explore new opportunities in Central Asia. Enroll the webinar here: https://lnkd.in/ggKni4mY #ForvisMazars #ForvisMazarsinChina #ForvisMazarsCentralAsia #DoingbusinessinCentralAsia #GlobalChinaServices #Business #Outbound

[#ForvisMazars] #WeAreForvisMazars. A new global professional services network built for our clients, our people and communities. As a two-firm network, Forvis Mazars is unique in the market and provides the agility and coverage to support clients wherever in the world they operate. 

Join us for an insightful webinar on "Doing Business in Central Asia". Together with Ludmila Dyakonova, Managing Partner of Forvis Mazars Group Central Asia will, we will explore the strategic importance and investment potential of this dynamic region. This webinar includes a macroeconomic overview of Kazakhstan, Kyrgyzstan, and Uzbekistan, highlighting their economic landscapes and the investment opportunities in promising sectors, provide practical business tips from experts, and explain the legal structures available for investment. Additionally, the webinar includes insights into the tax regimes and the taxation of inbound and outbound flows in these countries. This webinar is ideal for investors, business leaders, and professionals looking to explore new opportunities in Central Asia. Enroll the webinar here: https://lnkd.in/ggKni4mY #ForvisMazars #ForvisMazarsinChina #ForvisMazarsCentralAsia #Webinar #GlobalChinaServices #Business

[#ForvisMazars] Mazars and FORVIS have joined forces to become Forvis Mazars, a dynamic, two-firm global network operating under one global brand. Celebrating the launch of #ForvisMazars with our new logo and signage in China offices! #WeareForvisMazars #ForvisMazars #ForvisMazarsinChina