May 3, 2016 Office Removal Notice Dear Valuable Customers, To cope with our business development, we are pleased to inform you that with effective from April 29, 2016 , Uni-World Services Co. Ltd. Hong Kong Head Quarter office will be relocated to the following new address: Our telephone no. and office working hour will remain unchanged. [...]
B2V reform (I) - Opportunities and challenges to the real estate and construction sectors On 24 March 2016, the Ministry of Finance (MoF) and the State Administration of Taxation (SAT) jointly released Caishui [2016] No. 36 on the Comprehensive Roll-out of the B2V Transformation Pilot Program ("Circular 36"), under which the real estate and the [...]
The central government will determine a reasonable share of revenue for local governments from the value-added tax, which will replace the business tax nationwide next month, Premier Li Keqiang said on Monday. Li was speaking to heads of government of 20 provinces, municipalities and autonomous regions at a meeting while soliciting opinions on how to [...]
B2V expansion measures released - VAT chain is now completed for all industries On 5 March 2016, Premier Li Keqiang indicated in the government work report that the pilot program for the transformation from Business Tax (BT) to Value Added Tax (VAT) (the "B2V Reform") would be expanded to cover the construction sector, real estate [...]
David Cameron last night bowed to a week of political pressure and disclosed that he had made money from an offshore fund. After days of semi-denials and artfully crafted statements, the prime minister admitted that he and his wife sold shares of than ￡30,000 in an offshore fund set up in Panama by his father, [...]
The Secretary for Financial Services and the Treasury, Professor K C Chan, on behalf of the Government of the Hong Kong Special Administrative Region, signed in Riga today (April 13, Riga time) a comprehensive agreement for the avoidance of double taxation (CDTA) with Latvia. Representing the Government of Latvia to sign the agreement was its [...]
The agreement between Hong Kong and the United Arab Emirates for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income has entered into force, a Government spokesman said today (December 18). The agreement was signed in December last year. It came into force on December 10, 2015, after [...]
Agreements between Hong Kong and six Nordic jurisdictions (namely, Denmark, the Faroes, Iceland, Norway, Sweden and Greenland) for the exchange of information relating to tax matters have entered into force, a government spokesman said today (March 2). The agreements were signed in August 2014. They came into force on the following respective dates, after the [...]
The agreement constituted by the exchange of notes between Hong Kong and Japan regarding the Exchange of Information Article of the Comprehensive Avoidance of Double Taxation Agreement between the two jurisdictions has entered into force, a government spokesman said today (July 6). The notes were exchanged in December last year. The agreement constituted by the [...]
The agreement between Hong Kong and Italy for the avoidance of double taxation with respect to taxes on income and the prevention of fiscal evasion has entered into force. The Secretary for Financial Services and the Treasury, Professor K C Chan, said today (August 14), "Hong Kong has all along been committed to expanding its [...]
