Got your Hong Kong company setup and wondering how to keep costs low for a smooth and affordable audit? Of course this topic of a company audit isn’t the most fun topic – but let’s keep it as simple as possible! And please ask questions to see if we can help others out too. What’s [...]
A joint task force on the development of an innovation and technology park on the Lok Ma Chau Loop held its inaugural meeting in Shenzhen on Thursday. The meeting was co-chaired by Secretary for Innovation and Technology Nicholas Yang Wei-hsiung and Shenzhen Vice-mayor Ai Xuefeng. The terms of reference, operation and composition of the joint [...]
China's moves to further ease foreign investment policies will open doors in some monopoly sectors this year while prohibiting local governments from curbing foreign companies, experts said. Their comments came after the State Council issued a document late last month outlining 20 measures to spur declining investment activity, including opening the service and financial sectors, [...]
Public Finance: Objectives and Approach Consolidating Pillar Industries and Diversified Development Economic Performance and Forecast Investing for the Future, Sharing and Caring Capacity Building Government Revenue and Expenditure
China's northeastern region is showing signs of economic recovery since the traditionalheavy industries lost shine, figures released at the annual provincial sessions show. By seeking new growth engines in services, high-tech manufacturing and other sectors, theeconomy of Jilin province expanded 6.9 percent last year, exceeding the national averagefor the first time since 2014. Technology was [...]
Replacing the business tax with value-added tax (VAT), which helped reduce tax burdens on enterprises and industries, has brought many positive effects to China’s macro economy, according to Fan Yong, a professor at the School of Finance and Tax at Central University of Finance and Economics. Under the reform, VAT covered all services and products, [...]
CHINA'S Ministry of Finance (MOF) will adjust tariffs on a number of exports and imports. The new plan comes into force on Jan. 1, according to the MOF website. To meet domestic demand, tax rates will be lower on some imported commodities next year including hydraulic actuators for aircraft. Imports tariff will [...]
AEOI: STATUS OF COMMITMENTS (101 jurisdictions have committed) The table below summarises the intended implementation timelines of the new standard. JURISDICTIONS UNDERTAKING FIRST EXCHANGES BY 2017 (54) Anguilla, Argentina, Barbados, Belgium, Bermuda, British Virgin Islands, Bulgaria, Cayman Islands, Colombia, Croatia, Curaçao, Cyprus, Czech Republic, Denmark, Estonia, Faroe Islands, Finland, France, Germany, Gibraltar, Greece, Greenland, Guernsey, [...]
China collected 8.97 trillion yuan ($1.33 trillion) in taxes from January to September, up 7 percent year on year, the State Administration of Taxation (SAT) said Thursday. The tax revenue growth in the first nine months this year outpaced the economic expansion of 6.7 percent in the same period. Tax collected from the tertiary industry [...]
The behaviors of copycat are widely existed in current market, such as “the free-riding against the well-known brand names” and “the imitation of famous brand-name”. The existing of copycat not only disrupted the market order, but also brought the economic and reputation cost for many consumers and enterprises due to its quality issues. Especially in [...]