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 [...]
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 started nationwide tax reforms to use value added tax as a replacement for businesses tax in May. Wednesday was the first day of declaration for the pilot program, and many firms saw their tax burdens significantly reduced. Companies with expenditures for property rentals can enjoy having a large part of their taxes deducted under [...]
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 [...]