New Inspection Regime for Hong Kong Companies
In recent years, there have been rising concerns over whether personal data contained in public registers are adequately safeguarded, especially in light of increased reported cases of doxing...
Financial Statements requirements in Hong Kong
The Hong Kong Companies Ordinance[1] put in place since 2014 require companies incorporated in Hong Kong to prepare annual accounting and audits. Companies must provide financial statements including...
TAX ALERT | Refund of Three Authorized Tax Collection Commissions (Ⅱ)
Previously, we have already made an elaboration on the definition of three authorized tax collection commissions, the management method, the allocation rate and the maximum limit. In this...
TAX ALERT | Refund of Three Authorized Tax Collection Commissions (Ⅰ)
To further regulate and strengthen the administration of commissions paid for the withholding and remittance of taxes, the collection and payment of taxes, and the commissioned collection of...
What do you know about AEOI?
Today’s global economic environment is characterized by the high mobility of capital and labor across national borders. Against the backdrop of a legal framework governing the taxation of...
Business license new version is here!
July 25th, 2022, the General Office of the State Administration for Market Regulation issued a «Notice on the Adjustment of the Business License Contents», adjusting the content of...
“Multilateral Convention on the Implementation of Measures relating to Tax Treaties to Prevent Base Erosion and Profit Shifting” will enter into force for China on 1 September 2022
The “Multilateral Convention to Implement Tax Treaty Related to Prevent Base Erosion and Profit Shifting (hereinafter referred to as the MLC), commissioned by the Organization for Economic Cooperation...
Accounting and tax filings requirements for Hong Kong and Singapore companies
Hong Kong and Singapore are often recognized and used by international groups as their Asian holding. It is true that both systems use accounting standards similar to Anglo-Saxon...
Update on Fully Digital E-invoicing under the Age of Big Data
Recently, with the increasing promotion and use of fully digitalized electronic invoices (hereinafter referred to as "all-electronic invoices"), the general taxpayers' concern about all-electronic invoices is also increasing...
Policies & Measures to Support the Healthy Development of Individual Entrepreneurs in Shanghai
On 26 July, the Shanghai Municipal Office of the Joint Conference on Supporting the Development of Individual Entrepreneurs officially released the "Shanghai Municipal Policies and Measures for Supporting...