Hong Kong account holders – both individuals and entities – must prepare to report their tax information to the Inland Revenue Department (IRD) by May 2018 for exchange with partner countries.
Hong Kong’s new Amendment Bill represents a crucial step in the development of Hong Kong’s transfer pricing regulatory and enforcement regime. Here, we look at the key elements of Hong Kong’s new transfer pricing regime.
Hong Kong has brought forward a new BEPS bill that introduces a transfer pricing regulatory regime and mandatory transfer pricing documentation requirement as well as a variety of other anti-BEPS changes. The bill, which is more comprehensive than expected, marks a significant step up in Hong Kong’s transfer pricing enforcement regime.
Guangdong province, China’s manufacturing heartland, has announced new measures to attract foreign investment. In this article, we look at the new incentives available in Guangdong for foreign investors.
This year, regulations have been amended and policies have been promulgated to incentivize living and working in Shenzhen. In this article, we detail three recent government initiatives that provide opportunities for foreign talent.
Over the past years, manufacturing in China has steadily crept inland as companies seek not only to lower their costs, and also to take advantage of government incentive programs aimed at developing western provinces. Here, we look at the three key industrial zones in Chongqing, and their preferential policies for foreign businesses.
Foshan’s GDP reached US$123 billion and attracted US$2.4 billion in foreign direct investment in 2015, mostly into manufacture of machinery and equipment. Here, we look at how Foshan’s economy is changing and what opportunities are in store for foreign investors.
Chinese President Xi Jinping has decreed that the Xiongan New District be created in Hebei, about 160 km south of Beijing. The area will be developed with similar incentives and infrastructure that were put in place with the creation of Shenzhen and the Pudong New Area.