Other Briefings
Hong Kong Considers Easing Housing Market Restrictions
Secretary for Financial Services and the Treasury, Chan Ka-keung, has said that Hong Kong will consider easing measures implemented to check real estate speculation if U.S. interest rates begin to rise, but will not make any significant changes to the city’s policy in the meantime.
Hengqin New Area Announces Preferential Policies
The State Administration of Taxation announced new preferential tax policies for certain industries operating within the Hengqin New Area, located in the Zhuhai Special Economic Zone in Guangdong Province.
Guangzhou Implements Commercial Registration Reform
Guangzhou released the ”Circular on Fully Implementing the Commercial Registration in Guangzhou Municipality” on December 30, 2013. The Circular, which rolls out commercial registration reform across the city, began January 1, 2014. Detailed information can be found here.
Update: Shenzhen Residence Permit Interviews with Public Security Bureau
Oct. 30 – China’s Public Security Bureau (PSB) requires a preliminary interview for any foreigner that wants to apply for a residence permit in Shenzhen (applicants under age of 18 years old or above 70 years old are exempted). Only applicants who have passed the interview will have their residence permit application put forward for […]
The State of Domestic Coffee Production in China
In a nation of avid tea drinkers, coffee continues to gain ground. By Nathan Barlow Oct. 22 – Coffee first made its initial appearance in China when a French missionary in the 1890s planted beans throughout Yunnan Province. Over the next hundred years, coffee would go largely unnoticed but, as is the case with many […]
China Clarifies Recognition of Resident Enterprises Under Hong Kong DTA
Oct. 15 – To enjoy the tax benefits of the double taxation avoidance agreement (DTA) signed between Hong Kong and Mainland China (“the Mainland”), eligible applicants must be tax residents of Hong Kong. Recently, China’s State Administration of Taxation (SAT) released the “Announcement Concerning Resident Status Recognition Procedures in Implementing the DTA between Hong Kong […]
China to Crack Down on Use of Hong Kong Shelf Companies?
ChinaWhys scandal could impact upon use of shelf companies with no Hong Kong assets Op-Ed Commentary: Chris Devonshire-Ellis Sept. 3 – A result of part of the investigation into the ChinaWhys scandal and the continuing incarceration of the company’s directors in China could be a shift in attitude towards the use of shelf companies in […]
Hong Kong Now Allowed to Sign Standalone Tax Information Exchange Agreements
Aug. 2 – The Legislative Council of Hong Kong recently passed the Inland Revenue (Amendment) Bill 2013 (hereinafter referred to as the “Bill”) on July 10, which will enable Hong Kong to directly enter into tax information exchange agreements (TIEAs) with other jurisdictions. The Bill also enhances and makes more efficient the exchange of information […]
