We discuss the immediate implications if the US revokes Hong Kong’s special status as a separate customs and travel territory from the rest of China.
We discuss how businesses can identify and prepare against exposure to fraudulent risks within the organization during times of economic turmoil like COVID-19.
China has unveiled several measures to support businesses impacted by the economic stress due to COVID-19, including the extension of preferential policies relaxing tax and fees and social insurance payments.
We explain which US products subject to retaliatory tariffs imposed by China (from July 6, 2018) can claim for exclusion from the tariffs.
More Hong Kong companies outside the essential industries can avail of the exemption, now extended to June 7, 2020.
Qualifying enterprises in China’s Western Regions like Guangxi and Yunnan can pay a lower CIT of 15% from Jan 1, 2021 in an extension of the preferential tax scheme.
Details about the corporate dishonesty of scandal-hit chain Luckin Coffee makes the best case for why implementing internal due diligence is necessary in China.
This article outlines China’s preferential policies and tax incentives available to businesses impacted by COVID-19, including foreign invested-entities.