On March 12, 2019, the European Commission removed Hong Kong from the European Union’s watchlist on non-cooperative tax jurisdictions.
China will lower its value-added tax rates as part of an RMB 2 trillion (US$298 billion) tax cut package. See the new VAT rates here.
We explain changes to individual taxation in China, including the revision of tax brackets, expanding deductibles, and altered residency rules for foreign workers.
To achieve full compliance, foreign invested enterprises in China need to follow the specified annual audit procedures established by the government.
We examine the First Sale rule under US Customs law and how firms can use it to navigate the raised tariffs due to the US-China trade war.
China recently expanded the scope of its pilot VAT program for comprehensive bonded zones, adding an additional 24 locations.
The British Virgin Islands recently passed legislation strengthening transfer pricing rules, amid international criticism for its status as a tax haven.
Jiangsu province in East China has rolled out a series of tax cuts and new measures to bolster its private sector economy, especially SMEs.