Other Briefings
Hong Kong’s New Patent Box Regime: A 5% Tax Concession for Qualified IP Income
The patent box tax concession in Hong Kong was enacted on July 5, 2024. Taxpayers who meet specific requirements can be charged profits tax at the concessionary rate of 5 percent instead of the normal profits tax rate of 16.5 percent.
China Offers Special Equipment Tax Incentive for Green and Digital Development
The new incentive allows companies to deduct investments in digital and smart upgrades of special equipment from their corporate income tax.
Tax Audit in China: A Complete Guide
In this article, we provide a comprehensive guide to tax audits in China, including typical processes, recent trends, as well as practical case studies.
China Monthly Tax Brief: June 2024
Highlights from this monthly China tax brief include the increased duty-free quotas for Hong Kong and Macao residents entering the mainland, the tax policy regarding temporary import repair in the Shanghai FTZ, and Shenzhen’s new measures to attract foreign investment.
Understanding IFRS 18: Key Updates for Financial Statement Presentation and Disclosure
The new IFRS 18 standard will impact all entities applying IFRS, influencing how they present and disclose financial performance. In this article, we explore the essential aspects of IFRS 18 and guide entities on the necessary steps to prepare for this upcoming standard.
China Monthly Tax Brief: May 2024
Highlights from this monthly China tax brief include the new beneficiary owner reporting rules to be effective from November 1, 2024, the expanded tax incentives in the Qianhai Cooperation Zone, and the advance tax ruling measures implemented in Beijing and Maoning City.
Tax Implications for Businesses Under China’s New Company Law
Under the New Company Law, companies and stakeholders face new tax implications. Ahead of its implementation, thorough understanding, staying informed, and consulting legal and tax experts are essential for proactive risk management.
An Introduction to Doing Business in Hong Kong 2024
This publication, updated in April 2024, is designed to introduce the fundamentals of doing business in Hong Kong. This guide covers corporate establishment, tax and audit, HR and payroll, and cybersecurity and data protection.
