Other Briefings
Non-profit Organizations in China: How to Apply for Tax Exempt Status
China has amended qualification standards and procedures for non-profit organizations (NPOs) to acquire tax exempt status. Read about the new rules here.
Hong Kong Account Holders: Prepare for AEOI Reporting
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 Transfer Pricing Regime
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.
China on Beneficial Ownership, Safe Harbor Rule: Claiming Tax Treaty Benefits
China recently released the long-awaited Public Notice [2018] No.9 (Public Notice 9). Public Notice 9 provides additional guidance on assessing the beneficial ownership status for the purpose of enjoying the treaty benefits under China’s tax treaties, including the China-Hong Kong Double Tax Agreement.
China’s Anti-tax Avoidance Rules
The general anti-avoidance rule empowers Chinese tax authorities to make reasonable adjustments where an enterprise implements an arrangement without reasonable business purposes in order to reduce its taxable income or profit. Read more about China’s anti-tax avoidance rules here.
How to Calculate Corporate Income Tax in China
All enterprises in China are subject to corporate income tax (CIT). In this article, we explain how to pay CIT in China.
Hong Kong’s New Two-tiered Profits Tax
Hong Kong has introduced a two-tiered profits tax regime, which will reduce the overall tax burden on enterprises, especially for small and medium enterprises, and boost Hong Kong’s status as a preferred investment jurisdiction in Asia. Here, we look at the details of the new tax system.
Hong Kong BEPS Bill: New Transfer Pricing Regime to Regulate Documentation
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.
