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 recently released the long-awaited Public Notice  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.
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.
All enterprises in China are subject to corporate income tax (CIT). In this article, we explain how to pay CIT in China.
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 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.
On January 1, 2018, the Chinese government implemented a new environmental tax policy, effectively ending the pollutant discharge fee that had been in effect for the past 40 years. In this article, we look at the new Environmental Protection Tax, and its impacts on businesses in China.
Businesses in Shenzhen have until December 31 to register real name authentication of key tax-related personnel. In this article, we provide a step-by-step guide on how businesses can register their tax personnel with the local authorities.