China’s VAT updates take effect next week

Two important changes to China’s value-added tax (VAT), announced in late March by China’s Ministry of Finance (MOF) and the State Administration of Taxation (SAT), will become effective on May 1, […]

New Obligation for Hong Kong Companies

From March 1, 2018, each Hong Kong company has to maintain a newly-created “Significant Controllers Register” (SCR). The purpose is to enhance the transparency of corporate ownership and control as […]

China Offers Tax Break to Foreign Companies

Foreign companies will be temporarily exempted from paying withholding tax (WHT) in China on profits that they reinvest in the country, as long as these re-investments meet certain conditions.   […]

Hong Kong 2018-2019 Budget Highlights

A record-breaking budget surplus of HKD138b (USD 17.6b) for the 2017-2018 fiscal year was the biggest news delivered by Hong Kong Financial Secretary Paul Chan Mo-po at today’s budget address. […]