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. […]
China Cuts Tariffs on Consumer Goods
China has reduced import tariffs on 187 types of consumer goods from an average of 17.3 to 7.7 percent. The new import duties were announced this November 24th and became effective […]
China’s Green Push is Here to Stay
President Xi Jinping is placing anti-pollution high up on his agenda as he enters his second five-year term in office, echoing the intensity of his sweeping crackdown on […]
China’s New “Negative Lists” are Positive News for Foreign Investors
China continues its paced but steady easing of official barriers to foreign investment. Two important steps in this direction took effect this July: an updated negative list regulating foreign investment […]
Hong Kong Plans Two-Tier Profit Tax System
In her first policy address as Chief Executive on October 11th, Carrie Lam pledged to go through with what would be Hong Kong’s largest profit tax reform in decades. Here […]