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Circular issued by the Ministry Of Foreign Trade And Economic Co-operation ("<B>MOFTEC</B>"), the State Administration of Taxation, the State Administration for Industry and Commerce ("<B>SAIC</B>") and the State Administration of Foreign Exchange ("SAFE") jointly on 30 December 2002 (the "Circular"), requires all PRC companies, in which foreign investors hold or have contributed less than 25% of the registered capital, to be examined, approved and registered in accordance with the relevant law

If you are moving or trading goods across borders, this topic should be of primary importance from both a Transfer Pricing and Customs perspective.

Welcome to issue 39 [2016] of Weekly Alert covering technical development in taxation around the globe.

HMRC has long had a reputation as one of the strictest tax collectors globally, but until recently, non-domiciled non-resident persons were treated leniently.

When a man dies, his estate will, after deduction of debts, funeral and testamentary expenses, be distributed according to his will or to the intestate law.

The proposed changes to the UK's non-dom and Inheritance Tax (IHT) regimes, that were announced in the Spring Budget and detailed in last month's Sovereign Report...

Welcome to issue 35 [2016] of Weekly Alert covering technical development in taxation around the globe.

The Financial Secretary of the Hong Kong SAR Government, the Honourable Mr. Paul Chan Mo-po delivered the 2021-22 Budget Speech in the Legislative Council on 24 February 2021.

The increasing popularity and growth of ship leasing, particularly in China and elsewhere in Asia, has been one of the most important developments in the global maritime industry over the last decade.

The Court of Appeal (COA) recently upheld the lower court's judgment in the Chapman case. The COA reaffirmed that a portion of the management fees paid by a Hong Kong SAR (Hong Kong) company...

Hong Kong Inland Revenue Department (IRD) enquiry letters are typically sent to owners of Hong Kong offshore limited companies following the submission of a Profits Tax Return to notify them that the IRD has chosen to formally investigate their tax affairs

A recent Court of Final Appeal decision puts to rest the question of whether a director who signs off on incorrect tax returns for a company taxpayer is personally liable in the stead of the company.

A milestone in Hong Kong tax laws, the Inland Revenue (Amendment) (No 6) Ordinance 2018 introduces a formal transfer pricing regime.

On October 5, 2015, the Organization for Economic Co operation and Development ("OECD") released its final report on the 15 key elements of international tax rules...

A building is considered "completed" on the date on which an occupation permit is issued.

Hong Kong is tipped to become the world's largest offshore corporate services centre by 2020...

With the end of the Year of Assessment 2021/22 (i.e. 31 March 2022) fast approaching, we have pleasure in providing you with this article to remind you about some important tax reporting obligations...