The latest international tax standards require a taxpayer benefitting from a preferential tax treatment in a jurisdiction to have substantial economic presence in the jurisdiction, and to establish an explicit link between the relevant income and real activities in the jurisdiction. With a view to supporting international efforts in combating cross-border tax evasion and preventing… Continue reading Foreign Source Income Exemption (“FSIE”) regime – effective from 1 January 2023
Advisory and Corporate Services
Year: 2022
POSSIBLE LOCKDOWN IN HONG KONG
Please be advised that a mandatory lockdown may be imposed in Hong Kong in the near future due to the recent development of the pandemic in Hong Kong. You can be assured that CWCC remains fully committed to continue our services and our work under the current circumstances. We expect that most of our colleagues… Continue reading POSSIBLE LOCKDOWN IN HONG KONG
MAJOR MEASURES PROPOSED IN 2022-23 BUDGET
MAJOR MEASURES PROPOSED IN 2022-23 BUDGET In his Budget delivered on 23 February 2022, the Financial Secretary of HKSAR proposed the following major measures: 1. Electronic consumption vouchers Issue $10,000 electronic consumption vouchers in instalments to each eligible Hong Kong permanent resident and new arrival aged 18 or above. 2. Reducing profits tax, salaries… Continue reading MAJOR MEASURES PROPOSED IN 2022-23 BUDGET
Hong Kong’s SWOTs
Being the most open and international city in the Greater Bay Area, Hong Kong is known for its status as international financial, transportation, trade centres and aviation hub as well as its renowned professional services. Enjoying the dual advantages of “one country, two systems”, Hong Kong plays an important role in the Greater Bay Area… Continue reading Hong Kong’s SWOTs
What CWCC can do for you under the travel restrictions
Under the unprecedented Corona Pandemic, the travel restrictions have made movement of people from one county to the other so difficult. This is affecting the foreign investors in setting-up and performing business operations. It would be very convenient if they can set up their operations without their presence in the places that they target to… Continue reading What CWCC can do for you under the travel restrictions