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The Food and Environmental Hygiene Department (FEHD) is operating the Food Licence Holders Subsidy Scheme under the Anti-epidemic Fund. The Scheme is now open to applications from eligible food licence… read more →
The Mainland and Hong Kong have entered into an arrangement for automatic exchange of country-by-country (CbC) reports. The exchange arrangement applies to accounting periods beginning on or after 1 January… read more →
In addition to the implementation of the preferential tax measures proposed by the State Administration of Taxation, the Beijing Municipal Government issued various measures to support enterprises under the coronavirus crisis… read more →
On 7 February 2020, the Shanghai Municipal Government issued various measures to support enterprises under the coronavirus crisis. The summary is listed as below: Proposed a number of measures to support… read more →
In his Budget delivered on 26 February 2020, the Financial Secretary of HKSAR proposed the following major measures: Cash payout Proposed a $10,000 cash payout to Hong Kong permanent residents… read more →
The Hong Kong Government has set up a HK$30 billion virus relief fund, a summary is listed as below: The Hong Kong Government will continue to acquire surgical masks globally.… read more →
On 7 February 2020, the Shenzhen Municipal Government issued various measures to support enterprises under the coronavirus crisis. The summary is listed as below: Proposed a number of measures to strengthen… read more →
The State Administration of Taxation has issued a number of tax incentives which are summarized as below: 1. Support for virus prevention individuals: Particular income of Individuals participating in preventing… read more →
The Hong Kong Government announced on 4 December 2019 a further relief measure on tax payment. For instalment plans approved by the Inland Revenue Department allowing taxpayers in financial difficulties… read more →
The Inland Revenue Department issued new Departmental Interpretation and Practice Notes The Inland Revenue Department (“IRD”) issued the following Departmental Interpretation and Practice Notes (“DIPN”): DIPN 58 – Transfer Pricing… read more →