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The implementation period of the VAT reduction and exemption policy for small-scale taxpayers is extended to December 31, 2020 In order to further support the general resumption of business for… read more →
Employment Support Scheme The HKSAR Government has launched the “Employment Support Scheme” (ESS) under the second round of the “Anti-epidemic Fund” to provide time-limited financial support to employers to retain… read more →
On 8 April 2020, the Government of HKSAR (“the Government”) announced a $137.5 billion package of relief measures to help individuals and businesses tide over financial difficulties during the COVID-19… read more →
On 4 April 2020, the Inland Revenue Department (the “IRD”) announced that in view of the latest situation of COVID-19, deadlines for tax payments and lodgement of objections and holdover… read more →
On 30 March 2020, the IRD announced that it will issue property tax returns and employer’s returns for the year of assessment 2019-20 on 1 April 2020. Profits tax returns… read more →
On 25 February 2020, Chinese Premier Li Keqiang chaired the executive meeting of the State Council, the following was determined in the meeting: From 1 March 2020 to the end… read more →
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 →