Category Archive for ‘快讯’

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 →

On 15 August 2019, the Financial Secretary of HKSAR announced the following measures: I. For enterprises 1. Waive 27 groups of government fees and charges for 12 months. 2. Reduce… read more →

To support the development of the technology enterprises such as Huawei, ZTE, etc., in May 2019, the Government announced the preferential CIT policies for the IC and software industry that:-… read more →

Important changes ! New rule on 183 days of tax residence in China On March 14, 2019, the Ministry of Finance and the State Administration of Taxation jointly issued the… read more →

[Regulatory Update] [BVI] ECONOMIC SUBSTANCE REQUIREMENTS The British Virgin Islands (“BVI”) has enacted new legislation requiring certain BVI entities carrying on relevant activities to demonstrate “adequate economic substance” in the… read more →

The Inland Revenue Department (“IRD”) recognizes that the Hong Kong entity and the service provider engaged by the entity (if any) may need more time to get familiar with the… read more →

Implementation of Country-By-Country (“CbC”) Reporting in Hong Kong As mentioned in our flash news published in November 2018 regarding TP documentation requirements in Hong Kong, the implementation framework for CbC… read more →