投稿者: 管理者

Our firm was invited by the Hong Kong Institute of Certified Public Accountants to attend the QP Top Student Award and Scholarship Presentation Ceremony held on 23 September 2023. Ms. Vangie Wong (5th from left in the above photo), manager from assurance service, represented our firm to attend the event.   本所應香港會計師公會邀請，出席於2023年9月23日舉行的QP優異學生獎及獎學金頒獎典禮。 審計服務部經理黃韻芝小姐（圖中左五）代表本所出席了這場活動。   香港公認会計士協会より招待を受け、2023年9月23日に開催されたQP Top Student Award and Scholarship Presentation Ceremonyに出席させて頂きました。 監査部門マネージャーであるヴァンジー・ウォン（上記写真の左から5番目）が弊所の代表として出席致しました。

“2”- Attracting investments for two key areas, manufacturing and headquarter enterprise. Focusing on the development of 20 strategic industrial cluster and higher-level headquarter economy. “1” – One set of combined supportive policies, including financial incentive, taxation, technological innovation, finance, land use, energy use, employment, environmental protection, etc. Regarding financial incentive policy, Guangdong has issued two representative policies, “Ten Policies for Foreign Investment” and “Ten Policies for Manufacturing”: – Incentive will be offered to the new projects established in Guangdong with an annual actual foreign investment amount exceeding USD50 million (except for projects in the real estate industry, financial industry and quasi-financial industry) and projects with capital increment amount exceeding USD30… Continue reading “2+1” Policy – Global Investment Promotion Policy

We are pleased to announce the return of our former colleague Mr. Sasaki – who had been the leader of our Japan Department – after 10 years’ time. Now he will be rejoining the CWCC family as the Director of our Business Solutions division in supporting CWCC.   As the Head of Investment Promotion (Japan) of Invest Hong Kong, Mr. Sasaki has been promoting Hong Kong and mainland China to the Japan community for over a decade. Throughout the time he worked for Invest Hong Kong, he has been working closely with Japanese counterparts such as banks and government bodies. Other than his hometown, he also has working experience overseas,… Continue reading Announcement of the return of Mr. Yukio Sasaki to CWCC

MAJOR MEASURES PROPOSED IN 2023-2024 BUDGET In his Budget delivered on 22 February 2023, the Financial Secretary of HKSAR proposed the following major measures: Electronic consumption vouchers Issue $5,000 electronic consumption vouchers in instalments to each eligible Hong Kong permanent resident and new arrival aged 18 or above. $2,500 vouchers will be disbursed to eligible persons who have come to live in Hong Kong through different admission schemes or to study. Reducing profits tax, salaries tax and tax under personal assessment for the year of assessment 2022/23 One-off reduction of profits tax, salaries tax and tax under personal assessment for the year of assessment 2022/23 by 100%, subject to a ceiling of… Continue reading MAJOR MEASURES PROPOSED IN 2023-2024 BUDGET

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 double non-taxation, Hong Kong committed to amending its FSIE regime for passive income in accordance with the Guidance on FSIE regimes promulgated by the European Union. The Inland Revenue (Amendment) (Taxation on Specified Foreign-sourced Income) provides a new framework for Hong Kong’s FSIE regime with a view to bringing the regime into force from 1… Continue reading Foreign Source Income Exemption (“FSIE”) regime – effective from 1 January 2023

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 could deliver services from home during the lockdown. However, we must admit that certain delays would be inevitable and certain functions might not be available or possible during the lockdown. We are working our best to make all possible arrangements to at least provide minimal services in the worst case scenario. As we do not… Continue reading POSSIBLE LOCKDOWN IN HONG KONG

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 tax and tax under personal assessment for the year of assessment 2021/22 One-off reduction of profits tax, salaries tax and tax under personal assessment for the year of assessment 2021/22 by 100%, subject to a ceiling of $10,000 per case. The proposed tax reduction is not applicable to property tax. Individuals with rental income, if eligible for personal assessment,… Continue reading MAJOR MEASURES PROPOSED IN 2022-23 BUDGET

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 Development. On one hand, Hong Kong will facilitate and support the economic development of the region, with a view to enhancing the role and functions of the Greater Bay Area in the country’s two-way opening up; on the other hand, we will facilitate the development of industries in which Hong Kong’s strengths lie in the… Continue reading Hong Kong’s SWOTs

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 enter. It is not expected that these travel restrictions to be raised any time soon and losing business opportunities would be looming if there is no effective countermeasure is established. We are here to help those investors not to miss out the opportunities in Hong Kong as well as the People’s Republic of China where… Continue reading What CWCC can do for you under the travel restrictions

Dear valuable clients and friends, We would like to express our sincerest gratitude for the trust you have placed in us throughout the year. 2021 was challenging and dynamic, yet we hope you will be enjoying the coming holiday season with your loved ones. May the New Year be filled with joy and good health.