China capital markets open up: New opportunities bring fresh tax challenges China’s capital markets continue to expand and open up, offering a range of innovative new investment channels. Henry Wong explores the tax challenges arising under each of these channels. By Henry Wong December 03 2019
IIT reform: Paving the future of personal income tax compliance in China In 2019, the major individual income tax (IIT) reform initiated in 2018 was reinforced with a string of clarifications. Chinese tax residents and foreigners with exposure to Chinese IIT are... By Michelle Zhou December 03 2019
Offshore economic substance laws: Implications for Hong Kong SAR’s funds sector The implementation of economic substance laws in offshore jurisdictions will impact funds with management and advisory teams in Hong Kong SAR. By Darren Bowdern & Johnson Tee December 03 2019
Hong Kong SAR’s new TP rules: Convergence with global norms In 2018, Hong Kong SAR enacted TP legislation, a significant step in aligning its tax rules with international standards. Karmen Yeung, Irene Lee and Tanya Trantallis set out the key... By Irene Lee & Karmen Yeung & Tanya Trantallis December 03 2019
China Looking Ahead: A changing global environment This edition of China – Looking Ahead comes at a precarious and symbolically charged time, with the 12-year Chinese zodiac cycle about to end and a new one about to... By Lewis Lu December 03 2019
Future of VAT: Continued evolution and increasing significance The world will see VAT further increase in importance as a revenue raiser for countries and there will be ongoing change to its scope and mode of operation. By Lachlan Wolfers December 03 2019
R&D tax incentives: Continuous encouragement and enhanced supervision China has continued to improve access to tax incentives and provide new regulatory support for innovation. At the same time, renewed rigour is being applied to ensure that tax incentives... By Bin Yang & Nicole Cao December 03 2019
No pain no gain: Tax challenges in the China M&A market This past year has seen heightened inbound M&A activity in hot sectors such as life sciences and logistics, just as the Chinese tax authorities apply more sophisticated enforcement approaches to... By Michael Wong & Stella Zhang & Christopher Mak December 03 2019
Bonded zones and free trade agreements: Optimising the trade environment In 2019, China has pushed reforms to customs supervision and expanded the role of bonded zones, further intensified its use of TP documentation for customs purposes, and sought to refresh... By Eric Zhou & Rachel Tao December 03 2019
China: China introduces new free trade zones and improved practices Since 2013 China has established an increasing number of free trade zones (FTZs) around the country. By Khoonming Ho & Lewis Lu October 15 2019
