Other Briefings
Hong Kong Removed from EU Watchlist on Non-Cooperative Tax Jurisdictions
On March 12, 2019, the European Commission removed Hong Kong from the European Union’s watchlist on non-cooperative tax jurisdictions.
VAT Rates in China Lowered – 2019 Work Report Announcement
China will lower its value-added tax rates as part of an RMB 2 trillion (US$298 billion) tax cut package. See the new VAT rates here.
China’s New IIT Rules: A Guide for Employers – New Issue of China Briefing Magazine
We explain changes to individual taxation in China, including the revision of tax brackets, expanding deductibles, and altered residency rules for foreign workers.
Audit and Tax Compliance in China: A Step-by-Step Guide for Foreign Companies
To achieve full compliance, foreign invested enterprises in China need to follow the specified annual audit procedures established by the government.
The First Sale Rule: A Way to Reduce Exposure to US-China Tariffs?
We examine the First Sale rule under US Customs law and how firms can use it to navigate the raised tariffs due to the US-China trade war.
China’s Pilot Bonded Zone VAT Program
China recently expanded the scope of its pilot VAT program for comprehensive bonded zones, adding an additional 24 locations.
New Compliances for Companies Registered in Tax-Friendly Regions
The British Virgin Islands recently passed legislation strengthening transfer pricing rules, amid international criticism for its status as a tax haven.
Jiangsu Tax Cuts, Other Incentives for Private Sector Businesses
Jiangsu province in East China has rolled out a series of tax cuts and new measures to bolster its private sector economy, especially SMEs.
