Hong Kong SAR
Pillar two anticipation may have led to stable international corporation tax rates according to the OECD; in other news, A&M has continued its lateral hiring spree
Mexico is advised to eliminate its zero-rating for VAT, Hong Kong cuts stamp duty, road tax rates fall across the OECD and G20, and more
More than 1,000 PwC staff in China and Hong Kong engaged in improper answer sharing, it is understood
The Chinese government cuts stamp duty to boost investor confidence as the country faces a real estate crisis and an economic slowdown.
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Sponsored by KPMG Hong KongIn recent years, the Hong Kong government has introduced various incentives to bolster Hong Kong as an international finance centre by extending the offshore funds exemption and special purpose vehicle (SPV) exemption. -
Sponsored by KPMG ChinaThe long awaited Announcement 9 has been released by the State Administration of Taxation of China (SAT). Effective from April 1 2018, Announcement 9 replaces Circular 601 and Announcement 30, both of which are key circulars setting out the rules for foreign investors claiming tax treaty benefits on their Chinese-sourced dividends, interest and royalties (passive income).
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Sponsored by KPMG ChinaOn February 28 2018, Hong Kong Financial Secretary Paul M P Chan delivered his speech to the Legislative Council which confirmed a record surplus of HK$138 billion ($17.6 billion). Forty percent of the surplus would be spent on relief measures while the remaining would be spent on improving public services and the future.
