SPEAKER : SIMON CHEUNG Committee Member of Small and Medium Practitioners Committee, Hong Kong Institute of Certified Public Accountants
|
|
- Edith Gilmore
- 8 years ago
- Views:
Transcription
1 SPEAKER : SIMON CHEUNG Committee Member of Small and Medium Practitioners Committee, Hong Kong Institute of Certified Public Accountants STRUCTURE OFFSHORE FOR CHINA OPPORTUNITIES HONG KONG FORUM 2007
2 HONG KONG COMPANY Hong Kong together with London, New York and Tokyo is acknowledged to be one of the highest respected financial centres in the world. It has been recognized as one of the world s leading trading platform which including major exhibition and events, excelle at port facilities, infrastructure, banking system, human capital base and not least, its relatively simple and friendly tax system. Please see for global tax burden. Hong Kong is not normally regarded as an offshore country as it is famous for being a major financial centre, however, it is one of the few countries in the world that tax on a territorial basis P.1
3 HONG KONG COMPANY P.2 The incorporation can be done with complete privacy through nominee shareholders. There is no legal requirement that ultimate beneficiary owners be disclosed. Hong Kong income tax is taken from income that has its source in Hong Kong rather than a tax based on residence. Hong Kong dose not therefore impose tax on non Hong Kong source income even when remitted to Hong Kong. Consequently if a Hong Kong company s trading or business activities are based outside Hong Kong, no tax will be levied.
4 USE OF OFFSHORE COMPANIES (Hong Kong Company) P.3 International Trading Company ~Purchase of goods in the place of origin and selling them to distributors in end market where the actual trading operation may take place from Hong Kong. Servicing and Commissioning Company ~ Many individual engaged in providing service in agencing, construction, engineering, consulting, computer, finance and entertainment can achieve considerable tax saving via an offshore-based Hong Kong company. Investment Holding Company ~ Both individuals and large companies regularly use offshore companies as vehicles to hold investment portfolio. Property Holding Company ~ Using a company to hold property and property rights to avoid capital gain tax. Finance Company ~ The interest paid can be a deductible charge for tax purposes, thus interest income in an offshore finance company provide a tax saving.
5 INTERNATIONAL TAX PLANNING FOR FOREIGN CORPORATION PLAN 1 INCORPORATION OF HOLDING COMPANY IN H.K. FOR CHINA INVESTMENT P.4 1. A H.K. company is established for investment in WFOE or EJV. 2. The WFOE or EJV is entitled to various tax benefits including tax holiday, reinvestment tax refund. 3. Raise the return to shareholder through no dividend tax. 4. Increase the cost efficiency and tax efficiency in disposal of investment. 5. Individual tax planning include separate employment contract and non resident income rule.
6 INTERNATIONAL TAX PLANNING FOR FOREIGN CORPORATION P. 5 PLAN 2 INCORPORATION OF H.K. INTERMEDAIRY TRADING COMPANY 1. A HK company is established which is not direct contact with overseas customers and supplier, and which only books profits under instruction from overseas principals or associates. 2. The HK company is entitled to offshore tax exemption and is allowed to perform the following in HK (a) issuing or accepting invoice (not order) to or from overseas, (b) opening bank account, (c) making and receiving payment, (d) keeping accounting records & (e) arranging letter of credit 3. Where HK company effects all (say negotiations, conclusions and executions) its sale and purchase contacts outside HK, the tax liability could, potentially, be reduced from full 17.5% to 0% 4. The HK company would also purchasing from anywhere and selling to anywhere while financial settling in Hong Kong.
7 INTERNATIONAL TAX PLANNING FOR FOREIGN CORPORATION P.6 PLAN 3 INCORPORATION OF HK INTERMEDIARIES TRADING COMPANY WITH A PRC REPRESENTATIVE OFFICE 1. A PRC representative office is be established in PRC by a HK company. Representative office allow to not engage in direct business (profit making by issuing invoice and receiving income). It allows to conduct business liaison, product introduction, market research, some technology exchange and administration work on behalf of a HK foreign company. 2. The PRC representative office would wholly effective contact with suppliers and customers on behalf of HK Trading company.
8 INTERNATONAL TAX PLANNING FOR FOREIGN CORPORATION P.7 PLAN 3 INCORPORATION OF HK INTERMEDIARIES TRADING COMPANY WITH A PRC REPRESENTATIVE OFFICE 3. HK Trading company accepting and issuing the invoice instructed by the representative office or principal 4. The original VAT and corporate income tax in PRC would be eliminated because no invoice issued or no income received by the representative office. The corporate income tax will be further reduce because the shifting of income to HK Trading company. 5. No profits tax liability will arise if HK company activities are only limited to issuing or accepting invoices or making and receiving payments.
9 TAX ARRANGEMENT UNDER ONE COUNTRY TWO SYSTEMS P.8 In Hong Kong, there are no capital investment tax, turnover tax and dividend income tax. Profits Tax rate and Salaries Tax rate are relatively low. Hong Kong has long been recognized as one of the world s leading trading, financing and investing centres. Hong Kong s tax system is generally based on the territorial concept of taxation, say, if Hong Kong company s profits arising away from Hong Kong, the income is not subject to Hong Kong tax. it is possible for foreigners to structure their cross-border operations in such a way that their Hong Kong tax liabilities could be reduced. ~ Park the Profits in HK for tax free ~
10 THANK YOU! CK CHEUNG (CPA) CO., LIMITED SHOP UNIT 9, EXPO GALLERIA, HONG KONG CONVENTION AND EXHIBITION CENTRE, 1 EXPO DRIVE, WANCHAI, HONG KONG, CHINA (852) ROOM 2202, SUMMIT CENTRE, NO YAN AU ROAD (W), SHANGHAI, P.R.C. (8621) ROOM 2103, SUPERSTRATUM BUILDING, NO. 365 TIAN HE ROAD, GUANGZHOU, P.R.C. (8620)
Benefits of using HK company for entering into China consumer market
Intertrust Alex Cho November 2006 1 Benefits of using HK company for entering into China consumer market Alex Cho 28 November 2006 Intertrust Alex Cho November 2006 2 China Consumer Market restrictions
More informationUtilising British Virgin Islands and Cayman Islands entities for Private Equity Investment into China
Utilising British Virgin Islands and Cayman Islands entities for Private Equity Investment into China Hong Kong/Investment Funds/525578 As offshore legal counsel based in Hong Kong, we commonly deal with
More informationHong Kong Ideal Jurisdiction To Start Your Business In Asia and Worldwide. YU Kwai Man (Ida) ACIS ACS Chan Po Fai (Buffet) CPA
Hong Kong Ideal Jurisdiction To Start Your Business In Asia and Worldwide YU Kwai Man (Ida) ACIS ACS Chan Po Fai (Buffet) CPA Today Presenter - MCG BBA ACIS ACS YU KWAI MAN, Ida - Member of The Institute
More informationForeign Investment in China and China Tax Regulation Updates
Foreign Investment in China and China Tax Regulation Updates Agenda 1. Comparison of Main Investment Vehicles 2. Foreign Investment in Main Industries 3. Incorporation Procedures 4. New Tax Rules 5. Profit
More informationHONG KONG Corporate information:
HONG KONG Corporate information: Hong Kong is the richest city in China, its economy is one of the most liberal in the world. It is a financial and commercial hub of global significance. Hong Kong is a
More informationDoing business in Hong Kong
I. INTRODUCTION Doing business in Hong Kong Tim Drew Partner timdrew@robertwang.com Karen Yan Associate karenyan@robertwang.com Robert Wang Solicitors 1 On 1 July 1997, sovereignty over Hong Kong transferred
More informationHong Kong s Role Your China Market Entry & Strategies
Intertrust Katherine Chiu October 2007 1 Hong Kong s Role Your China Market Entry & Strategies Katherine Chiu Intertrust Katherine Chiu October 2007 2 Welcome to China!!! Intertrust Katherine Chiu October
More informationUNITED KINGDOM LIMITED LIABILITY PARTNERSHIPS
UNITED KINGDOM LIMITED LIABILITY PARTNERSHIPS Background A United Kingdom Limited Liability Partnership (LLP) has become a very popular vehicle for international commercial activity. This is because the
More informationPaper F6 (HKG) Taxation (Hong Kong) Monday 7 June 2010. Fundamentals Level Skills Module. The Association of Chartered Certified Accountants
Fundamentals Level Skills Module Taxation (Hong Kong) Monday 7 June 2010 Time allowed Reading and planning: Writing: 15 minutes 3 hours ALL FIVE questions are compulsory and MUST be attempted. Tax rates
More informationStarting a Business in Israel
Starting a Business in Israel Inspiration Invention Innovation Content: Page 1. Business Entities....... 2 a. Company...... 2 b. Foreign Company (e.g. a branch)...... 2 c. Partnership...... 3 d. Self Employed......
More informationEstablishment of a Wholly Foreign-owned Enterprise
Establishment of a Wholly Foreign-owned Enterprise Wholly foreign-owned enterprises (WFOEs) are entities established under the Law of the People s Republic of China on WFOEs (the WFOE Law ). By definition,
More informationTAXATION AND FOREIGN EXCHANGE
This appendix contains a summary of laws and regulations in respect of taxation and foreign exchange in Hong Kong and the PRC. I. TAXATION IN THE PRC 1. Taxes Applicable to Joint-Stock Limited Companies
More informationSUMMARY OF CONTENTS. Economic Cooperation
SUMMARY OF CONTENTS Economic Cooperation The Chinese central government and the government of the Hong Kong SAR have signed a Supplement IV to the Mainland and Hong Kong Closer Economic Partnership Arrangement
More informationHong Kong Companies. Their benefits for international investments, asset protection and market entry to China
Hong Kong Companies Their benefits for international investments, asset protection and market entry to China Presentation at the TaxPro 2013 Conference February 12, 2013 Kiev, Ukraine By Henning Schwarzkopf,
More informationCHINA RAILWAY GROUP LIMITED (A joint stock limited company incorporated in the People s Republic of China with limited liability) (Stock Code: 390)
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationDISCLOSEABLE TRANSACTION. in relation to the acquisition of the entire issued share capital and shareholders loans of HPL-Hines Development Pte Ltd
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationAn overview of using Hong Kong as a platform for trade and investment with China. Daniel Booth Director Vistra (Hong Kong)
An overview of using Hong Kong as a platform for trade and investment with China Daniel Booth Director Vistra (Hong Kong) Breda May, 2012 The role of Hong Kong A recognized and respected jurisdiction for
More informationStructuring of foreign direct investments and operations
Structuring investments and operations: By Neal Stender, Qingsong (Kevin) Wang and Yan Zeng, Orrick, Herrington & Sutcliffe, Hong Kong, Beijing & Shanghai Structuring of foreign direct investments and
More informationMAIN CHARACTERISTICS OF PILOT PROGRAMME SECURITIES
PILOT PROGRAMME FOR TRADING US SECURITIES Informational Documentation For Clients of Exchange Participants The material contained herein is for general information and investors should only consider participating
More informationINDUSTRY OVERVIEW OUTSOURCING OF SOFTWARE DEVELOPMENT AND SERVICES
The information presented in this section and elsewhere in this prospectus relating to the software market of selective countries is derived from various publications and news reports. Such information
More informationTHE TAXATION INSTITUTE OF HONG KONG CTA QUALIFYING EXAMINATION PILOT PAPER PAPER 5 ADVANCED TAXATION PRACTICE
THE TAXATION INSTITUTE OF HONG KONG CTA QUALIFYING EXAMINATION PILOT PAPER PAPER 5 ADVANCED TAXATION PRACTICE Advance Tax- pilot_1007_q&a_jy R28/3/2013 1 QUESTIONS Section A Case Answer Question 1 in this
More informationVALUE ADDED TAX in GREATER CHINA Risks and Opportunities
VALUE ADDED TAX in GREATER CHINA Risks and Opportunities Mr. Michael Lorenz German Attorney at Law, Registered Foreign Lawyer in Hong Kong and Vietnam Lorenz & Partners Page 1 About Lorenz & Partners We
More informationJordans Trust Company Limited Experts in creating and managing UK and Offshore companies and trusts
Jordans Trust Company Limited Experts in creating and managing UK and Offshore companies and trusts 1 Contents 3 Introduction 4 Jordans Trust Company in the UK 4 Benefits of forming a company in the UK
More informationThe Advantages of the UK as a Location for a Holding Company. David Gibbs May 2015
The Advantages of the UK as a Location for a Holding Company David Gibbs May 2015 The UK is an attractive location to site an international holding company since not only does it offer a relatively stable
More informationChina Cloud-based Services Structure Options
Zhong Lun Law Firm Beijing Shanghai Shenzhen Guangzhou Wuhan Chengdu Tokyo Hong Kong London New York Robert Lewis 11 June 2013 China Cloud-based Services Structure Options Cloud-based services in China
More informationMacau SAR Tax Profile
Macau SAR Tax Profile Produced in conjunction with the KPMG Asia Pacific Tax Centre Updated: June 2015 Contents 1 Corporate Income Tax 1 2 Income Tax Treaties for the Avoidance of Double Taxation 5 3 Indirect
More informationIndirect Tax Reforms in China
Indirect Tax Reforms in China VAT reform implications for consulting and advisory businesses in Shanghai December 2011 Lachlan Wolfers & Grace Xie Partners, KPMG China (based in Shanghai) Merger of BT
More information7th Annual Biomedical Forum. From Idea to IPO. Legal Considerations for Start-ups in China
7th Annual Biomedical Forum From Idea to IPO Legal Considerations for Start-ups in China Z. Y. James Fang, Partner/Attorney Email: jimfang@dwt.com www.dwt.com I. Fundamental Understandings of China s Legal
More informationLAUNCH TECH COMPANY LIMITED* (a joint stock limited company incorporated in the People s Republic of China with limited liability) (Stock code: 2488)
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationSUMMARY. Capitalised terms are defined in the section headed Definitions.
This summary aims to give you an overview of the information contained in this prospectus. As this is a summary, it does not contain all the information that may be important to you. You should read the
More informationHong Kong s Proposed Exemption For Private Equity Funds: A Step in The Right Direction
Volume 74, Number 5 May 5, 2014 Hong Kong s Proposed Exemption For Private Equity s: A Step in The Right Direction by Patrick Yip, Agnes Cheung, Finsen Chan, and Roy Phan Reprinted from Tax Notes Int l,
More informationThe WFOE and its most important positions
Newsletter No. 211 (EN) The WFOE and its most important positions April 2016 All r igh t s r eserved Lorenz & P ar t n ers 20 16 Although Lorenz & Partners always pays great attention on updating information
More informationThinking Beyond Borders
INTERNATIONAL EXECUTIVE SERVICES Thinking Beyond Borders Hong Kong kpmg.com Hong Kong Introduction There is no general income tax in Hong Kong. For income to be subject to tax, it must fall under one of
More informationDISCLOSEABLE TRANSACTION PROPOSED DISPOSAL OF 25% ISSUED SHARE CAPITAL OF WISE VISUAL HOLDINGS LIMITED
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationNOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS. Actuarial Gains and Losses, Group Plans and Disclosures
08 TCL Multimedia Technology Holdings Limited INTERIM RESULTS NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 1. Basis of preparation The Directors are responsible for the preparation of the Group
More informationPrivate Company: SWEDEN
Private Company: SWEDEN Limited Liability Company [Aktiebolag /AB] Partnership [Handelsbolag / HB] Limited Partnership [Kommanditbolag / KB] Formation and Registration Bank Accounts Professional Administration
More informationHong Kong: The Gateway to China Hong Kong s Role in Growing Your Business in Asia
Welcome to Hong Kong Hong Kong: The Gateway to China Hong Kong s Role in Growing Your Business in Asia Gus Franklyn-Bute About InvestHK The Department for Foreign Direct Investment Support overseas, Mainland
More informationNews Flash Hong Kong Tax. November 2015 Issue 10. In brief. In detail. www.pwchk.com
News Flash Hong Kong Tax Understanding the IRD s views on emerging corporate tax issues, in particular the practice on processing Hong Kong tax resident certificate applications November 2015 Issue 10
More informationPoll Results of the 2015 Annual General Meeting, Payment of Dividend and Appointment and Resignation of Directors
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationWestern Management 12 Offices Since 1979 Over 120 Professionals. Klako Group
Western Management 12 Offices Since 1979 Over 120 Professionals Setting up a business in China Klako Group International Accountants and Management Consultants China, Hong Kong and Singapore Beijing Chengdu
More informationHong Kong an Ideal Jurisdiction for Wealth Planning. planning and management, investment, trade and tax planning. It is
Hong Kong an Ideal Jurisdiction for Wealth Planning By Austin X.D. Zhang* Hong Kong, the Special Administrative Region of China located in southern tip of Mainland China is becoming a world centre for
More informationChina Success Finance Group Holdings Limited ( )
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationMAJOR TRANSACTION RELATING TO THE ACQUISITION OF THE ENTIRE ISSUED SHARE CAPITAL OF JOYUNITED INVESTMENTS LIMITED
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationB. string. Hong Kong Company Incorporation 博 弦 咨 询 B.STRING 博 弦 咨 询
B. string Hong Kong Company Incorporation Hong Kong Company Incorporation CONTENTS 1. Why choose Hong Kong Company 2. The incorporation requirements and procedures 3. Annual maintenance 4. Our service
More informationFORMATION OF JOINT VENTURE
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationDISCLOSEABLE TRANSACTION GRANT OF LOAN TO FUZE ENTERTAINMENT
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationHong Kong China
Index In this time of financial crisis, China is seen as one of the least contaminated countries. It is perceived by many companies to be a springboard for growth and continues to offer development prospects
More informationKAIZEN 启 源 HONG KONG. Limited Liability Company GENERAL INFORMATION
KAIZEN 启 源 Limited Liability Company HONG KONG GENERAL INFORMATION Location Hong Kong is on the south east coast of China and consists of a large number of islands and a part of the mainland totalling
More informationSecurities Services Charges (Applicable to Company Account Customers)
Securities Services Charges (Applicable to Company Account Customers) CHARGES FOR TRADE-RELATED, SCRIP HANDLING & SETTLEMENT-RELATED, NOMINEE SERVICES & CORPORATE ACTIONS AND OTHER SERVICES (A) Local Securities
More informationTaxation of Trusts in Hong Kong. Michael Olesnicky HK Trustees Association Forum 8 December 2014
Taxation of Trusts in Hong Kong Michael Olesnicky HK Trustees Association Forum 8 December 2014 General Comments On Taxing Trusts In Hong Kong There are no express statutory exemptions for trust structures
More informationCOMPANIES INCOME TAX COMPUTATION AND TREATMENT IN FINANCIAL STATEMENTS
COMPANIES INCOME TAX COMPUTATION AND TREATMENT IN FINANCIAL STATEMENTS PRESENTED BY OLUFUNKE SODIPO TAX MANAGER: PEAK PROFESSIONAL SERVICES IN HOUSE SEMINAR SERIES NO 4 PEAK PROFESSIONAL SERVICES (CHARTERED
More informationDISCLOSEABLE TRANSACTION AND CONNECTED TRANSACTION
The Stock Exchange of Hong Kong Limited takes no responsibility for this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any
More informationROYAL MALAYSIAN CUSTOMS
ROYAL MALAYSIAN CUSTOMS MALAYSIA GOODS AND SERVICES TAX (GST) GUIDE AGENT (DRAFT) CONTENTS PAGE 1. INTRODUCTION 1 2. GENERAL PRINCIPLES OF AGENCY 1-2 3. TYPE OF AGENT AND THEIR LIABILITIES 2-6 4. FREQUENTLY
More informationELECTRICAL CONTRACTING LIMITED (AUDIT EXEMPT COMPANY*) DIRECTORS REPORT & FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2013. Registered No.
(AUDIT EXEMPT COMPANY*) DIRECTORS REPORT & FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2013 Registered No. xxxx * Electrical Contracting Limited is a small company as defined by the Companies (Amendment)
More informationNew VAT Regime: Circular 37 Impact on Foreign Logistics and Shipping Industry
New VAT Regime: Circular 37 Impact on Foreign Logistics and Shipping Industry 1. Background and Impact On 24 th May 2013, the Ministry of Finance and the State Administration of Taxation issued a new VAT
More informationSuccessfully Setting up a Business in Hong Kong
Successfully Setting up a Business in Hong Kong Teresa Tam, Business Development Manager, Primasia Corporate Services Limited François Rossignol, CEO, Lea Trade Finance Raphaël Chantelot, Partner, Lefèvre
More informationDISCLOSEABLE TRANSACTION PROPOSED INVESTMENT IN A FOREIGN-FUNDED JOINT STOCK COMPANY LIMITED IN SHANGHAI
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationIs it difficult to open a corporate bank account in Hong Kong? Clayton Chan K. M. Chan & Company, CPA 22 February 2016
Is it difficult to open a corporate bank account in Hong Kong? Clayton Chan K. M. Chan & Company, CPA 22 February 2016 1 Speaker Clayton K. M. Chan FCA, FCCA, FCPA, CFE, CPA (Practising) Clayton is a Certified
More informationChina Stocks And The Equity Transfer Agreements
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationSetting up your Business in the UK Issues to consider
The United Kingdom (UK) continues to be one of the world s leading locations for global investment, being rated again as the most attractive place in Europe for foreign investment. i Also, the World Bank
More informationp r o v i d i n g c o n f i d e n c e t h r o u g h p e r f o r m a n c e
Hong Kong Services p r o v i d i n g c o n f i d e n c e t h r o u g h p e r f o r m a n c e HOW TRIDENT TRUST CAN ASSIST YOU IN HONG KONG Trident Trust has had a multilingual presence in Hong Kong for
More informationMinistry Of Finance VAT Department. VAT Guidance for Financial Services Version 4: June 09, 2015
Ministry Of Finance VAT Department VAT Guidance for Financial Services Version 4: June 09, 2015 Introduction This guide is intended to provide businesses offering financial services with information about
More informationMALTA Jurisdictional Guide
MALTA Jurisdictional Guide GENERAL INFORMATION The Republic of Malta is situated in the centre of the Mediterranean, south of Sicily, east of Tunisia and north of Libya. Malta gained its independence from
More informationSecurities Services Charges (Applicable to Personal Customers)
Securities Services Charges (Applicable to Personal Customers) CHARGES FOR TRADE-RELATED, SCRIP HANDLING & SETTLEMENT-RELATED, NOMINEE SERVICES & CORPORATE ACTIONS AND OTHER SERVICES (A) Local Securities
More informationCINDERELLA MEDIA GROUP LIMITED 先 傳 媒 集 團 有 限 公 司
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationPaper F6 (HKG) Taxation (Hong Kong) Tuesday 2 June 2015. Fundamentals Level Skills Module. The Association of Chartered Certified Accountants
Fundamentals Level Skills Module Taxation (Hong Kong) Tuesday 2 June 2015 Time allowed Reading and planning: 15 minutes Writing: 3 hours This paper is divided into two sections: Section A ALL 15 questions
More information(Incorporated in Bermuda with limited liability) (Stock Code: 262)
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationDISCLOSEABLE TRANSACTION IN RELATION TO THE DISPOSAL OF THE ENTIRE EQUITY INTERESTS IN BEST AMPLE AND GOLDTIP
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationwww.boasecohencollins.com 2303-7 Dominion Centre, 43-59 Queen s Road East, Hong Kong Tel: (852) 3416-1711
www.boasecohencollins.com 2303-7 Dominion Centre, 43-59 Queen s Road East, Hong Kong Tel: (852) 3416-1711 1. Why Hong Kong? Hong Kong is one of Asia s most popular cities for doing business because of
More informationTAXATION AND FOREIGN EXCHANGE
TAXATION OF EQUITY HOLDERS The following is a summary of certain PRC and Hong Kong tax consequences of the ownership of H Shares by an investor that purchases such H Shares in the Global Offering and holds
More informationThinking outside the box: using a BVI/Cayman Islands incorporated company in Hong Kong
Thinking outside the box: using a BVI/Cayman Islands incorporated company in Hong Kong January 2012 Introduction Stamp duty on transfer of shares Corporate migration Repurchase of shares Financial assistance
More informationFundamentals Level Skills Module, Paper F6 (SGP)
Answers Fundamentals Level Skills Module, Paper F6 (SGP) Taxation (Singapore) Slimming Industries Pte Ltd (SIPL) June 20 Answers and Marking Scheme (a) Lorry acquired on hire purchase The instalments payable
More informationPrice List. Services for foreign companies on the Russian territory:
Search for producers Price List Services for foreign companies on the Russian territory: Search for 5 producers + negotiation, contact conclusion, order placement and further assistance on Russian market
More informationDa Cheng CSI China Mainland Consumer Tracker* (Stock Code: 3071) (the Sub-Fund ) (*This is a synthetic ETF)
THIS ANNOUNCEMENT AND NOTICE IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION AND DOES NOT CONSTITUTE AN INVITATION OR OFFER TO ACQUIRE, PURCHASE OR SUBSCRIBE FOR UNITS OF THE EXCHANGE TRADED FUND NAMED
More informationFirst Chapter - What is Shanghai-Hong Kong Stock Connect? Shanghai-Hong Kong Stock Connect is a securities trading and clearing links programme to
First Chapter - What is Shanghai-Hong Kong Stock Connect? Shanghai-Hong Kong Stock Connect is a securities trading and clearing links programme to be developed by Hong Kong Exchanges and Clearing Limited
More informationIIT and Social Insurance for Foreigners Employed in China.
IIT and Social Insurance for Foreigners Employed in China. www.lehmanbrown.com Individual Income Tax (IIT) General IIT Principles For individuals to pay tax in China (PRC Tax Resident), they need to be
More informationPOKFULAM DEVELOPMENT COMPANY LIMITED
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More information1. Changes in PRC withholding income tax provisioning policy in relation to CSI RMB Income Fund and CSI RMB Short Maturity Bond Fund
和 CSI Alpha Fund Series (the Trust ) - CSI China-Hong Kong Leaders Fund - CSI RMB Income Fund - CSI RMB Short Maturity Bond Fund (each a "Fund", collectively the Funds ) CITIC Securities International
More information31 October (paper filing) 31 January (Electronic Filing)
Worldwide personal tax guide 2013 2014 United Kingdom Local information Tax Authority Website Tax Year Tax Return due date Is joint filing possible HM Revenue and Customs (HMRC) www.hmrc.gov.uk 6 April
More informationYour partner. in Hong Kong
Your partner in Hong Kong About our firm Midland Consult (Hong Kong) Limited, was set up in 2009 and it s a subsidiary which forms a part of Midland Group of companies a highly skilled professional corporate
More informationCOUNTRY PROFILE HONG KONG
COUNTRY PROFILE HONG KONG 1. Economy and foreign investments 2. Tax Rates 3. Tax Treaties 4. Tax Credits 5. Property Tax 6. Excise Tax 7. Stamp Duty 8. Capital Duty 9. Estate Duty 10. Other duties, fees
More information55 Amendment of section 1 (interpretation) of the VAT Act 1972
54 Interpretation (Part 3) This section contains definitions of the legal citations used in Part 3. This is a conventional provision in Finance Acts. It allows abbreviated terms to be used in reference
More informationHong Kong Company Formation (Procedures)
Hong Kong Company Formation (Procedures) The Companies Registry is responsible for providing services to incorporate local companies with or without limited liability and register non-hong Kong companies;
More informationHISTORY, REORGANISATION AND CORPORATE STRUCTURE
BUSINESS AND CORPORATE DEVELOPMENT Overview The Company was incorporated in the Cayman Islands as an exempted company with limited liability under the Companies Law on 15 May 2015 in preparation for Listing
More informationH O N G K O N G. International Comparison of Insurance Taxation March 2007
H O N G K O N G International Comparison of Insurance International Comparison of Insurance Hong Kong General Insurance 1 Definition Definition of property and casualty insurance company A company authorised
More informationFOREIGNERS DOING BUSINESS IN THE UNITED STATES U.S. Taxation Overview
FOREIGNERS DOING BUSINESS IN THE UNITED STATES U.S. Taxation Overview The U.S. economic activities of foreign individuals and entities are classified as inbound transactions while the foreign economic
More informationShanghai-Hong Kong Stock Connect
Shanghai-Hong Kong Stock Connect Introduction Shanghai-Hong Kong Stock Connect is a programme jointly developed by Hong Kong Exchanges and Clearing Limited ( HKEx ), Shanghai Stock Exchange ( SSE ) and
More informationRENEWAL OF CONTINUING CONNECTED TRANSACTION FINANCIAL SERVICES AGREEMENT WITH CHINALCO FINANCE
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationTax Impacts to Structure Investments in Brazil Debt or Equity. Andrea Bazzo Lauletta November 2012
Tax Impacts to Structure Investments in Brazil Debt or Equity Andrea Bazzo Lauletta November 2012 Introduction Brazilian Scenario for Non-Resident Investments Brazil has a specific set of rules for non-resident
More informationCOMMENTARIES ON THE ARTICLES OF THE MODEL TAX CONVENTION
COMMENTARIES ON THE ARTICLES OF THE MODEL TAX CONVENTION COMMENTARY ON ARTICLE 1 CONCERNING THE PERSONS COVERED BY THE CONVENTION 1. Whereas the earliest conventions in general were applicable to citizens
More informationNEW CHINA LIFE INSURANCE COMPANY LTD. (A joint stock company incorporated in the People s Republic of China with limited liability) (Stock Code: 1336)
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationChina Universal Asset Management (Hong Kong) Company Limited 匯 添 富 資 產 管 理 ( 香 港 ) 有 限 公 司
PRODUCT KEY FACTS C-Shares CSI 300 Index ETF a sub-fund of the China Universal International ETF Series China Universal Asset Management (Hong Kong) Company Limited 匯 添 富 資 產 管 理 ( 香 港 ) 有 限 公 司 29 April
More informationTHIRD QUARTERLY RESULTS ANNOUNCEMENT (For the nine months ended 30 September 2015)
(Incorporated in the Cayman Islands with limited liability) (Stock Code: 8025) THIRD QUARTERLY RESULTS ANNOUNCEMENT (For the nine months ended 30 September 2015) CHARACTERISTICS OF THE GROWTH ENTERPRISE
More informationRMB Internationalization & Hong Kong. Graham Coker Trade Director, Transaction Services UK & Ireland
RMB Internationalization & Hong Kong Graham Coker Trade Director, Transaction Services UK & Ireland RMB Internationalisation China s Market Reform Agenda RMB is called CNY onshore and CNH offshore. Hong
More informationFINANCIAL SERVICES BOARD COLLECTIVE INVESTMENT SCHEMES
FINANCIAL SERVICES BOARD COLLECTIVE INVESTMENT SCHEMES INTRODUCTION This booklet will provide you with information on the importance of understanding ways in which Collective Investment Schemes ( CIS )
More informationROYAL MALAYSIAN CUSTOMS GOODS AND SERVICES TAX GUIDE
ROYAL MALAYSIAN CUSTOMS GOODS AND SERVICES TAX GUIDE ON AGENTS TABLE OF CONTENTS INTRODUCTION... 1 Overview of Goods and Services Tax (GST)... 1 GENERAL PRINCIPLES OF AGENCY... 1 TYPE OF AGENT AND THEIR
More information(1) PLACING OF EXISTING SHARES (2) SUBSCRIPTION FOR NEW SHARES UNDER THE EXISTING GENERAL MANDATE AND (3) RESUMPTION OF TRADING
The Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationStatement of Cash Flows
HKAS 7 Revised February November 2014 Hong Kong Accounting Standard 7 Statement of Cash Flows HKAS 7 COPYRIGHT Copyright 2014 Hong Kong Institute of Certified Public Accountants This Hong Kong Financial
More informationJINGRUI HOLDINGS LIMITED *
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationCITIC Dameng Holdings Limited
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More information