The China International Fair for Investment and Trade (CIFIT) was held in Xiamen. At a time when cross-border investment continues to be in the doldrums, China’s steadily growing two-way investment is becoming an important
Earlier, the media reported that from 1 January, multinational business entities with no substantive economic activity in Singapore will be taxed on the proceeds of the sale of offshore assets and the receipt of those
An important step after setting up your Hong Kong company is hiring employees. It is important to be aware of the legal formalities involved in the hiring process and to have a clear
China’s tax authorities have introduced an additional 5 percent value-added tax (VAT) deduction aimed at advanced manufacturing companies, based on their deductible input VAT for the current tax period. Analysts have projected that this fresh policy
Recently, addressing prominent issues in the business environment concerning foreign enterprises, China has issued the “Opinions on Further Optimizing the Environment for Foreign Investment and Increasing Efforts to Attract Foreign Investment.” Multiple government
Starting from September, Singaporean employers will need to offer higher monthly salaries to apply for Employment Passes (EP) for newly hired foreign white-collar employees. Additionally, the construction and manufacturing industries will see a reduction in
01 The 15-day visa-free entry policy for Singaporean citizens has been resumed. Singaporean citizens who already have a valid visa to China can continue to use their visas as before. Visa applications that have been submitted and
On 2 August 2023, China’s Ministry of Finance and State Administration of Taxation (SAT) jointly issueda number of announcements extending tax incentives for small businesses until the end of 2027. The extended tax
Tax planning refers to a series of tax planning activities aimed at saving taxes, deferring tax payments, and reducing tax risks by planning and arranging strategic models, business operations, investment behaviors, and other
In recent years, the number of high net worth people in China has shown a fluctuating growth trend. In order to diversify market risks and seek investment opportunities, HNWIs tend to invest their assets overseas,
