Equity joint ventures (EJV) can be utilised by foreign companies to accelerate the growth of their product or services in China with the assistance of a local partner. In an EJV, the partnership should be an exchange between two parties. For instance, a foreign company bring the history and technology of its products to a…
Read more
On 13 March Horizons Italy and International Supply Chain Academy (ISCA) held a seminar on Corporate Social Responsibility and Sustainability in the construction sector for a delegation of government and construction industry representatives from Belarus. The seminar was delivered by Lucia Myriam Netti, Horizons regional partner for Europe, Russia and Belarus. Heading up the Belarusian…
Read more
In China, carrying out foreign exchange transactions outside of designated foreign exchange banks, the China Foreign Exchange Transaction Centre or its local branches is illegal. Foreign exchange in China is strictly regulated and any violation of regulations can be dan be deemed as a “disruption to the market” and result in criminal penalties. Foreign individuals…
Read moreThe revised Individual Income Tax Law of the People’s Republic of China stands to significantly affect workers’ monthly net salaries going forth in 2019. From 1 January, individuals monthly net salaries should have risen from their December salary, as the individual withholding tax calculation has been altered from a monthly taxable basis to annual accumulated…
Read more
Monthly contribution changes to the Shanghai Housing Provident Fund will come into effect from 1 April 2019. On 14 February 2019, the Shanghai Municipal Housing Management Committee of Housing Provident Fund published online The Notice on the Amendment to Shanghai Housing Provident Fund on Payment Basis, Payment and Deposit Proportion and Maximum and Minimum Monthly…
Read more