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Tax spotlight: Italy — The risks of ‘Fictitious Residence’ for overseas Italian enterprises and individuals

Last month Horizons set out on an important roadshow in China. Working in cooperation with the China-Italy Chamber of Commerce, the objective of the roadshow was to address the issue of relocation abroad of the residence of an Italian legal entity and natural person – otherwise called the “fictitious residence” – and the fiscal and…

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Insight into Horizons’ logo and the philosophy it embodies

While Horizons’ yellow-gold square logo may appear pedestrian, it is anything but. It mixes three elements that provide a perfect understanding of the firm’s philosophy and work methodology. Those elements are as follows: 1—Horizons is a progressive firm with a vision for the present-day market. 2—Horizons is imbued with European and East Asian cultural elements.…

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The Negative List: Nation-wide administration changes for Foreign Entities in China

In April 2015, China’s central government piloted record-filing administrative measures for Foreign-Invested Enterprises (FIEs) within the four Pilot Free-Trade Zones (FTZ). The measure was implemented to simplify the procedures for establishment, amendment, equity transfer and other relevant matters related to filing activities of FIEs in industries other than those listed in the special entry administration…

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AEOI News: Hong Kong tax residencies subject to Automatic Financial Information Exchange with 11 jurisdictions

This post is part of Horizons ongoing sharing of important information related to the implementation of a new global Standard for Automatic Exchange of Financial Account Information in Tax Matters, more commonly referred to as Automatic Exchange of Information or AEOI. Hong Kong’s implementation of AEOI is well underway. Further to the passing of Common Reporting Standards (CRS) set by…

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Automatic Exchange of Financial Account Information (AEOI): Hong Kong — An overview

This post is part of Horizons' ongoing sharing of important information related to the implementation of a new global Standard for Automatic Exchange of Financial Account Information in Tax Matters, more commonly referred to as Automatic Exchange of Information or AEOI. On 20 June 2016, Hong Kong promulgated the Inland Revenue (Amendment) No.3 Ordinance on Automatic Exchange of Financial Account…

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