In 2011, the “PRC Law on the Application of Laws to Foreign-Related Civil Relations” (“Law”) was promulgated to provide for what the applicable laws should be when foreign-related civil relations are involved. The definition of “foreign-related civil relations”, however, was not specifically set out in the Law and was, more or less, scattered across various…
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This post is part of Horizons ongoing sharing of important information related to the implementation of China VAT reforms. China business enterprises within 17% and 11% value-added tax rates subject to a 1% reduction On the 4 April 2018, the Ministry of Finance and State Administration of Taxation jointly announced (Cai Shui [2018] No. 32) that…
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The Companies (Amendment) Ordinance 2018, which came into operation on 1 March 2018 imposed on companies incorporated in Hong Kong (excluding listed companies in Hong Kong) an obligation to maintain a Significant Controllers Register (SCR). Coupled with the Common Reporting Standard, which took effect on 1 July 2017 in Hong Kong, the new provision reflects…
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