Chinese New Year is a significant travel period for many Chinese citizens to return home and celebrate the new year. Usually, the period marks the largest migration in the world with many returning for an extended holiday. However, amidst the on-going pandemic and domestic COVID-19 breakouts, the Chinese government encourage only necessary travel during the…
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In May 2016, value-added tax (‘VAT’) was reformed and expanded to several key sectors. Including real estate and construction financial services and insurance and lifestyle services. The reforms serve to unify all sectors within a disruptive VAT system, providing incentives to distribute the tax burden down the VAT chain. In practice, VAT unification stands to…
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28 January 2021 – Horizons Corporate Advisory and Zhejiang International Investment Service Center ("ZIIS") have entered into a Cooperation Agreement to assist Zhejiang province-based Chinese corporations in their pursuit of outbound investment. ZIIS is a foreign-related service institution authorised by the People’s Government of Zhejiang Province to provide services to foreign investors and Chinese corporations.…
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The Export Control Law of the People’s Republic of China (“ECL”) took effect from 1 December 2020. Previously, export controls were scattered across several laws and regulations and lacked a unified regulatory system. The ECL establishes the regulatory framework for export control and defines the controlled items subject to export control. For foreign companies, specifically…
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The last 12 months have seen an unprecedented number of events around the world. Primary, the ongoing pandemic disrupted contemporary life and caused major economic consequences for businesses across the globe. With governments around the world, implementing measures to stabilise the economy and minimise redundancy, Horizons leveraged a global network of experts to assist clients.…
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