Category: Tax

Focus: Russian Federation — Cross-border transactions. Are you complying with transfer pricing control rules?

Intercompany transactions are subject to specific rules, regulations and controls in the Russian Federation. Such rules and regulations are applicable to foreign companies and their subsidiaries operating in the Russian Federation. In 2018, there were important changes in the applicable regulations. In fact, on 18 July 2018, the State Duma adopted in the third amendments…

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China business: cross-border withholding tax 101 — ‘My company in England provides services to a China-based company. Why is 10% deducted from the service fee?’

Today’s globalised economy enables companies to provide services across the world. Cross-border business to business (B2B) often takes place via email or other digital communications, such as Skype, WeChat or other messaging and talk platforms. What's more, monetary transactions are equally carried out primarily using online banking. All in all, B2B moves fast in the…

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China business: dispatching employees to China — are you in compliance with the latest regulations?

Recently, illegal entry into China, taking up residence and working has been included in the Awards for Reporting Illegal and Criminal Offences Implementing Measures (The Measures) in the southern city of Shenzhen. The Measures were issued by the Shenzhen Municipal Public Security Bureau on 16 May 2019. And while they only relate to the municipality…

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CCG launches website — Horizons moves forward with Belt and Road related activities

We're proud to announce that the China Collaborative Group (CCG) has launched its website (www.theccgway.com). CCG is a multicountry association of business, legal and tax advisors of which Horizons is a founding member. The team of advisors — spanning 17 countries and special administrative regions — serves to provide cross-border solutions that help businesses thrive…

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