Category: Tax

Horizons teams ups with Italy’s AICEC to share and develop effective strategies for the Chinese market

Horizons Corporate Advisory has recently participated in Missione in Cina: Commercialisti e imprese verso i mercati esteri (Delegation in China: Chartered Accountants and Companies Facing Foreign Markets), a multicity event presented by Italy’s AICEC – the Italian Professional Association of Chartered Accountants. The roadshow event included agendas delivered in Italy a few months back and…

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China Foreign Investment Law: important changes to take effect in January

From the 1 January 2020, Foreign Investment Law of the People's Republic of China (“FIL”) becomes effective. The FIL adopted at the Second Session of the Thirteenth National People's Congress marks a significant era for foreign investment in China and many foreign entities will be affected by the FIL. In this two-part series, we analysis…

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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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