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Title Topic Date
China Tax & Investment Express Issue No. 2016028 Notice regarding optimizing the systems and procedures related to the "Certificate of Tax Administration for Business Operation Outside of the Place of Registration" (Shuizongfa [2016] No. 106) 20160716222 July 2016
China Tax & Investment Express Issue No. 2016027 Announcement regarding matters related to the issuance of Certificate of Chinese Fiscal Resident (SAT Announcement [2016] No. 40) 2016071616 July 2016
SAT issues highly significant new rules on related party transactions disclosure and contemporaneous transfer pricing documentation This transfer pricing alert summarizes the most significant changes to the related party transactions disclosure forms and contemporaneous documentation made by Bulletin 42. For readers’ reference, we also provide our observations with respect to these changes, and our recommendations to taxpayers to address them. 20160701July 2016
China Tax & Investment Express Issue No. 2016026 Notice regarding the revised "Guidelines on High-and-New Technology Enterprise Recognition and Management" (Guokefahuo [2016] No. 195) 201607088 July 2016
China Tax & Investment Express Issue No. 2016025 Announcement regarding the effectiveness and enforcement of the China-Germany Double Tax Agreement (SAT Announcement [2016] No. 37) 2016063030 June 2016
Hong Kong’s OECD BEPS Associate status requires implementation of BEPS minimum standards As a BEPS Associate, Hong Kong will comply with the BEPS minimum standards encompassing Action 5 (countering harmful tax practices), Action 6 (preventing treaty abuse), Action 13 (transfer pricing documentation) and Action 14 (enhancing dispute resolution). 2016062828 June 2016
China Tax & Investment Express Issue No. 2016001 SAT releases a trial protocol on joint tax inspection conducted by STB and LTB 2016062424 June 2016
China Tax & Investment Express Issue No. 2016024 Notice regarding the "Measures on Joint Tax Inspection Conducted by the State Tax Bureau and Local Tax Bureau (Trial)" (Shuizongfa [2016] No. 84) 2016062424 June 2016
Hong Kong Tax alert – 17 Jun 2016 (2016 Issue No. 13) - financial services   | other industries A certificate of Hong Kong residence issued by IRD to be generally good for three years
A new administrative arrangement with retrospective effect has been agreed under an exchange of notes on 15 April 2016 between the IRD and the tax authorities of mainland China.
2016061717 June 2016
China Tax & Investment Express Issue No. 2016023 Notice regarding further strengthening the tax risk management (Shuizongfa [2016] No. 54) 2016061616 June 2016
China Tax & Investment Express Issue No. 2016022 Announcement regarding the effectiveness and enforcement of the protocol to the "Agreement between the Government of the People's Republic of China and the Government of the Kingdom of Bahrain for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income" (SAT Announcement [2016] No. 31) 201605278 June 2016
Hong Kong Tax alert - 8 Jun 2016 (2016 Issue No. 12) - financial services   | other industries DIPN No. 51 “Profits Tax Exemption for Offshore Private Equity Funds”
The Inland Revenue Department recently issued DIPN 51 to explain its interpretation of the new law for tax exemption of private equity funds.
201606028 June 2016
China Tax & Investment Express Issue No. 2016021 Notice regarding the "Administrative Measures of Case Sources for Tax Inspection (Trial)" (Shuizongfa [2016] No. 71) 201605273 June 2016
Hong Kong Tax alert - 2 Jun 2016 (2016 Issue No. 11) - financial services   | other industries Open-ended fund company
New law passed to allow an open-ended fund company structure in Hong Kong.
201606022 June 2016
China Tax & Investment Express Issue No. 2016020 Notice regarding Q&As for hot topics and the relevant training materials related to the VAT pilot arrangements (Shuizongnabianhan [2016] No. 71) 2016052727 May 2016
Hong Kong Tax alert - 27 May 2016 (2016 Issue No. 10) - financial services   | other industries Legislative bill to attract corporate treasury centre operations to Hong Kong passed
Hong Kong enacted new legislation for enhancing its attractiveness as a corporate treasury centre to multinational corporations.
2016051927 May 2016
Hong Kong Tax alert - 27 May 2016 (2016 Issue No. 9) - financial services   | other industries Tax treatments of Basel III compliant regulatory capital securities clarified
Law passed to provide clarity on tax treatment of Basel III compliant regulatory capital securities.
2016051827 May 2016
China Tax & Investment Express Issue No. 2016019 Announcement regarding the "Administrative Measures for Value-added Tax (VAT) Exemption on Cross-border Taxable Activities under VAT Pilot Arrangements (Trial)" (SAT Announcement [2016] No. 29) 2016052020 May 2016
China Tax & Investment Express Issue No. 2016018 Notice regarding further clarifications on policies for the finance industry upon launching the final stage of VAT pilot arrangements 2016051313 May 2016
Hong Kong Tax alert - 13 May 2016 (2016 Issue No. 8) - financial services | other industries CIR v Crown Brilliance Limited
IRD successfully challenges the flawed fact-finding process of the board of review in court, but not its decision.
2016051313 May 2016
E-commerce strategy and must-haves in China In this report, we look at the trends prevalent in China’s e-commerce sector while analyzing the strategies to maximize profit. 20160507May 2016
China Tax & Investment Express Issue No. 2016017 Notice regarding policies on construction fee for cultural undertakings (CFCU) and the relevant collection and administration issues under the Value-added Tax (VAT) pilot arrangements (Caishui [2016] No. 25) 2016050606 May 2016
China Tax & Investment Express Issue No. 2016016 Announcement regarding tax collection and administration matters related to the final stage of Value-added Tax pilot arrangements (SAT Announcement [2016] No. 23) 2016042929 April 2016
China Tax & Investment Express Issue No. 2016015 Announcement regarding extending the filing deadline for tax matters related to export tax refund/exemption in 2016; etc. 2016042222 April 2016
Hong Kong Tax alert - 21 April 2016 (2016 Issue No. 7) - financial services | other industries Hong Kong signs comprehensive avoidance of double tax agreement with Latvia. 2016041521 April 2016
China Tax & Investment Express Issue No. 2016014 Several implementation circulars regarding the Value-added Tax (VAT) collection and administration after the launch of the final stage of VAT pilot arrangements 2016041515 April 2016
Hong Kong Tax alert - 15 April 2016 (2016 Issue No. 6) - financial services | other industries Poon Cho-ming John v CIR
Payments or benefits received upon termination of employment held taxable.
2016041515 April 2016
Chinese Customs makes major amendments to the "Declaration Requirements for Import/ Export Entry" We highlight the new requirement from Customs with respect to the related party transaction, potential influence on import price and existence of royalty payments, etc,. 20160401April 2016
China Tax & Investment Express Issue No. 2016013 Protocol and Memorandum of Understanding on the China-Indonesia Double Tax Agreement 201604088 April 2016
China Tax & Investment Express Issue No. 2016012 Notice regarding the final stage of the Value-added Tax (VAT) pilot arrangements (Caishui [2016] No. 36) 201603241 April 2016
Landmark of VAT pilot reform: analysis on the actions to be taken in response to the nationwide VAT reform for all industries The existing Business Tax will be phased out. We describe some of the key features of the VAT pilot arrangements provided by Caishui [2016] No. 36. 20160329March 2016
Hong Kong Tax alert - 29 March 2016 (2016 Issue No. 5) - financial servicesother industries 2015/16 profits tax filing season will commence soon. 2016032929 March 2016
China Tax & Investment Express Issue No. 2016011 Notice regarding the effectiveness and enforcement of the Fourth Protocol to the Mainland-Hong Kong Double Tax Agreement 2016032424 March 2016
Final wave of the VAT pilot reform is coming, are you ready? Premier Li Keqiang has announced that the final stage of the VAT pilot reform would start from 1 May 2016. 20160304March 2016
China Tax & Investment Express Issue No. 2016009 Notice regarding the investigation of key tax sources in 2016 (Caishui [2016] No. 24) 2016040411 March 2016
China Tax & Investment Express Issue No. 2016008 Decision on the abolition of the second batch of 152 items subject to administrative approval of local governments designated by the central government (Guofa [2016] No. 9) 201604044 March 2016
China Tax & Investment Express Issue No. 2016007 Notice regarding the “Key Tasks of Taxation Work in 2016” (Shuizongfa [2016] No. 15) 2016022626 February 2016
Hong Kong 2016-17 Budget insights Our Budget insights and Tax facts summarize the key proposals contained in the budget and our views thereof. 2016022424 February 2016
Hong Kong Tax alert - 22 February 2016 (2016 Issue No. 4) - financial services | other industries Court of Final Appeal upholds no change of taxpayer intention as regards land site 2016022222 February 2016
China Tax & Investment Express Issue No. 2016006 Notice regarding the revised "Administrative Measures on High-and-New Technology Enterprise Recognition" (Guokefahuo [2016] No. 32) 2016021919 February 2016
Hong Kong Tax alert - 15 February 2016 (2016 Issue No. 3) - financial services | other industries New legislative bill introducing an open-ended fund company structure in Hong Kong 2016021515 February 2016
China Tax & Investment Express Issue No. 2016005 Notice regarding the amendments to certain annual Corporate Income Tax (CIT) returns (Type A, 2014 Version) (SAT Announcement [2016] No. 3) 201602055 February 2016
The OECD Common Reporting Standard Get ready! EY’s CRS tax and advisory professionals can provide a range of technical and delivery support, making use of a suite of CRS tools and accelerators. 20160229February 2016
China Tax & Investment Express Issue No. 2016004 Notice regarding issues related to further strengthening the interim and ex-post supervision on export tax refund/exemption (SAT Announcement [2016] No.1) 2016012929 January 2016
Hong Kong Tax alert - 29 January 2016 (2016 Issue No. 2) - financial services | other industries Hong Kong has recently signed a comprehensive avoidance of double taxation agreement with the Russian Federation. 2016012929 January 2016
China’s SAT issues sixth Advance Pricing Arrangement Annual Report In this transfer pricing alert, we summarize key points and share our observations with regard to the China Advance Pricing Arrangement (APA) Annual Report (2014). 20160130January 2016
Hong Kong Tax alert - 21 January 2016 (2016 Issue No. 1) - financial services | other industries Court-free company amalgamations
IRD announces its interim assessing practice pending specific legislation.
2016012121 January 2016
Hong Kong Tax alert - 10 December 2015 (2015 Issue No. 21) - financial services | other industries Basel III banking compliant regulatory capital securities
Legislative bill to grant tax deductions for distributions on regulatory capital securities and stamp duty relief for transfers of RCSs introduced.
2015121010 December 2015
Hong Kong Tax alert - 10 December 2015 (2015 Issue No. 20) - financial services | other industries Hong Kong introduces a legislative bill for enhancing its attractiveness as a corporate treasury centre to multinational corporations 2015121010 December 2015
Hong Kong Tax alert - 27 November 2015 (2015 Issue No. 19) - financial services | other industries Hong Kong signs comprehensive double tax agreement with Romania 2015112727 November 2015
Hong Kong Tax alert - 24 November 2015 (2015 Issue No. 18) - financial services | other industries IRD adamant that no concessionary salaries tax treatment is available for benefits-in-kind 2015112424 November 2015
Hong Kong Tax alert - 20 November 2015 (2015 Issue No. 17) - financial services | other industries IRD gives guidance on the deductibility of specific provisions relevant to bank loans and the tax characterization of perpetual notes 2015112020 November 2015
Hong Kong Tax alert - 19 November 2015 (2015 Issue No. 16) - financial services | other industries IRD indicates it would invoke anti-avoidance provisions to counteract the unjustifiably transfer of tax losses in a court-free amalgamation 2015111919 November 2015
Hong Kong Tax alert - 18 November 2015 (2015 Issue No. 15) - financial services | other industries IRD further justifies its stringent approach to issuing certificates of tax residence 2015111818 November 2015
Hong Kong Tax alert - 6 October 2015 (2015 Issue No. 14) All Hong Kong applicants required to produce a certificate of residence for claiming tax treaty benefits in mainland China under Announcement 60 201510066 October 2015
Hong Kong Tax alert - 17 July 2015 (2015 Issue No. 13) - financial services | other industries Law enacted to exempt private equity funds 2015071717 July 2015
Hong Kong Tax alert - 25 June 2015 (2015 Issue No. 12) - financial services | other industries Bill introduced into Legislative Council seeking to improve the tax appeal process 2015062525 June 2015
Hong Kong Tax alert - 22 June 2015 (2015 Issue No. 11) - financial services | other industries HKSAR Government expresses regret at Hong Kong being listed by the European Commission as a non-cooperative tax jurisdiction 2015062222 June 2015
Hong Kong Tax alert - 4 June 2015 (2015 Issue No. 10) - financial services | other industries License fees received by a non-Hong Kong resident from a Hong Kong taxpayer in respect of rights to exhibit television programs outside Hong Kong held taxable in Hong Kong 201506044 June 2015
Hong Kong Tax alert - 29 May 2015 (2015 Issue No. 9) - financial services | other industries The HKSAR Government has announced the successful offering of a US$1 billion wakalah sukuk 2015052929 May 2015
Hong Kong Tax alert - 4 May 2015 (2015 Issue No. 8) - financial services | other industries Views of stakeholders sought on proposed automatic exchange of financial account information 201505044 May 2015
Hong Kong Tax alert - 13 April 2015 (2015 Issue No. 7) - financial services | other industries Hong Kong amends certain terms of its tax arrangement with mainland China
2015041313 April 2015
Hong Kong Tax alert - 1 April 2015 (2015 Issue No. 6) - financial services | other industries 2014/15 profits tax filing season has commenced
201504011 April 2015
Hong Kong Tax alert - 31 March 2015 (2015 Issue No. 5) - financial services | other industries Inland Revenue (Amendment) Bill 2015 gazetted to extend Profits Tax Exemption for Offshore Funds to Private Equity Funds 2015033131 March 2015
Hong Kong Tax alert - 4 March 2015 (2015 Issue No. 4) - financial services | other industries Time limit for a section 70A application may not be as generous as it appears 201503044 March 2015
Hong Kong Tax alert - 27 February 2015 (2015 Issue No. 3) - financial services | other industries New application forms for a certificate of residence have greatest impact on entities incorporated or constituted under Hong Kong laws
2015022727 February 2015
Hong Kong Tax alert - 27 February 2015 (2015 Issue No. 2) - financial services | other industries Hong Kong government committed to resolving tax asymmetry issue on interest deductions for corporate treasury centers and reducing tax rate for specified treasury activities 2015022727 February 2015
Hong Kong 2015-16 Budget The Financial Secretary, Mr John Tsang, delivered the 2015-16 budget speech at the Legislative Council today (25 February 2015). Our Budget insights and Tax facts summarize the key proposals contained in the budget and our views thereof. 20150115
Hong Kong Tax alert - 15 January 2015 (2015 Issue No. 1) - financial services | other industries Court of Final Appeal decision in CIR v Aviation Fuel Supply Company 2015011515 January 2015
Hong Kong Tax Alert: 6 November 2014 - financial services | other industries Taxation of share awards further clarified. 201411066 November 2014
Hong Kong Tax Alert: 4 November 2014 - financial services | other industries Hong Kong joins the drive for the automatic exchange of information. 201411044 November 2014
Hong Kong Tax Alert: 3 November 2014 - financial services | other industries Tax deductions for share-based payments further clarified 201411033 November 2014
Hong Kong Tax Alert: 30 October 2014 - financial services | other industries Clarifications of source rules for dividend-type income and the interpretation of the provision against trafficking of tax loss companies. 2014103030 October 2014
Hong Kong Tax Alert: 29 October 2014 - financial services | other industries Inland Revenue Department to consider whether a taxpayer is eligible for treaty benefits before issuing certificate of tax residence. 2014102929 October 2014
Hong Kong Tax Alert: 28 October 2014 - financial services | other industries Hong Kong has recently signed a comprehensive avoidance of double taxation agreement with South Africa. 2014102828 October 2014
Hong Kong Tax Alert: 17 September 2014 - financial services | other industries Source of director’s fees – place of business or listing versus place of board meetings of the fee paying company? 2014091717 September 2014
Hong Kong Tax Alert: 16 September 2014 - financial services | other industries Court of Appeal rules Sheng Kung Hui Church did not embark on a trade of property development at so early a point of time 2014091616 September 2014
Hong Kong Tax Alert: 11 September 2014 The HKSAR Government today announced the successful offering of a US$1 billion inaugural Islamic bond (sukuk) under the Government Bond Programme. 2014091111 September 2014
Hong Kong Tax Alert: 28 August 2014 Hong Kong and six Nordic jurisdictions sign standalone tax information exchange agreements. 2014082828 August 2014
Hong Kong Tax Alert: 17 July 2014 - financial services | other industries Hong Kong has recently signed a comprehensive avoidance of double taxation agreement with Korea. 2014071717 July 2014
Hong Kong Tax Alert: 2 July 2014 - financial services | other industries How generous should the time limit for a section 70A application be? 201407022 July 2014
Hong Kong Tax Alert: 16 June 2014 - financial services | other industries No refund of tax paid based on accounts falsified by directors. 2014061616 June 2014
Hong Kong Tax Alert: 12 June 2014 - financial services | other industries Unfavorable ruling on source of profits does not signal a change in IRD’s practice. 2014061212 June 2014

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