Finance and Accountancy Briefing

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A review of significant PRC and Hong Kong tax developments


Discussing Chinese developments first, DLA Piper's quarterly tax review outlines the significant changes implemented by Circular 59, specifically focusing on how it will affect inbound and outbound investments; the procedures and restrictions introduced by Decree 8, detailing when and how investors can use equity interests from Chinese registered companies to inject capital into foreign invested enterprises; and how the application procedure for permanent residency status in China has changed with the introduction of Circular 53.

Moving on to Hong Kong, the review analyses the new double tax treaty agreement between Hong Kong and Canada; the implications of the new property cooling measures that came into effect hours after being introduced; and the travel ban placed on Hong Kong based Australian lawyer Sarah Armstrong when she tried to board a flight from Mongolia.

For full details, click 'View Briefing'.

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