Hong Kong: Commencement of New Inspection Regime – Phase 1
On 16 August 2021, Hong Kong’s Companies Registry published external circular no.1/2021 regarding the commencement of a new inspection regime of the Companies Register (“New Inspection Regime”) commencing on 23 August 2021. From 23 August 2021, companies may withhold from public inspection the usual residential addresses of directors and full identification numbers (“IDNs”) of directors […]
A Look Ahead at the Expiring Tax-Exempt Fringe Benefits for Expats in China
With global tax revamp afoot, multinational companies are facing more tax-related challenges operating across the globe. However, changes are inevitable. China will follow the change to reform its taxation policy over the next five years. Since 1994, China has granted its working foreigners tax benefits via its individual income tax policy. This preferential policy granted […]