Our collection of resources based on what we have learned on the ground

Resources

Q&A

How are internal control and internal audit defined in China?

How are internal control and internal audit defined in China?

Internal control is a process designated to provide assurance that the company is: Effectively and efficiently operating; Providing reliable financial reporting; Complying with applicable laws and regulations; and Safegua...

Q&A

How to find a permanent establishment for the foreign headquarter?

 How to find a permanent establishment for the foreign headquarter?

Under most double tax treaties between China and other countries, a permanent establishment will be constituted if: The Chinese entity receives services from foreign entities, be the service rendered in China or overseas; and The duration of the ...

Q&A

How is related parties defined in terms of management under Chinese law?

How is related parties defined in terms of management under Chinese law?

Related parties are found on the basis that, when the either of the following is appointed by another enterprise, or two enterprises with more than half of their senior management personnel or more than one executive director is appointed by a sam...

Q&A

Under what other conditions would parties be considered as related parties?

Under what other conditions would parties be considered as related parties?

If one of the following scenarios is met, then parties shall be considered as related parties: • When one enterprise’s production and operation activities are dependent on intangibles licensed from another enterprise (including indu...

WEBINAR

Benelux Chamber SME Seminar Series 2014 | Finance Edition

Benelux Chamber SME Seminar Series 2014 | Finance Edition

Dezan Shira & Associates are pleased to annouce that Hannah Feng, Senior Manager of Corporate Accounting Services in Beijing, will be speaking at the first edition of Benelux Chamber's brand new SME Seminar Series: Finance Edition. The...

Q&A

What aspect should be cautioned when using holding companies for Chinese or ASEA...

What aspect should be cautioned when using holding companies for Chinese or ASEA...

It must be noted that compliance with anti-avoidance tax rules from Hong Kong and Singapore is a must. The key to such compliance is to show that the holding company is a genuine business, i.e.: there must be economic substance to justify this tax...

Q&A

What are the tax incentives for Hong Kong and Singapore holding companies?

What are the tax incentives for Hong Kong and Singapore holding companies?

Since both Hong Kong and Singapore have double taxations agreements with China and ASEAN countries, the withholding tax rate for profit repatriation to these two locations would normally be reduced. An instance would be that the Chinese withholding t...

Q&A

Why are Hong Kong and Singapore holding companies attractive to foreign investor...

Why are Hong Kong and Singapore holding companies attractive to foreign investor...

In terms of ease of doing business, both locations take the stance of protecting investors and facilitating cross-border trade, by providing highly transparent business environment and favorable tax regime to businesses. Also, with English being the ...

report

Business relations between French SMEs and industrial groups in China

Business relations between French SMEs and industrial groups in China

This issue of Connexions gets a snapshot of French SMEs and French industrial groups’ ties in China. The magazine shows how both of these actors would benefit from strengthened relations - qualified as “decisive” by a 2011 report from ...

magazine

Vorbereitung der Jahresabschlussprüfung für Ihr Asiengeschäft

Vorbereitung der Jahresabschlussprüfung für Ihr Asiengeschäft

In dieser Ausgabe von Asia Briefing möchten wir Ihnen einen Überblick über die Ziele und Anforderungen der Compliance-Prüfungen in China, Indien und Vietnam bieten, damit Sie vor bösen Überraschungen in Rechts- und Steuerangelegenhe...

magazine

Gestione dei Libri Paga in Asia

Gestione dei Libri Paga in Asia

La riscossione delle entrate fiscali e la gestione della previdenza sociale sono due delle funzioni fondamentali esercitate da un governo. Nel processo di costituzione e nel corso della gestione di un business in Asia, le aziende devono prestare part...

magazine

Payroll Processing Across Asia

Payroll Processing Across Asia

In Asia Briefing Magazine’s first issue of 2014, we provide a country-by-country introduction to how payroll and social insurance systems work in China, Hong Kong, Vietnam, India and Singapore. We also compare three distinct models companies use...

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