Tax

On 9 May 2016, the China State Administration of Taxation ("SAT") and the China Ministry of Finance ("MOF") announced the commencement of a comprehensive reform of China's Resource Tax system (the "...
August 2016
Following the Premier's earlier announcement of the nationwide pilot value added tax (“VAT”) reform program, under which service sectors historically subject to business tax (“BT”) would be subject...
May 2016
Stamp duty – buyer’s stamp duty – purchase of residential property by trustee for Hong Kong permanent resident and minor – whether chargeable with buyer’s stamp duty In July 2013, P, as trustee...
May 2016
The income tax reduction for high and new technology enterprises (“HNTE”) is a key tax incentive available under current China tax laws and plays an important role in encouraging investment in high-...
April 2016
On 5 October 2015, the OECD Secretariat published the 2015 Final Reports (the “BEPS Final Reports”) to the OECD/G20 Base Erosion and Profit Shifting Project (“BEPS”). The term BEPS refers to tax...
December 2015
Richard Weisman and Noam Noked, Foreign Registered Lawyers, Baker & McKenzie On 5 October 2015, the OECD Secretariat published the 2015 Final Reports (the "BEPS Final Reports") to the OECD...
November 2015
Steven Sieker, Partner, Josephine Chuk, Tax Advisor, and Noam Noked, Associate, Baker...
August 2015
Steven Sieker, Partner, Josephine Chuk, Tax Advisor, and Noam Noked, Associate, Baker...
July 2015
Richard Weisman, Senior US tax partner and Noam Noked, Associate, Baker...
June 2015
Travis Benjamin, Head, Tax Practice, Deacons On 29 January 2015, the Inland Revenue Department announced new, hard-line procedures for obtaining a certificate of Hong Kong resident status for the...
March 2015
Taxation – profits tax – property purchased and held as capital asset – whether, when redevelopment decision taken and application for land exchange made, taxpayers changed intention for holding...
November 2014
Taxation — objection — whether, by raising objection, taxpayer entitled to also object to earlier assessments and assessor obliged to correct error or omission in earlier assessments — proper...
October 2014
Profits tax — allowable deductions — statutory definition The taxpayer (“T”) supplied plastic, custom-made garment hangers, which were manufactured by two mainland Chinese factories. The moulds...
February 2014
After months of delay, amendments to the Inland Revenue and Stamp Duty Ordinances were passed on 19 July 2013 to provide much-needed groundwork for Islamic finance - in particular sukuk issuance - to...
December 2013
The practice of funnelling money to tax-free or low-tax countries such as Switzerland in order to avoid paying more punitive taxes at home is finished, the head of French bank Societe Generale (“...
November 2013
Leading countries vowed last month to crack down on tax avoidance by multinationals, asking the Organisation for Economic Co-operation and Development (“OECD”) to draw up new guidelines. The OECD...
September 2013
The Hong Kong Legislative Council passed the Trust Law (Amendment) Bill on 17 July 2013, bringing to a conclusion a long period of consultation and debate as to just how Hong Kong’s antiquated Trust...
September 2013
Hong Kong recently passed the Inland Revenue (Amendment) Bill 2013 (the “Bill”) on July 10, 2013. This allows the city to agree with another jurisdiction relief from double taxation, as well as the...
September 2013
In the decision of Re Yung Kee Holdings Ltd HCCW 154/2010, the Hong Kong Court of First Instance laid down certain principles as to when the Hong Kong courts have jurisdiction to wind up a company...
July 2013
Banks in Singapore are urgently scrutinising their account holders as an imminent deadline on stricter tax evasion measures forces them to decide whether to send some of their wealthiest clients...
June 2013