News

1. Introduction Cross-employment between affiliated companies is quite common in practice, but such operations may lead to disputes in the determination of employee labour relationships and the calculation of seniority, etc. This article will summarize the key points of compliance for enterprises to manage the cross-employment, and provide operational suggestions for enterprises to comply with

In various regions, countries are gearing up for significant changes in their tax policies as they adapt to the evolving global landscape of corporate taxation. The focus is on implementing the Global Anti-Base Erosion (GloBE) Rules under the Base Erosion and Profit Shifting (BEPS) 2.0 framework, which is led by the Organisation for Economic Co-operation

Introduction In the economic panorama of China for 2023, three pivotal themes shape fiscal policies and international business dynamics. Firstly, the State Taxation Administration's "Summary of Extended, Improved, and Optimized Tax and Fee Preferential Policies" introduces 70 strategic measures, aiming to stabilize markets and boost confidence. Secondly, Dongguan takes the spotlight with the "Provisional Implementation

The "Regulations on the Administration of Social Insurance in China" were officially passed during the 11th executive meeting of the State Council on July 21, 2023, and are slated to come into effect on December 1, 2023. The new regulations encompass various social insurance schemes, including basic pension insurance, basic medical insurance, work-related injury insurance,

In the dynamic and rapidly evolving landscape of cryptocurrency, India's stance on crypto taxation has attracted increased attention. The government's introduction of a controversial tax deducted at source (TDS) on all crypto transactions, along with a tax on crypto profits, has created debates and concerns within the increasing digital asset market. This article develops the

Investing in China can be influenced by various factors, including tax incentives and subsidies provided to expatriates in regions like the Greater Bay Area (GBA). The Chinese government has been implementing initiatives to attract foreign talent and foreign direct investments to the GBA by offering tax subsidies and incentives to eligible expats. China’s Ministry of

Announcement of the Ministry of Finance, the State Administration of Taxation, and the Ministry of Housing and Urban-Rural Development on tax policies related to affordable housing (Ministry of Finance, State Administration of Taxation, Ministry of Housing and Urban-Rural Development Announcement No. 70 of 2023) The Announcement makes it clear that land used for the construction

Free Trade Zones (FTZ) in China are a class of Special Economic Zones that are geographically defined areas within the country where specific regulations and policies are established to encourage economic activities such as trade, investment, and technology development. These zones are designed to simplify administrative procedures, reduce trade barriers, and attract foreign investors. Benefits

Introduction The Italian Council of Ministers approved the budget bill, along with a legislative decree containing urgent economic measures and tax policies. Two legislative decrees are also under examination for international taxation reforms and the first phase of Personal Income Tax (IRPEF) reform. The Prime Minister Giorgia Meloni and the Minister of Economy and Finance

The Ministry of Finance of Vietnam, in its pursuit to stimulate economic recovery and support taxpayers facing ongoing challenges, has issued Official Dispatch No. 11239/BTC-CST. The dispatch seeks opinions on the reduction of the Value Added Tax (VAT) in the first half of 2024. The proposal suggests maintaining the existing 2% reduction in VAT in

1. Introduction Cross-border e-commerce (“CBEC”) is an umbrella term for cross-border e-commerce retail imports and exports. Cross-border e-commerce retail import refers to the process whereby consumers in China purchase goods from abroad through a cross-border e-commerce third-party platform operator and transport them into the country using either online bonded import (Customs Supervision Mode Code 1210),

The Ministry of Finance and the State Administration of Taxation have recently introduced a series of tax policies to provide fiscal advantages to financial institutions supporting Small and Micro Enterprises and companies investing in R&D. The first policy grants an exemption from value-added tax (VAT) in China on interest income generated from such loans provided