Library
Industry News - 2009
17 December 2009
BVI Companies Given the Green Light to List in Hong KongOn 16 December 2009, the Stock Exchange of Hong Kong Limited (“HKSE”) amended its “list of acceptable overseas jurisdictions” to allow compani…
Read More09 December 2009
Cayman Islands 2009-2010 Balanced BudgetThe Cayman Islands 2009-2010 budget is expected to create a small surplus of income as a result of cuts in expenditures in conjunction with increases …
Read More08 December 2009
Tax Exemption Scheme for Qualifying Family-owned Investment Holding Companies (FIHC) in SingaporeThe Singapore government has announced that its tax concessions to individuals are now extended to individuals who invest through a qualifying Family-…
Read More07 December 2009
Hong Kong/Vietnam Double Tax AgreementA double taxation agreement between Hong Kong and Vietnam (“the HK/Vietnam DTA”) was signed on 16 December 2008. It will apply to Hong Kong tax …
Read More15 November 2009
With the signing of it's 12th tax agreement, Singapore is the newest arrival on the OECD white listOn November 13 2009, Singapore signed an agreement with France to share tax information, allowing it to qualify for the OECD's white list of jurisdict…
Read More11 November 2009
Changes to the regulatory landscape for retail structured investment productsIn September 2009, the Securities and Futures Commission of Hong Kong (“SFC”) sought to enhance and fine-tune the regulatory regime relating to al…
Read More11 November 2009
China issues clear and comprehensive rules on double tax treaty benefit claims by non-residentsOn 1 October 2009, Guoshuifa [2009] 124 (“Circular 124”) came into effect. Before Circular 124 was issued, different local-level tax bureaus ado…
Read More22 October 2009
Singapore set to leave the "Grey List"On the 19th October The Singapore Parliament passed the Income Tax Exchange of Information Bill. Effectively, this lifts the 'domestic interest cond…
Read More14 October 2009
Defense strategies in respect of transfer pricing audits in ChinaWith the issuance of Circular No. 363 (Strengthening the Monitoring and Investigation of Cross-Border Related Party Transactions, Guo Shui Han [2009] …
Read More07 October 2009
British Virgin and Cayman Isles ‘White Listed’In a move that places the British Virgin Islands and the Cayman Islands alongside the likes of the US and the UK in terms of their implementation of i…
Read More30 September 2009
Switzerland and US sign agreement to bolster tax information exchangeAs part of its drive to remove itself from the Organization for Economic Co-operation and Development’s (OECD) ‘grey list’, Switzerland recently…
Read More30 September 2009
Liechtenstein Disclosure FacilityIntroduction The global trend towards international tax transparency gathered further momentum on 11 August 2009 following the announcement that the …
Read More30 September 2009
Seychelles IBC Act – Bearer Share AmendmentsSeychelles IBC Act - Bearer Shares AmendmentsThere have been important changes introduced by the recently enacted IBC (Amendment) Act 2009 relating to…
Read More29 July 2009
Extension of the Deductibility of Interest Incurred on Loans to Finance Capital ExpenditureUnder section 16(2)(e)(i) Inland Revenue Ordinance (“IRO”), subject to the relationship between the lender and borrower, interest incurred on fund…
Read More29 July 2009
Exchange of Information Bill Introduced into LEGCOThe adoption of the more liberal OECD 2004 Exchange of Information Article ("AOI") moved a step closer following the introduction of the Inland Revenu…
Read More25 March 2009
Hong Kong plans to introduce the new Companies BillIn response to requirements of investors and in order to modernise Hong Kong’s company law, the Hong Kong government decided to rewrite the Companie…
Read More04 February 2008
Second Protocol to the DTA signed by Hong Kong with the Mainland on 30 January 2008On 27 June 2007, the Inland Revenue Department (IRD) of Hong Kong (www.ird.gov.hk) issued a new version of Departmental Interpretation & Practice Not…
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