Library
Industry News - 2010
06 December 2010
Hong Kong Signs Tax Treaty with SwitzerlandHong Kong today (December 6) signed an agreement with Switzerland for the avoidance of double taxation and the prevention of fiscal evasion with resp…
Read More01 December 2010
Hong Kong, New Zealand Sign Tax PactHong Kong today (December 1) signed an agreement with New Zealand for the avoidance of double taxation and the prevention of fiscal evasion with res…
Read More11 November 2010
Hong Kong Signs with Luxembourg a Protocol to the Comprehensive Agreement on Avoidance of Double TaxationOn November 11, 2010, the Secretary for Financial Services and the Treasury, Professor K C Chan, on behalf of the HKSAR Government, signed the Pro…
Read More21 October 2010
Hong Kong / France - Comprehensive Double Taxation AgreementOn October 21, 2010(Paris time), Hong Kong signed an agreement with France for the avoidance of double taxation and the prevention of fiscal evasion…
Read More15 August 2010
New Tax Treaty between New Zealand and SingaporeA new tax treaty between New Zealand and Singapore came into force on August 12, 2010. The treaty replaces the 1973 treaty between the two countries …
Read More29 July 2010
BVI - Extended Transition Dates for Investment Business LegislationOn July 29, 2010, the British Virgin Islands Financial Services Commission (FSC) announced an extension to the transition dates under the new Securiti…
Read More20 July 2010
Hong Kong Legislative Council Passes Companies (Amendment) Bill 2010Hong Kong’s Legislative Council passed the Companies (Amendment) Bill 2010 (Legal Supplement No. 3 to Gazette No. 3, Vol. 14 ) on July 7, 2010. T…
Read More24 June 2010
BVI - New Securities & Investment Business LegislationThe BVI Securities & Investment Business Act, 2010, (“SIBA”) has passed into law, effective May 17, 2010. It has replaced the BVI Mutual Funds A…
Read More22 April 2010
Concerns About New Philippines Revenue Memorandum OrderOn March 15, 2010, The Philippines’ Bureau of Internal Revenue (BIR) issued Revenue Memorandum Order (“RMO”) No. 26-2010 (“RMO 26-2010”) for…
Read More21 April 2010
Revised DIPN 43 clarifies the location of offshore funds for Hong Kong profits tax purposesDuring the Hong Kong budget speech delivered on March 24, 2010, Mr John Tsang announced that the Inland Revenue Department (“IRD”) has been instru…
Read More20 April 2010
New Taxation Regime for Representative Offices of Foreign Enterprises in ChinaOn February 20, 2010, the State Administration of Taxation issued the Provisional Measures for Tax Collection and Administration for Foreign-Enterpris…
Read More16 April 2010
Cayman Islands Signs Tax information Exchange Agreement with AustraliaThe Cayman Islands signed a tax information exchange agreement with Australia on April 13, 2010, during a ceremony held at the Australian Embassy in W…
Read More25 March 2010
Three More Treaties for Hong KongSince the enactment in January this year of The Inland Revenue (Amendment) Ordinance 2010, which enabled the Hong Kong Government to adopt the 2004 OE…
Read More19 March 2010
Philippine President Approves Law on Tax Information ExchangeOn March 5, 2010, Philippine President Gloria Macapagal Arroyo signed into law Republic Act 10021, allowing the exchange of tax information pursuant t…
Read More23 February 2010
Status of residency after the Court of Appeals judgment in Gaines-Cooper v HMRCThe English Court of Appeal ruled on February 16, 2010, that the HMRC has not breached entrepreneur Robert Gaines-Cooper’s legitimate expectations i…
Read More10 February 2010
Notice 698: Challenges from the PRC Tax Authorities on the Offshore Holding Structures of China EnterprisesNotice 698 sets out the basis on which the PRC State Administration of Taxes (“SAT”) may tax a foreign company that “indirectly” transfers equ…
Read More10 February 2010
The Significance of the Foreign-Invested Partnership Enterprises for Foreign Investors into ChinaUntil recently, because of the lack of a legal framework, foreign investors have not been able to set up partnership enterprises in China, whilst dome…
Read More10 February 2010
Germany Delays Taking Action Against Users of Tax HavensGermany will hold off on imposing sanctions on companies and individuals who transfer money to tax havens. Tax havens, according to the Ministry of …
Read More18 January 2010
BVI Tax Information Exchange Agreements signed with Ireland and ChinaThe Government of the British Virgin Islands (BVI) has over many years built a reputation for being a constructive and co-operative member of the inte…
Read More04 January 2010
Chinese State Administration of Taxation Issues New Guidelines About Passive IncomeIn a previous client briefing note, we advised that from 1 October 2009, any claim of double tax treaty benefits by tax residents of tax treaty countr…
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