Our collection of resources based on what we have learned on the ground
Resources
Q&A
How is the luxury goods industry in China likely to develop in the coming years?...
- February 2015
- Free Access
As the ratio of middle-class and affluent Chinese expands, the luxury goods market will grow apace through 2020. By 2013, Chinese consumers accounted for 47 percent of global luxury good sales, spending about US$102 billion for the year. Today the s...
Q&A
What is the current climate for importing wine into China?
- February 2015
- Free Access
Foreign wine has been pouring into China, growing sevenfold over the last six years and increasing to 19 percent of the total domestic market. As a result, almost one out of five bottles opened in China is now imported.
Q&A
How have increasing labor costs in China affected the manufacturing industry?
- February 2015
- Free Access
Many China commentators have been focusing on the increasing labor costs in China, and noting how many China-based businesses are now struggling in the face of rising wages. The China-ASEAN free trade agreement (FTA), which was signed off in 2002 and...
Q&A
What effect has the ASEAN- China Free Trade area had on China and ASEAN as a who...
- February 2015
- Free Access
The ASEAN–China Free Trade Area is the world’s largest free trade area in terms of population and third largest in terms of nominal GDP after the European Union and NAFTA. The original FTA reduced tariffs on nearly 8,000 product categorie...
Q&A
How should foreign investors adapt when setting up a wholly foreign owned enterp...
- February 2015
- Free Access
Foreign investors need to adapt their presence to serve China’s domestic consumer market. To engage in distribution, an existing manufacturing wholly foreign-owned enterprise (WFOE) will need to expand its business scope. Adding distribution in...
Q&A
What are China's regulations on granting Double Taxation Avoidance?
- February 2015
- Free Access
Before it will grant DTA (Double Taxation Avoidance) relief from Withholding Tax on dividends, interest or royalties, the SAT (State Administration on Taxation) must be satisfied that the applicant company in a DTA partner jurisdiction is indeed the ...
Q&A
When is withholding tax charged in China?
- February 2015
- Free Access
Withholding Tax (WT) is charged on an array of service fees billed by a company in its home jurisdiction to a company (either a client or subsidiary) in China for services provided by the former to the latter. As corporate income tax (CIT) cannot be ...
Q&A
What are the different types of distribution which wholly foreign owned enterpri...
- February 2015
- Free Access
The different types of distribution which can be carried out by WFOEs in China are as follows: Retailing: i.e., selling goods from fixed venues or via television, telephone, mail order, internet, or vending machines, and related services.&nb...
Q&A
Why is the significance of permanent establishment in DTAs?
- February 2015
- Free Access
Permanent establishment (PE) – defined as a fixed place at which the business of an enterprise is carried out in a given country. If a non-resident enterprise (in terms of China) is a tax resident of a jurisdiction that has a DTA in place with ...
Q&A
What is the main objective for the revised Environmental Protection Laws and how...
- February 2015
- Free Access
Overall, the revised law emphasizes the principles of transparency, accountability, rule of law, and public participation in environmental monitoring. These make it inevitable that the costs of doing business in China for foreign-invested enterprises...
Q&A
What is the methods of applying for DTA benefits in China?
- February 2015
- Free Access
For foreign investors doing business in China, securing DTA benefits is an important measure for reducing the tax burden as stipulated by Chinese tax law and thereby maximizing profit. In addition to satisfying the specific requirements of the releva...
Q&A
How are individuals taxed in Hong Kong, and who must file annual tax returns in ...
- February 2015
- Free Access
Individuals are taxed at a progressive rates on their net chargeable income (i.e assessable income after deductions and allowances) starting at 2% and ending at 17% or at a standard rate of 15% on net income (i.e. income after deductions), depending ...
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