Our collection of resources based on what we have learned on the ground
Resources
Q&A
What factors must an overseas parent company consider when translating the finan...
- February 2016
- Members Access
Translating financial reports between an international parent company and a Chinese subsidiary can often be a fairly complex task. Each company is required to follow specific accounting standards based on the country that they reside in. ...
Q&A
What is the significance of the Foreign Account Tax Compliance Act (FATCA) for A...
- February 2016
- Members Access
The Foreign Account Tax Compliance Act (FATCA) is specifically designed to counter tax evasion. In cooperation with the Chinese government, financial institutions based in China are required by law to present the US government with information ...
Q&A
Why would an employee choose restricted stock units (RSUs) over monetary bonuses...
- February 2016
- Members Access
Restricted stock units (RSUs) are convenient forms of compensation that offer an array of benefits to employees seeking long-term employment with a company. This form of company stock is disbursed to an employee based on level of performance an...
Q&A
What is the one difference between Thai Financial Reporting Standards and IFRS?
- February 2016
- Free Access
The industry-specific financial instrument standards are different in IFRS and the Thai Financial Reporting Standards. However, the Thai Federation has announced two additional upcoming updates, namely the adoption of IFRS one year after its effectiv...
Q&A
What is the penalty for foreign companies who are late in submitting their audit...
- February 2016
- Free Access
All foreign companies have to submit their audited financial statements within five months or 150 days of the end of the fiscal year. If one company is overdue the deadline, this failure may result in a penalty of up to THB 100,000 (US$3,000).
infographic
The Development of China's Negative List
- January 2016
- Free Access
Development of China's negative list since it was first introduced in Shanghai in 2013.
infographic
The Tax Environment in China's Free Trade Zones
- January 2016
- Members Access
An insight into tax rate differences in China's FTZs, particularly CIT and IIT.
infographic
Cross-Border RMB Cash Pooling
- January 2016
- Members Access
Cross-border RMB cash pooling was introduced in 2014 to recoup RMB back to mainland China, achieving financial cost saving.
magazine
A Guide to China's Free Trade Zones
- January 2016
- Members Access
In this issue of China Briefing magazine, we examine China’s four Free Trade Zones and discuss the differences and strengths that exist in each of them. We begin by providing an introduction to the FTZs, and then take an in-depth look at the market...
Q&A
How much is the penalty if enterprises miss tax deadlines in Vietnam?
- January 2016
- Free Access
A taxpayer who pays tax later than the deadline has to pay the outstanding tax liabilities plus a fine equal to 0.05 percent of the tax due for each day the payment is late.
Q&A
How should the tax payment process be carried out in Vietnam?
- January 2016
- Free Access
Enterprises in Vietnam are required to carry out the tax process online. To simplify the tax payment process, the Ministry of Finance has issued Circular No. 110/2015/TT-BTC on electronic transactions in tax administration, which came into effect on ...
Q&A
When is the deadline for tax declaration (monthly, quarterly and annually) and f...
- January 2016
- Free Access
The deadline for monthly tax declaration is 20th day after the end of the month, for quarterly declaration it is 30th day after the end of the quarter and for annual declaration it is also 30th day after the end of the fiscal year. And deadline for a...
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