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Day: October 7, 2020

Webinar – Using Hong Kong to strategize your digitalization process

On 23 September 2020, CW held the webinar titled “Using Hong Kong to strategize your digitalization process”. The webinar was co-hosted by InvestHK and the Brazil-China Chamber of Commerce.  Among the speakers, we had our Partner, Mr. Thomas Wong, and our Brazilian Business Advisor, Ms. Kemelly Vera, representing CW, Mr. Jimmy Chiang and Mr. Thiago Silveira representing InvestHK, and Mr. Daniel Manucci representing the CCCB. Recent discussions about e-commerce have gained more visibility due to the current economic and social scenario caused by the pandemic. Many companies are turning to digitalization to increase their revenue and to save their businesses. In this sense, we prepared this webinar focusing on the advantages of using Hong Kong as

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Sino-German Business Updates – October 2020

[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] Xi Jinping’s message on opening-up meets with a warm response by the German Chamber President Xi Jinping delivered a speech at the gathering marking the 40th anniversary of the Shenzhen Special Economic Zone on 14 October 2020, which has been warmly greeted by audiences from all walks of life, especially the local German Chamber community. “Foreign companies’ expertise and experience have been indispensable for China’s growth over decades,” said Maximilian Butek, delegate and chief representative of the Delegation of German Industry and Commerce Guangzhou. “China is Germany’s most important

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CW Shared Insights at the German Chamber HR Summit 2020 in Shenzhen

On 25 September 2020, CW had the honor to sponsor the 4th HR Summit in Shenzhen, organized by the German Chamber of Commerce in China – South & Southwest. Our Business Advisor, Ms. Virginia Tan, gave a workshop about how to optimize HR structure and save costs in the Post Covid-19 Era, which aroused great interest among the participants and ended on a satisfactory note. Our external consultant, Mr. Pan Lidong, took part in the event as a moderator, eliciting a good response from the participants.

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Pro Bono Work

Running a business is becoming more and more challenging under the COVID-19 pandemic. Maintaining our current businesses and exploring new opportunities are certainly our primary task now.  Nevertheless, we have not forgotten our corporate social responsibility, even in this difficult period. When it was very difficult to get surgical masks and sanitary products earlier this year, we donated masks to The Ronald McDonald House Charities of Hong Kong.  Besides that, through Project WeCan we also donated sanitary items, such as masks, hand sanitizers, etc.

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brown temple during nighttime
China Updates

China Updates – October 2020

Tax data shows a rapid rebound in service consumption during the National Day holiday The State Taxation Administration (STA) indicates that the consumption of goods and services in China showed a positive trend during the National Day holiday.€‚During the eight-day national holiday, the goods market remained active. For instance, the average daily sales revenue of Chinese wholesale and retail trade had a 14.1 percent increase year-on-year. The consumption of sports goods, second-hand vehicles, durable goods, cosmetics, and hygiene products, and furniture has also shown a double-digit percentage increase. Source: http://www.chinatax.gov.cn/eng/c101269/c5157373/content.html

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man writing on paper
Insights

Tax Benefits and New Tax System For Micro-Enterprises In Ecuador

Contributed by Diego Zambrano, Tax Consulting and Practice Manager, Audit Corporate / Tax Corporate A new tax regime for micro-enterprises was established in 2020 in Ecuador, which applies to those taxpayers (societies or natural persons), including entrepreneurs who fulfill the status of micro-enterprises, i.e. having 1-9 workers and an annual income of less than US$300,000. This regime applies to the following taxes: Income Tax (IR), Value Added Tax (VAT), and Excise Tax (ICE). Taxpayers not included Taxpayers engaged in activities related to the banana sector, construction contracts, or those

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