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Day: August 26, 2021

CW’s visit to Dorsey & Whitney Shanghai Office

Our Shanghai-based colleague, Marant Caballero, Senior Advisor, focuses on strengthening and expanding our business network to serve our clients in China better. In early August, he visited the Shanghai office of Dorsey & Whitney, a U.S.-based law firm. Dorsey & Whitney Law Firm Shanghai Office specializes in consulting and providing advice to Chinese clients and companies on the U.S. Law. With offices across multiple states in the U.S., their experienced Chinese lawyers can exercise their practice in China and the

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Project WeCan – 2021 Job Tasting Programme

[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] To provide secondary school students with some working experience before entering the workforce, Project WeCan has been organizing Job Tasting Programme each year since 2012. This programme allows students to work in sizable companies during summer vacation. Students are required to go through normal application procedures and be assigned to mentors in their respective workplaces. CW CPA is one of the Corporate Partners of Project WeCan and has supported Project WeCan in their

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Hong Kong, Hong Kong - November 6 2019 : Hong Kong cityscape, view from mountains
Corporate Secretarial

Hong Kong: Commencement of New Inspection Regime – Phase 1

On 16 August 2021, Hong Kong’s Companies Registry published external circular no.1/2021 regarding the commencement of a new inspection regime of the Companies Register (“New Inspection Regime”) commencing on 23 August 2021. From 23 August 2021, companies may withhold from public inspection the usual residential addresses of directors and full identification numbers (“IDNs”) of directors and company secretaries as contained in the registers of directors and registers of company secretaries kept by the companies.  In such cases, companies are to

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Chinese Lanterns lit
China Updates

China Updates – August 2021

The FDI increases in China, despite tensions worldwide The global pandemic, the financial crisis, and the trade tensions have not stopped China from becoming a leader in attracting foreign investment again. Some of the existing foreign investments in the market are currently struggling. Meanwhile, others and expanding, and thousands of new ones are being established, reaching a new all-time high again. Many of these are non-financial investments and reinvested profits of existing ones. Regarding foreign trade, the half-year of 2021 has been the best performance in history, thanks to its rapid recovery from COVID.

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Calculating Tax
China Consulting

A Look Ahead at the Expiring Tax-Exempt Fringe Benefits for Expats in China

With global tax revamp afoot, multinational companies are facing more tax-related challenges operating across the globe. However, changes are inevitable. China will follow the change to reform its taxation policy over the next five years. Since 1994, China has granted its working foreigners tax benefits via its individual income tax policy. This preferential policy granted the tax-free status for 8 categories of expenses including rent, children’s education, language training, meal, laundry, relocation, business travel and home visit expenses. However, it

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