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Day: March 30, 2022

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China Consulting

On Simplified Registration and Filing Matters for All Market Entities in China

On 27 July 2021, China released the new Administrative Regulation of the People’s Republic of China on the Registration of Market Entities (“Regulation”), which is the first unified administrative Regulation to regulate all types of market players. The Regulation was enacted on 1 March 2022. On the same day, China released the relevant implementation rules. The Regulation and its subsequent implementation rules, combine and integrate the registration management of all types of market entities and achieve the unification of rules

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Greater Bay Area

CW Promoting HK 2022-23 Budget in the Spanish and Portuguese-Speaking countries

On 25 March 2022, CW held a live streaming session highlighting the Hong Kong 2022-23 Budget for Latin American companies. Our colleagues Delilah Li (Senior Manager, Greater China), Victor Herrera (Latam Focus), and Kemelly Vera (Brazil Focus) hosted the live session. Below are the key takeaways from the Hong Kong 2022-23 Budget highlighted in our live session.  Tax Reduction To reduce profits tax for the year of assessment 2021/22 by 100 percent, subject to a ceiling of $10,000. Salaries tax

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China Updates

China Updates – March 2022

Administrative Regulation of the People’s Republic of China on the Registration of Market Entities  On 1 March 2022, China enacted the new Administrative Regulation of the People’s Republic of China on the Registration of Market Entities, which is the first unified administrative regulation to regulate all types of market entities in terms of registration and filing matters, registration procedures, and norms, application materials and documents, etc.  Market entities refer to all natural persons, legal persons, and unincorporated organizations that engage in

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