Insights
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Double Tax Avoidance Agreement Signed Between Hong Kong and India
India and the Hong Kong Special Administrative Region have signed a comprehensive agreement for the avoidance of double taxation (DTA) on March 19, 2018 after a lengthy negotiation process. The DTA will come into force upon completion of ratification procedures ...Read More
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Hong Kong: The Inland Revenue (Amendment) (No. 6) and (No. 7) Bills 2017
The Inland Revenue (Amendment) (No. 6) and (No. 7) Bills 2017 were gazetted on 29 December 2017. No. 7 Bill has recently been passed by the Legislative Council , and it has been indicated that there will be amendment to ...Read More
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New accounting standard for Revenue Recognition as from 1 January 2018
As from 1 January 2018, the new revenue standard affects the way you account for revenue. In July 2014, Hong Kong Institute of Certified Public Accountants (“HKICPA”) issued Hong Kong Financial Reporting Standard (HKFRS) 15, “Revenue from Contracts with Customers” that has been revised twice, in September 2015 then in June 2016. HKFRS 15 introduces a new recognition model for ...Read More
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CW CPA welcomes Hong Kong budget for Fiscal Year 2018-19
CW CPA welcomes Hong Kong budget for Fiscal Year 2018-19 On 28 February 2018, the first budget under the new government led by HKSAR Chief Executive Carrie Lam was delivered by the Financial Secretary Paul MP Chan. The 2018-19 budget carries three main objectives: achieving diversified economy, investing for the future, and caring and sharing. “While addressing the pressing needs, ...Read More
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Beyond the Canton Fair and the Chinese suppliers
Beyond the Canton Fair and the Chinese suppliers Managing your supply chain by establishing a presence in China 28 Feb 2018 Written by Luz Martinez, Sharon Chiu and Marant Caballero By common consent, China is designated “the world’s factory”. If you pick out any item from your kitchen or living room, the label “Made in China” is ...Read More
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New Requirement under The Companies (Amendment) Ordinance 2018
From March 1, 2018, all Hong Kong Companies except Companies listed in Hong Kong will be required to keep and maintain an up-to-date beneficial ownership information in a Significant Controllers Register (“SCR”). The purpose of this Ordinance is to enhance the transparency of company ownership and control in order to reflect the government has already taken action to comply with ...Read More
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A comparative analysis of taxes between China and Mexico
When it comes to tax matters, most people feel lost. Taxes are complex issues; it is sometimes helpful to understand other countries’ tax systems for comparison purposes. Taxes are the most important source of revenue in China. The Latin Department of CW CPA provides our readers with a clear and simple comparison of the main taxes in China and Mexico. ...Read More
Latest Events
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Welcome message from Allinial Global
Affiliation Highlight: Meet Allinial Global With the spread of technology and globalization, we have entered a time of tremendous change. As businesses expand their horizons and grapple with new challenges and opportunities, their needs are becoming increasingly complex, often requiring cross-border expertise and highly specialized services at the same time. In this highly competitive and rapidly changing market, flexibility and customization are key. At Allinial Global, we’ve pioneered an innovative model that provides our firms and their clients with the agility and worldwide connections they need to deliver the highest-quality solutions available anywhere, anytime—a capability that few other international accounting associations and networks can match. Consider, for example, when a client approaches its accounting firm seeking a health-care solution in ...Read More
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Affiliation Highlight: Meet Allinial Global
With the spread of technology and globalization, we have entered a time of tremendous change. As businesses expand their horizons and grapple with new challenges and opportunities, their needs are becoming increasingly complex, often requiring cross-border expertise and highly specialized ...Read More
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Italy (Tuscany) – China(Guangzhou) Investment Seminar
Despite of the great increase of investment from Chinese companies to Italy, what remains as a confusion for Chinese entrepreneurs is how to invest efficiently, which is a complicated problem involving economy, law, cultural customs. Therefore, CW CPA with the ...Read More
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Accessing China, Asia and the World through Shenzhen
Madrid, 27 March 2018 – CW CPA had the honored to co-host a seminar together with Invest Shenzhen on “Accessing China, Asia and the World through Shenzhen” in Alcobendas, a city located in the Community of Madrid of Spain. The ...Read More
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CW CPA takes part in CBBC China Business Conference
On 14 March 2018, CW CPA was an official SME sponsor of the 6th Annual China Business Conference in London, United Kingdom. Organised by the China-Britain Business Council, the Conference is an annual flagship all-day event in the UK to ...Read More
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Ms. Rosanna Choi at German Chamber Spring Reception
On 26th February, CW’s founding partner Ms. Rosanna Choi attended the second German Chamber Spring Reception at the ART23 Contemporary Gallery. At the event, she presented CW to the other guests. ...Read More
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CW CPA’s Third Tax Workshop with German Chamber of Commerce in Guangzhou
CW CPA gave a comprehensive tax workshop on tax health check at the German Chamber of Commerce in Guangzhou on the 6th of March 2018. CW CPA’s consultant and member of Board of Advisors, Bolivia Cheung, shared with the participants ...Read More
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China (Shenzhen) – Switzerland (Zurich) Investment Cooperation Conference
CW CPA invites you to attend the China (Shenzhen) – Switzerland (Zurich) Investment Cooperation Conference, which will be held on Friday, 20th April 2018 in Zurich. As China’s city with the highest concentration of innovation, entrepreneurship, makers, and capital investment, ...Read More
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Hong Kong General Chamber of Commerce
8 February 2018 Hong Kong, 8 February 2018 — CW’s Founding Partner Mr. Thomas Wong welcomed the Consuls General of the Americas, trade commissioners and entrepreneurs at HKGCC’s Lunar New Year Cocktail Reception. ...Read More
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CW CPA Joins Allinial Global
HONG KONG — CW CPA is very pleased to announce it has joined Allinial Global (http://www.allinialglobal.com), a global top 5 member-based association that has dedicated itself to the success of independent accounting and consulting firms since its founding in 1969. Allinial Global ...Read More
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“Smile and Love is all around” – CW’s participation at ACCA Community Day 2018
“Smile and Love is all around” – CW’s participation at ACCA Community Day 2018 CW was honored to be part of the ACCA Community Day 2018 on Sunday, 28 January 2018, joining the traditional rickshaw races with other ACCA members ...Read More
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CW team met Zhuhai Bureau of Commerce
On 23 Jan 2018, CW’s Founding Partner Mr. Wong and his team met the staffs in Zhuhai Bureau of Commerce. As one of the essential areas of GBA, Zhuhai is also a forerunner in modern China’s reform policies. This is ...Read More
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CW team visited European Chamber in Guangzhou
Welcomed by the European Chamber in Guangzhou, CW team attended a meeting on 23 Jan 2018 with Miss Anna Rudawska. As a member of European Chamber, CW will strengthen the bonds with it to achieve a “win-win situation”. ...Read More