Given the constantly changing regulatory requirements set by Chinese authorities, companies should be vigilant about fulfilling their annual compliance obligations. In this blog post we highlight the three steps towards the annual compliance for the Foreign invested enterprises (FIEs).
Hong Kong’s amended foreign source income exemption (FSIE) regime, which comes into effect in 2023, has been making waves in the business community. The new regime will allow qualifying MNCs to enjoy a tax exemption on certain categories of foreign-sourced income.