IS YOUR PROFESSIONAL COMPANY SECRETARY A QUALIFIED ONE?

According to Section 154 of Hong Kong Company Ordinance, every company must appoint a Company Secretary. Along with this article, you can see the importance of a company secretary for every Limited Companies in Hong Kong. In fact, many of the Limited Companies do not know if they have hired a QUALIFIED professional company secretary to help …

CHINA INVOICING SYSTEM WITH ELECTRONIC FAPIAO

What is Fapiao? Other than invoice, fapiao is a legal receipt that serves as proof of purchase for goods and services. Nevertheless, it is an essential component of China’s tax law, and compliance for businesses.  Development of Digitalized Fapiao  July 2019 The State Administration of Taxation announced the preparation of Digitalised platform October 2019 Launched online …

MANAGING YOUR INVENTORY AND ACCOUNTING WORK

Measuring inventory accurately is essential to a success business operation. Without keeping an accurate record, you risk upsetting your customers as well as increasing the cost of carrying more products then your customers need. Ultimately, you will suffer from losing profit. On the other hand, when the goods records are well kept with true accuracy, …

Hong Kong Economic and Trade Office in Guangdong (GDETO)

Investors hesitated mostly when starting a business in China, including lots of companies that are setup Hong Kong . In general, they don’t have enough and all rounded information about the policies and regulations about businesses in China. In the past few years, Hong Kong Government is setting up the Hong Kong Economic and Trade …

HONG KONG ENTREPRENEURS’ TAX REPORTING DURING PANDEMIC

The Organisation for Economic Co-Operation and Development (OECD) published an analysis entitled “OECD” Secretariat Analysis of Tax Treaty and the Impact of the COVID-19 Crisis”. (OECD Analysis). The OECD Analysis provides guidance on cross-border tax issues arising from the COVID-19 pandemic. The analysis mentioned the lead to creation of PERMANENT ESTABLISHMENT or change in the …