ChinaLux News

ChinaLux News (172)

Wednesday, 24 September 2014 15:38

ZTE, comes out of the shadows on it own name


ZTE one of the world's largest mobile phone manufacturers, is a quiet giant ready to conquer Europe with Join as a Luxembourg partner (seen on ITNation - article in FRENCH).


Tuesday, 23 September 2014 09:01

Graphic: Alibaba's Big Deal

And yes, we will also talk about Alibaba's IPO, the news of the month. Caixin has published a very useful "cheat sheet" that will provide you with at-a-glance facts and figures underlining the basic central concept defining the e-commerce giant: PROFITABILITY.

Availability of skilled personnel, regulatory environment, access to financial markets and availability of business infrastructure are the factors that have put the Grand Duchy at the top of the Eurozone league.

Multinational companies doing business in China, may see a number of the earlier practical impediments to claiming VAT exemption now being resolved. CHINALUX Founder Member KPMG, releases new tax alert on VAT exemption for exported services based on a recent announcement by Chinese tax authorities.

CHINALUX Founder Member KPMG, has put together a tax alert on the latest guidance by SAT for voluntary "self-adjustments". This new policy will be used to address tax anti-avoidance issues in China,

Repot by CHINALUX Founder Member KPMG: EU and national authorities prevented losses of over €80 million in customs duties, during a joint customs operation coordinated by the European Anti-Fraud Office (OLAF) and also involving China Customs.

This joint customs operation specifically targeted the undervaluation of imported goods.

This Asian Investor article (paywall after 48 hours of original publicaiton), echoes the intersting discussions that took place at their China Investment Forum reavealing opportunities for thrid party managers and consultants

The Hong Kong Board of Review issued a decision concerning whether fees earned by director of a company incorporated offshore but listed in Hong Kong were subject to the salaries tax in Hong Kong.

The tribunal examined factors such as what was the location of the company’s management and control, and based on this investigation, concluded that these were located in Hong Kong. Accordingly, the director’s fees were subject to tax in Hong Kong.

CHINALUX Founder Member KPMG, have put together a summary of this interesting case.