This update concerns the fourth amendment to the December 2017 Council agreement reached by EU-28 Finance Ministers on the EU list of non-cooperative tax jurisdictions (the ”tax haven blacklist”). More
Automating and digitising the process of compliance and fund administration, Veridate integrates and automates the four key pillars of wealth administration: client onboarding, accounting, administration, and consolidated reporting.
On 11 September, the Hong Kong SAR Government announced that the arrangement on the automatic exchange of financial account information in tax matters (AEOI) between the Chinese mainland and Hong Kong had come into effect on 6 September. More
Hong Kong and the Chinese mainland inked two new agreements on 28 June 2017, namely the Investment Agreement and the Economic Technical Cooperation Agreement (Ecotech Agreement) to progressively enrich the CEPA content over the years. The Ecotech Agreement does not cover market access commitments or substantive liberalisation measures, but set forth the direction for closer future co-operation between Hong Kong and the Chinese mainland. More
A new report from ACCA Hong Kong – the local arm of global accountancy body the Association of Chartered Certified Accountants – identifies how Hong Kong can carve its niche in the Guangdong-Hong Kong-Macao Bay Area, an ambitious plan to build a world-class city cluster by linking Hong Kong, Macau and nine cities in Guangdong Province. More
Providing accounting software for small businesses in more than 40 countries across Asia and over 180 globally, Xero aims to offer an attractive, user-friendly accounting platform that encourages small businesses to make the practice part of their daily day life, says Managing Director Alex Campbell. More
OECD said about US$6.9 trillion is needed annually to invest in infrastructure around the globe during 2016-2030 to support sustainable economic development. Indeed, there is marked increase in mainland Chinese enterprises investing in infrastructure projects under the Belt and Road Initiative. This is bound to fuel a rise in demand for professional services from mainland enterprises, generating opportunities for Hong Kong service providers. More