Find Azure Group China on WeChat

Posted by Azure Group on 23-Jun-2015 11:05:00

With over 569 million users on WeChat we value this social tool and have created an Azure Group China WeChat account to stay connected with our clients. 

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Topics: China

Non-Final Withholding Tax for Foreigners

Posted by Stephanie Liu on 13-Jun-2015 11:37:00

The Australian government has proposed a non-final withholding tax regime for disposals of taxable Australian assets by foreign residents. The measure will require the purchaser to withhold 10% withholding tax from the purchase price (the foreign seller’s proceeds) and remit it to the ATO. This measure will not apply to residential property transactions of less than $2.5 million. It is expected the measure will apply from 1 July 2016. 

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Topics: China

Loosening rules for foreign banks in China

Posted by Stephanie Liu on 06-Jan-2015 11:12:00
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Topics: China

Beware- the consequences of tax risk in the Chinese market

Posted by Stephanie Liu on 26-Nov-2014 10:33:00

What is tax risk?

Tax risk refers to the potential economic loss that may arise when a taxpayer fails to comply with tax regulations. To put it simply, tax risk is a constant problem for taxpayers because it is a risk that is inherent to the ordinary operations and management of a business.

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Topics: China

New depreciation incentives offered to businesses in China

Posted by Stephanie Liu on 20-Oct-2014 11:28:00

On 24th September, PRC Premier Li Keqiang chaired a State Council executive meeting, he urged the deployment of accelerated depreciation policy of fixed assets to promote business technological transformation and support SME innovation. He decided to further open domestic express delivery market, and promote fair and orderly competition among foreign and local businesses. 

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Topics: China

China's new administration rules to facilitate more outbound investment

Posted by Stephanie Liu on 30-Sep-2014 10:42:00

According to the latest news from the Ministry of Commerce (MOFCOM) of PRC, the government has enacted new amendments to the Measures for Administration of Chinese Outbound Investment on 9 September 2014. The new measures will put an emphasis on a Filing Focused Administration System and use the Approval Based System as supplement to simplify outbound investment process to the greatest extent.

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Topics: China

New china DTA with France and Germany

Posted by Stephanie Liu on 27-Aug-2014 11:18:00

New China – France DTA (26 Nov 2013)

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Topics: China

New China company law – Good news for small to medium size foreign investors

Posted by Stephanie Liu on 08-Aug-2014 11:15:00

On 28 December 2013, the 12th Standing Committee of National People's Congress decided to make the fourth major changes to the Company Law of the People’s Republic of China. The New Company Law aimed to reform the existing company establishment system, streamline the registration formalities and relaxing the capital threshold for setting up a company in China. 

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Topics: China

Impact of the last 3 years federal budget on foreign property investors

Posted by Stephanie Liu on 08-Aug-2014 11:08:00

As more and more Chinese investors now favor to Australian Real Estate and business investment opportunities, the changes of each Australian Financial Budget has become important information to them. With the release of latest 2015 Australian budget, Azure Group takes this opportunity and summarized a couple of key budget changes from the past three years that might have impact on foreign investors decision.                              

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Topics: China

China Tax Knowledge for Foreign Expats in China

Posted by Stephanie Liu on 29-Apr-2014 10:39:00

When working in China, it is essential you ensure your tax affairs comply with the local rules and regulations. Failure to do so means that you are breaking the law and that can result in heavy penalties. This article aims to provide foreign expats basic knowledge and some planning tips regarding your China individual income tax obligation.

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Topics: China