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10/10/2018page

Integrated Reporting: Towards a Global Adoption?

Integrated Reporting applies principles and concepts that are focused on bringing greater cohesion and efficiency to the reporting process, and adopting ‘integrated thinking’ as a way of breaking down internal silos and reducing duplication. The Framework has been tested and assessed during these past three years and significant ‘breakthroughs’ have been achieved. Our present paper, therefore, aims to illustrate the insurance industry trends and marks the end of the “Breakthrough Phase”.

05/10/2018page

“Caught in the crossfire” – A Plus Magazine (September 2018)

Anthony Tam, Executive Director of Tax Services was interviewed by A Plus to talk about his view on the US-China trade war's impact on Hong Kong, where he was featured in the article "Caught in the crossfire" from the September 2018 issue of the A Plus Magazine.

02/10/2018page

Beyond the GAAP - July/August 2018

This issue of Beyond the GAAP brings a piece of good news for our readers, as we all return to work following a well-deserved break: our financial instruments experts have saved you some effort by reading and summarising the IASB’s particularly dense Discussion Paper on the classification of financial instruments as liabilities or equity, published at the beginning of the summer. See our ‘A Closer Look’ feature for our summary of the DP.

27/09/2018page

Mazars Hong Kong Sponsors the HKIoD Directors' Symposium 2018

Mazars Hong Kong was the Gold Sponsor of the HKIoD Directors' Symposium 2018: Leadership in Times of Changes, which was held on Thursday, 20 September 2018 at the HKEX Connect Hall.

14/09/2018page

#MOVE2021: Mazars Town Hall 2018

Mazars Hong Kong’s future vision and its ambitions of growth were on full display at this year’s Town Hall, an informative Forum with everyone at Mazars where Mazarians have the opportunity to hear the update on our recent achievements, activities, future plans, and ask questions of the firm’s management. Under the theme of “#MOVE2021”, the Forum took place at the NOVOTEL Century Hong Kong Hotel on September 12, 2018.

10/09/2018page

Using the SDGs to Add Value to Business

When the 17 Sustainable Development Goals (SDGs) and the 169 targets were launched, the message was clear to all stakeholders of the world – governments, regulators, companies, and populations – we need to do more to protect the world for future generations. So where are we now, and how are companies reacting to this brave new world? Mazars’ Global Sustainability Leadership Team explores this and more in the Global Goals Yearbook 2018.

10/09/2018page

September 2018 - The PRC Law on Individual Income Tax (“IIT”) Amendments Approved

On 31 August, the Standing Committee of China’s National People’s Congress formally approved the Amendments to the PRC Law on IIT (the “Amendments”).

03/09/2018page

Karen Yim interviewed by the Hong Kong Economic Journal

(Hong Kong, 3 September 2018) Karen Yim, Mazars Hong Kong Tax Senior Manager was interviewed by the Hong Kong Economic Journal (信報), where she talks about under what circumstances will the Inland Revenue Department (IRD) conduct field audits and tax investigations on business and individuals where tax evasion and avoidance is suspected.

24/08/2018page

Stephen Weatherseed and Edmund Chan interviewed by the local Chinese Newspaper "Ming Pao"

(Hong Kong, 20 August 2018) Mazars Hong Kong Managing Director, Stephen Weatherseed and Head of Audit, Edmund Chan were interviewed by the local Hong Kong Chinese newspaper ''MingPao'' (明報), where they were featured in the "Business" section. In the interview, Stephen and Edmund discussed their views on the China-HK IPO markets and trends of cross-border transactions. They also shared their insights on the ethical responsibility of Auditors.

03/08/2018page

European Insurers' IFRS 9 Benchmark Study

The new standard IFRS 9 on financial instruments has been effective starting 1st January 2018 for most entities but insurance groups have the possibility to defer its application to 2021, the year when the new standard IFRS 17 on insurance contracts will enter into force.

27/07/2018page

July 2018 - The Transfer Pricing and BEPS Legislation Passed in Hong Kong

The legislation to (1) introduce the statutory transfer pricing regime, and (2) implement the various minimum standards under the OECD’s Base Erosion and Profit Shifting (“BEPS”) Action Plans, Inland Revenue (Amendment) (No.6) Ordinance 2018 ( the “Bill”) was passed by the Legislative Council on 4 July 2018. Please refer to our February and March 2018 Hong Kong Tax News on the background leading to the then draft legislation (the “Draft Bill”).

27/07/2018page

Benchmark Study on Reinsurers’ Financial Communication

Reinsurance, also known as the “ insurers’ insurance ”, plays a key role in the global market economy today. Several factors, such as the strengthening of capital requirements, the increasing level of significant NAT CAT events or the need for optimal coverage is increasing the need for reinsurance.

26/07/2018page

July 2018 - The Transfer Pricing and BEPS Legislation Passed in Hong Kong

The legislation to (1) introduce the statutory transfer pricing regime, and (2) implement the various minimum standards under the OECD’s Base Erosion and Profit Shifting (“BEPS”) Action Plans, Inland Revenue (Amendment) (No.6) Ordinance 2018 ( the “Bill”) was passed by the Legislative Council on 4 July 2018. Please refer to our February and March 2018 Hong Kong Tax News on the background leading to the then draft legislation (the “Draft Bill”).

23/07/2018page

Beyond the GAAP - June 2018 Issue

After focusing on half-yearly reporting and on IFRS 15 and IFRS 9 in our last edition, this month’s special study presents a Benchmark on disclosures by entities at 31 December 2017 on the future impact of IFRS 16. The level of information provided varies greatly, and, unsurprisingly, is on average rather limited. It is as well to remember that entities should expand these disclosures at 30 June 2018.

03/07/2018page

2018 Global Ecommerce Reports

Business solutions in the face of new challenges brought on by ecommerce

26/06/2018page

Beyond the GAAP - May 2018 Issue

Target: the half-year accounts! With the disclosures required by the two standards that came into force on 1 January 2018 and the full list of applicable texts, three ‘A Closer look’ studies will support you in their preparation.

01/06/2018page

May 2018 - Enhanced Deduction for R&D Expenditures Introduced in Hong Kong

To encourage enterprises to invest in R&D in Hong Kong and to promote local R&D activities, the Hong Kong government proposed in the 2017 Policy Address to introduce an enhanced tax deduction for R&D expenditure.

25/05/2018page

Mazars Hong Kong IPO seminar in Wuhan

Fung Shiu Hang and Paul She, Audit & Assurance Practising Directors of Mazars Hong Kong, attended the seminar of Initial Public Offerings (IPO) in Wuhan at Zhongshen Zhonghuan ’s  headquarter and gave a training presentation to their colleagues on 17 May 2018.

25/05/2018page

Beyond the GAAP - April 2018 Issue

Again this month IFRS 9 and IFRS 15 take centre stage in our highlights as they are the focus of attention for market regulators and the Monitoring Board of the IFRS Foundation.

25/05/2018page

Mazars Business Development Accelerator Programme 1st Training Session in Hong Kong

The first training session of the Mazars Regional Business Development Accelerator Programme was held on 23-24 May 2018 in Hong Kong.

24/05/2018page

Anthony Tam as moderator in the China Tax Conference 2018

Anthony Tam, Member of HKICPA China Tax Subcommittee and Executive Director, Executive Director of Mazars Hong Kong, was the panel discussion moderator in the China Tax Conference 2018 organized by Hong Kong Institute of Certified Public Accountants (HKICPA), which was held on 19 May 2018 at the Ritz-Carlton Hong Kong.

23/05/2018page

Stephen Weatherseed at License Agreement Signing Ceremony in Wuhan

Mazars CPA Limited (Hong Kong), the member of the Mazars Group, has changed the Chinese name from “瑪澤會計師事務所有限公司” to “中審眾環 (香港) 會計師事務所有限公司”. The license agreement signing ceremony was held on 17 May 2018 at the ZhongShen ZhongHuan (ZSZH) Certified Public Accountants (Special General Partnership) (中审众环会计师事务所(特殊普通合伙)) headquarters in Wuhan.

17/05/2018page

Mazars CPA Limited's Chinese Name Change

15/05/2018page

2018 Mazars Global Automotive Study

Mazars automotive expert community, together with the industry experts from IHS, are pleased to present the 2018 global study on sustainable mobility.

15/05/2018page

Paul She was on the Judging Panel for the HKICPA Accounting and Business Management Case Competition 2017-18

Paul She, Practising Director of Mazars Hong Kong as well as the Deputy Chairman of the Qualification and Examinations Board of the HKICPA, was one of the adjudicators for the 2017-2018 HKICPA Accounting and Business Management Case Competition. The Competition and the Award Ceremony was held on 28 April 2018 at the HKICPA Auditorium. This year, there were more than 470 teams with 1,762 students from around 150 secondary schools in Hong Kong participated in the competition.