Search

Search on all websites

Results: 35 user(s) and 1832 document(s)

09/05/2018page

Mazars launches The Next CFO, a web TV that explores the future of corporate finance departments

The Next CFO gives audiences an insider’s view into the corporate finance department of tomorrow. A first of its kind, the web TV also serves as a fresh and modern platform for CFOs from major international companies to share their vision of a rapidly changing profession.

07/05/2018page

Taste of French – Employee Cooking Workshop

Mazarians had a fantastic time making iconic French sweets and enjoying wine and foods last Friday at the Alliance Française, a French association offering French courses and organizing French cultural and social events in Hong Kong.

20/04/2018page

April 2018 (Issue No. 2) - Comprehensive Double Taxation Agreement with India

On 19 March 2018, Hong Kong concluded a comprehensive double taxation agreement (“CDTA”) with India. This brings the total number of CDTA entered by Hong Kong with other jurisdictions to 39.

19/04/2018page

Beyond the GAAP - March 2018 Issue

The year began quietly with few major developments relating to standards, but March has seen a whole series of projects coming to fruition. Some of these are highly concrete, with three very detailed decisions published by the IFRS IC on the application of IFRS 15, which we explore in our ‘A Closer Look’ feature. Others are much more conceptual, such as the publication of the IFRS Conceptual Framework, and still others are forward-looking and are prompted by the European Union’s action plans on sustainable development and the fitness of public reporting by companies.

12/04/2018page

April 2018 - The PRC SAT issued Public Note 11 to update interpretations of tax treaty articles

On 9 February 2018, the PRC State Administration of Taxation (“SAT”) issued Public Notice [2018] No. 11 (“PN No.11”). The circular updates the SAT’s interpretation of a few selected articles under Double Tax Agreements (“DTAs”) that are concluded by China and clarifies the tax treatments of partnerships.

11/04/2018page

April 2018 - Hong Kong Enacted Legislation For a Two-tiered Profits Tax Rates Regime

Inland Revenue (Amendment) (No.3) Ordinance 2018 for introducing a two-tiered profits tax rates regime was enacted on 29 March 2018. The two-tiered profits tax rates regime will be effective from the year of assessment 2018/2019 (i.e. on or after 1 April 2018).

09/04/2018page

"Coastal guardians" - Gilles-Alexandre Salansy featured in A Plus Magazine (March 2018)

Hong Kong’s geographical features make it perfect for enjoying recreational seaside activities, but this is being undermined by the common sight of coastal litter. Gilles-Alexandre Salansy, Director of Outsourcing Services at Mazars Hong Kong, was featured in the March 2018 issue of the A Plus Magazine where he talks about how he helps clean up Hong Kong’s beaches in a hands-on way.

03/04/2018page

2017 Global Media Barometer | GDPR and e-Privacy: A Major Challenge for Media Companies

Deeply involved in the Media industry and determined to provide Industry Executives with a better overview of the trends and challenges impacting the sector, Mazars publishes a yearly media barometer analyzing the financial performance and the risk factors disclosed on the annual reports of the 100 largest publicly-listed media companies in North America and Europe.

29/03/2018page

Stephen Weatherseed interviewed by the Chinese Magazine "Pursuits"

(Hong Kong, 29 March 2018) Stephen Weatherseed, Managing Director of Mazars Hong Kong was interviewed by the Chinese Magazine "Pursuits", where he was featured in the "People" section. In the interview, Stephen shared his insights on Mazars' unique integrated business model and his view of the European Business Community in Hong Kong.

29/03/2018page

“Beneficial Ownership – Further Guidance From Mainland China Tax Authority” – A Plus Magazine (March 2018)

Anthony Tam, Executive Director of Tax Services and Barbara Siu, Tax Manager at Mazars Hong Kong, were featured in the March 2018 issue of the A Plus Magazine. In the article, Anthony and Barbara analyse the new guidelines determining a beneficial owner qualification under dividends, interest and royalties articles of tax treaties.

23/03/2018page

Mazars 2018 Global Water Risk Survey

To celebrate the global water day, Mazars is glad to share the key results of the latest Mazars global water survey, focusing on the global water risks.

14/03/2018page

Beyond the GAAP - February 2018 Issue

With less than a year to go before the effective date of IFRS 16 on Leases, the report of the ANC’s (The French accounting standards setter) decisions on the duration of 3/6/9 leases, published in February, is certainly the most anticipated announcement for French entities. This is because it should enable most of them to resolve this thorny question in their plans for implementation. This decision will of course also be useful to entities with subsidiaries in France.

09/03/2018page

March 2018 - Hong Kong Issued Draft Legislation on Implementation of BEPS Action Plans

Further to its joining of the BEPS Inclusive Framework of the Organization for Economic Co-operation and Development (“OECD”) in June 2016, Hong Kong is obliged to introduce legislation to implement the various minimum standards under the OECD’s Base Erosion and Profit Shifting (“BEPS”) Action Plans1. On 29 December 2017, Inland Revenue (Amendment) (No.6) Bill 2017 (“Amendment Bill”) 2 was gazetted. The Amendment Bill covers (1) introduction of the statutory transfer pricing regime, (2) implementation of the various minimum standards under the OECD’s BEPS Action Plans and (3) revise the fees for applying for the advanced ruling.

07/03/2018page

Mazars, sponsor of the “Celebration of International Women’s Day 2018 in support of HeForShe”

We are delighted that Mazars is one of the event sponsors of the Celebration of the International Women’s Day 2018 held on 6 March 2018. Organised by the Hong Kong General Chamber of Commerce (HKGCC) and The French Chamber of Commerce and Industry in Hong Kong (FCCIHK) in partnership with the Hong Kong Exchanges and Clearing Limited (HKEX), the evening’s conference was held to celebrate the International Women’s Day and to promote gender equality under the United Nations’ global “HeForShe” initiative.

01/03/2018page

February 2018 - Beneficial Ownership – Further Guidance From China Tax Authority

In order to be able to enjoy tax treaty benefits with China, the taxpayer must be a tax resident of the jurisdiction which has entered into the tax treaty with China. In addition, in order to obtain a preferential treatment on dividends, interest, and royalties from China, the non-resident must also be the “Beneficial Owner” of such income.

28/02/2018page

Hong Kong Budget 2018/2019

The Financial Secretary, Mr Paul Chan (“Mr Chan”), presented his first budget of the current-term Government to the Legislative Council on 28 February 2018.

22/02/2018page

Transformation: Mazars Group publishes its 2016-2017 Annual Report

At Mazars, more than ever, we believe that businesses can thrive only by creating shared value for all their stakeholders. Publishing our 2017 Yearbook is a way to take stock of what we have achieved this past year. As a part of our 2016-2017 Annual Report, it also aims at providing a clear and global image of who we are and how we prepare the future. From open innovation to stewardship, from the future of the audit profession to our teams' perspective on the future, we have chosen to shed light from various angles on the notion of transformation.

20/02/2018page

Mazars announces a 12.8% revenue increase and accelerates its international expansion

Mazars' unique, integrated, international partnership continues to grow. In early January, two new countries - Colombia and Uganda - joined the partnership, which now includes 86 countries and territories. The group aims to achieve more than 2 billion euros in revenues by 2020, up from 1.5 billion euros today.

20/02/2018page

Beyond the GAAP - January 2018 Issue

Since 1 January 2018, IFRS 9 - Financial instruments and IFRS 15 - Revenue from Contracts with Customers have been effective, as the the IASB headline announced on its website on 8 January. In parallel, work to assess the impact of IFRS 9 on long-term investment is continuing at the European level, with the publication of the outcomes of a first factual analysis by EFRAG. This research has also acted as a spur to the IASB, which has followed up the EFRAG publication by issuing two presentations of its own on the contributions of IFRS standards to financial stability and long-term investment.

09/02/2018page

Mazars CSR Day with the HKS and underprivileged children

Mazars Hong Kong recently teamed up with the Hong Kong Scottish Rugby Club (HKS), of whom Mazars is the proud official sponsor, to organise a CSR Day. We invited around 20 kids and their parents from the Society for Community Organization ("SoCo"), a local NGO who is dedicated to serving underprivileged youths in Hong Kong, to the Hong Kong Observation Wheel and the AIA Carnival at Central on 8 February 2018.

09/02/2018page

February 2018 - Hong Kong to Introduce Transfer Pricing Legislation

Hong Kong has always been relying on a few provisions in its tax laws and a Departmental Interpretation Practice Note (“DIPN”) to combat tax avoidance through transfer pricing. Subsequent to joining the Organisation for Economic Co-operation and Development (“OECD”)’s inclusive framework for Base Erosion and Profit Shifting (“BEPS”) in June 2016 to counter BEPS, and publishing the outcome of the consultation exercise in July 2017, a draft bill mainly to implement key actions arising from the BEPS agenda was gazetted (Inland Revenue (Amendment) (No. 6) Bill 2017) (“Amendment Bill”) on 29 December 2017. It is expected to be passed before the summer of 2018.

09/02/2018page

August 2017 - Hong Kong Releases Consultation Report on BEPS Legislation

On 31 July 2017, the Government released the consultation report on measures to counter base erosion and profit shifting (“BEPS”) (“the Report”) following its consultation exercise towards the end of 2016. The Report indicates that the proposals in relation to transfer pricing (“TP”), country-by-country (“CbC”) reporting and dispute resolution would be introduced as laws by the end of 2017 with effect to the 2018 taxation year. Corporations would need to prepare for these changes very quickly.

09/02/2018page

May 2017 - SAT Integrating BEPS Action Plans 8 to 10 and Action Plan 14

On 17 March 2017, the State Administration of Taxation (“SAT”) released its long-awaited Bulletin on Special Tax Investigations, Adjustments and Mutual Agreement Procedures (“Bulletin 6”), thus largely completing the revision of the transfer pricing specific clauses of the old Circular 2 concerning Special Tax Adjustments.

09/02/2018page

July 2016 - SAT Issued new rules on reporting of related party transactions and contemporaneous documentation

On 29 June 2016, the State Administration of Taxation (SAT) issued the Public Notice Regarding Refining the Reporting of Related Party Transactions and Administration of Transfer Pricing Documentation (SAT Public Notice [2016] No. 42, hereinafter referred to as “Bulletin 42”). Bulletin 42 provides new transfer pricing compliance requirements in China, including Annual Reporting Forms for Related Party Transaction (“RPT Forms”), Country- by-Country Reporting (“CbCR”), and Transfer Pricing Documentation (“TPD”).

09/02/2018page

January 2018 - New Requirements on Hong Kong Companies come into force on 1 March 2018

On 24 January 2018, the Companies (Amendment) Ordinance 2018 (“Amendment Ordinance”) and the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Ordinance 2018 were endorsed by Legislative Council for the purposes of (1) increasing transparency in the beneficial ownership of Hong Kong companies and (2) extending the customer due diligence and relevant record-keeping requirements to designated non-financial businesses and professions in order to fulfill Hong Kong’s international obligations.