Friday 28 April 2017

China Updates- Intellectual Property/ Social Security


IP
SIPO (the State Intellectual Property Office of China) has introduced some new guidelines on patents, effective 1st of April, 2017. The main changes, very broadly speaking, are to extent the scope of patentability. One of the more general relaxations is to increase the range and scope of documents available for public inspection.


Social Security
A mutual arrangement between China and Finland was announced regarding exemptions for citizens of each country from certain social security deductions in the other party’s jurisdiction.




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Monday 17 April 2017

Hong Kong Updates- Salary Costs/ Employment

Salary costs
According the Hong Kong’s Census & Statistics Department, December's average wage rate grew 3.6% in nominal terms over a year earlier. Two thirds of companies reported giving salary increases, while 30% decreased salaries. 3% made no change. The overall salary rate rose 2.5% in real terms (after discounting for the main consumer price index).



Employment

There is a proposal to remove the right of employers to offset their contributions to an employee’s Mandatory Provident Fund against long service or severance payments. If and when this proposal is implemented; firstly, the change will not be of retrospective (before the implementation date) effect; secondly, the rate of severance and long service payments will be reduced from 2/3 to ½ of the monthly salary; and thirdly, the government will foot part of the employer’s extra costs.



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Primasia will post the updates of Hong Kong and China from time to time. Follow us on our WebsiteBloggerLinkedIn and stay tunned for our updates!

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Need more information?
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John Barclay -Email
Teresa Tam - Email 
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Primasia Corporate Services Limited
Tel: +852 2882 2088




Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong

Friday 7 April 2017

Record Expenses On The Go

You can easily record your expenses on the go with Xero. No more headaches caused by keeping track of your receipts! Talk to us today to know more about it!


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Need more information?
Please contact:
John Barclay -Email
Teresa Tam - Email 
--------------------------
Follow us on:
LinkedIn: Primasia
--------------------------
Primasia Corporate Services Limited
Tel: +852 2882 2088




Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong