China Updates- Public Holidays in China

For our clients with China business, please note the following provisional public holidays (excluding those that fall on a weekend) for 2017 in China.

2nd January	New Year Holiday
27th January	Chinese New Year's Eve
30th January to 2nd February	Spring Festival
2nd to 4th April	Ching Ming Festival
1st May	Labour Day
29th to 30th May	Tuen Ng Festival / Dragon Boat Festival

2nd to 6th October                  National Day/Mid-Autumn

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

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Need more information?

Please contact:

John Barclay -Email

Teresa Tam - Email 

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Follow us on:

Website: Primasia HK / Primasia China

LinkedIn: Primasia

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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

Hong Kong Updates- Tax

Hong Kong’s Inland Revenue Department has issued a Departmental Interpretation and Practice Note (number 51) regarding profits tax exemption for offshore funds.

The original legislation was the Revenue (Profits Tax Exemption for Offshore Funds) Ordinance of 2006, which provided a profits tax exemption, while the Inland Revenue (Amendment) (No. 2) Ordinance of 2015 was enacted to extend this exemption to offshore private equity funds. The Practice Note sets out the IRD’s interpretation and practice in relation to the 2015 Ordinance.   

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

===================================================================

Need more information?

Please contact:

John Barclay -Email

Teresa Tam - Email 

--------------------------

Follow us on:

Website: Primasia HK / Primasia China

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