China Updates- Tax

Tax
On March 5^th, at the fifth session of the 12th National People’s Congress (NPC), Premier Li Keqiang spoke on the Chinese government’s plans for the next year (in addition to reviewing the achievements of the previous year). The main fiscal tasks for 2017 include:

1. simplifying the VAT rate categories,
2. increasing the percentage of  R&D expenses’ “super deduction” for Corporate Income Tax (CIT) for SMEs,
3. lowering the level at which qualified small and thin-profit enterprises qualify for CIT preferential treatments,
4. continuing to standardise and eliminate the “non-tax [i.e. administrative] burden” of SMEs.   

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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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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

Great news – Primasia Corporate Services Limited is now a Xero Bronze Partner Primasia is proud to announce that we are an official Xero Bronze Partner. We aim at making it easier for you to manage your business finances with Xero. What is Xero ? Xero is an easy to use but powerful online accounting software that's designed specifically for small business Xero provides a view of financial information in real time Xero has a full suite of accounting features such as invoicing, payables, expense claims, reporting and much more No installation, no manual backups and maintenance, no additional software. All updates and new features are available to you when you next login. Privacy and security of your data is taken care of and is stored on Xero's secure servers. With Xero, you can: invite a number of trusted people such as ourselves to collaborate online and manage your accounts check your bills, issue invoices, see all business data anytime whenever and wherever your connect to the internet tailor-make financial reports   What is Virtual CFO ? Commentary & feedback on financial performance Update income and expenditure projections and cashflow monitoring Ongoing communication with management on financial performance and improvement opportunities Virtual CFO is more than bookkeeping services. What can we do for you? As a Xero Bronze Partner we are able to offer a full range of services from monthly/ quarterly/yearly bookkeeping to Virtual CFO, our team can act as your outsourced financial function in Hong Kong. We are offering free demonstrations and trials of Xero to our clients this month. For more information please call us and we’ll arrange a suitable time. ================================================================= 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

Hong Kong Updates- Employment

Employment
The District Court in Hong Kong held that it was discriminatory to require an employee to take a pregnancy test and to inform the employer of the result.

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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

The Primasia Carvery Evening 2017

Our Annual Carvery Event was held at the Foreign Correspondents’ Club (FCC) on 28^th February. 

We had a fabulous evening with around 200 professionals attending from different industries. Hope to see you all next year﹗

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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

The Primasia App is on the Apple Store

We are pleased to announced that our app is available on the Apple Store. The app will soon be available on the Android market as well. Our app contains information and facts about Hong Kong and China business rules as well as our monthly newsletters in both text and audio versions. We will keep on developing the app to make it better and better. Download our app and stay tuned for the latest news coming up! Here is the sneak peek of our app: When you click the "Navigation button", a list of content will be shown on the left hand side. Please feel free to let us know if you have any feedback on our app. We would love to hear from you.

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