The OECD issues a country-by-country action plan on transfer pricing; China relaxes FX control to support corporate offshore debt servicing; and the State Bank of Vietnam has banned foreign currency transactions.
Channing P. Flynn, a tax partner at Ernst & Young, advises on how China’s technology companies should consider the location of servers, and check their tax forecasts in the cloud computing age.
Clarified import tax policies in the Shanghai free trade zone saves import tax and defers customs duty for corporates. CT asked Ernst & Young, KPMG and Deloitte how CFOs can take advantage.
Establishing a business in the newly-formed free trade zone (FTZ) in Shanghai comes with a host of benefits, including lower administration fees. CT asks the experts what companies can look forward to.
With China having issued Announcement 52 on VAT on September 13, CT spoke to key practitioners to identify how companies can take advantage of the reforms.