In this episode Richard Cook and Amy Ling discuss how the inclusion of holiday pay in the government’s proposed single enforcement body remit is expected to put employers under increased scrutiny as they handle arrangements in this sensitive, and often tricky, area to navigate.

In brief The State Administration of Foreign Exchange (SAFE) recently released the Service Trade Foreign Exchange Management Policy Q&A (part 2)1. SAFE provided clarifications on the bank procedures for processing foreign exchange payments and receipts for transfer pricing (TP) adjustments (hereinafter referred to as “Clarification”). Contents Key takeaways Background Overview…

In brief The State Administration of Foreign Exchange (SAFE) recently released the Service Trade Foreign Exchange Management Policy Q&A (part 2)1. SAFE provided clarifications on the bank procedures for processing foreign exchange payments and receipts for transfer pricing (TP) adjustments (hereinafter referred to as “Clarification”). Contents Key takeaways Background Overview…

Our Hong Kong and China employment teams covered important changes and trends in employment law over the past year. Hong Kong Topics under the employment legislative update include maternity leave, updates to anti-discrimination legislation, statutory holidays, MPF setoff and immigration updates. The team also shared some case studies and discussed…

Your labour issues resolved – Employment | Immigration | Tax | Pension Having become the world’s second largest economy in 2010, the People’s Republic of China (“PRC”) remains a key market that every multinational company targets for investment. Like many other countries in the world, its immigration policy strives to…

On 13 July 2016, the State Administration of Taxation finally released the long-awaited Bulletin 421 to revise the transfer pricing documentation requirements under Circular 22.