News

As the year comes to a close, many multinational management teams and CFOs face a familiar and challenging task: Transfer Pricing Adjustments. To executives without a finance background, this might sound simple: “Isn’t it just a matter of shifting profits around between group entities? Why does the finance team get so cautious around this time

In today’s economy, tangible assets such as factories, buildings, and machinery are no longer a company’s only source of value. Across many industries, intangible assets have become the most valuable assets within multinational groups: examples include patents for breakthrough technologies, globally recognized brands and trademarks, proprietary formulas, trade secrets, and copyrighted software. Within these multinational

In response to evolving market and business conditions, multinational groups may adjust their geographic operational footprint across various countries and regions. Groups regularly carry out mergers, acquisitions, and corporate restructurings to adapt to shifting market conditions, regulatory updates, competitive pressure and internal strategic priorities. M&A usually describes transactions that change direct ownership: one company acquiring

A dividend refers to the distribution of a company’s after-tax profits to its shareholders in proportion to their shareholding ratio. This article examines the dividend tax rules applicable in seven key jurisdictions: China Mainland, Hong Kong S.A.R., India, Italy, Singapore, the United Arab Emirates, and Vietnam. It outlines standard domestic withholding tax treatments and preferential

Multinational groups conducting cross-border related-party transactions must ensure their intercompany arrangements comply with the arm’s length principle. Transfer pricing rules apply to sales and purchase of goods, provision of services, licensing of intangible assets, and al…

Multinational groups frequently restructure their global presence, discontinuing certain businesses and winding down investment projects. While China remains a key market for many businesses, there is growing trend of restructuring and exits among foreign entities seeking to o…

Pursuant to the “Circular on Issues Concerning Treatment of Corporate Income Tax in Enterprise Restructuring Business” (Cai Shui [2009] No. 59, hereinafter “Circular 59”), the corporate income tax treatment for equity transfers can be categorized into two approache…

When a parent company receives dividends from a subsidiary, the accounting and tax treatment often don’t match. This is especially relevant for groups where an overseas parent — such as an Italian shareholder — holds a subsidiary in China. Here is a plain language breakdow…

In July 2026, the State Taxation Administration issued Announcement No. 13 of 2026, introducing new rules for the application of special tax treatment to enterprise mergers and divisions. The new rules apply to restructurings with an effective date on or after 1 January …

In 2026, China’s export tax enforcement landscape has undergone a fundamental shift. Regulatory focus has moved beyond merely cracking down on tax refund fraud to demanding answers to a deeper question: “What is the true commercial logic behind this export?” Driven by big da…

Reports have recently circulated online that Pan Shiyi and Zhang Xin of SOHO China face a huge back-tax bill on equity they placed into an offshore trust two decades ago; that Haidilao founders Zhang Yong and his wife are exposed through their own trust structure; an…

Risk Factors, the 2026 Tightening, and Practical Responses. Why Hong Kong Bank Account Applications Get Rejected: Risk Factors, the 2026 Tightening, and Practical Responses.