Hong Kong laws governing the taxation procedure for passive income from foreign sources were amended. Requirements for exemption from the corporate tax were supplemented by the economic substance requirement for the companies that meet the criteria specified in the law.
Anna Senchenko, LL. M.
Anna Senchenko, LL. M.
Leading Lawyer
Tax and Legal Practice
Korpus Prava (Russia)
Autors Articles
CHALLENGES / OPPORTUNITIES changes in Hong Kong taxation
Even If You Sit on the Stream Bottom, You Cannot Be a Fish
On July 5, 2016, the European Commission published a document-proposal with amendments to the Fourth EU Directive on the prevention of the use of the financial system for money laundering or terrorism financing purposes, known as 4AML.
Legal design in working with agreements
The first and most noticeable part of Legal design is the form, i.e. the way the document looks. Earlier on, more attention was paid to decorating a document: complex font, beautiful thick paper, and other ‘high status’ elements. But now, in the age of digitalization, the focus has shifted [...]
CRS Draft Law Overview
On November 4, 2014, Russia has ratified the OECD Multilateral Convention on Mutual Administrative Assistance in Tax Matters. The Convention, which entered into force in the territory of the Russian Federation on July 1, 2015, provides a legal basis for all kinds of tax information exchange among its members.
