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In early March 2026, tax authorities across multiple regions launched a special tax investigation campaign targeting the international freight forwarding sector. The industry is now subject to a nationwide, systematic tax enforcement initiative, focusing on violations including the abuse of tax exemption incentives, private-account collections, and improper mixed accounting. This signals a pivotal industry transition from extensive, loosely regulated operations to compliance-driven sustainability. 1. Background Recently, the Shenzhen Municipal Taxation Bureau issued tax audit notices to a number of international freight forwarders in its jurisdiction, highlighting the long-standing misuse of the VAT exemption policy for international freight agency services and requiring companies to conduct self-inspections and rectify suspected irregular invoicing.… Continue reading Tax Alert:Nationwide Tax Inspection Sweeps Through the Freight Forwarding Industry

In his Budget delivered on 25 February 2026, the Financial Secretary of HKSAR proposed the following major measures: 1. Actively Align with the National 15th Five-Year Plan Contribute to the country’s modernized industrial system and technological self-reliance; Actively participate in the country’s high-level two-way opening up; Attract high-calibre international talents 2. Life and health technology International Clinical Trial Academy to be established in 2027; $500 million injection for Chinese Medicine Development Fund to support strategic research, training and international publicity 3. Driving AI+ Development Establish Committee on AI+ and Industry Development Strategy to transform industries; Provide $50 million to help public organisations, tech enterprises and tertiary institutions set up AI… Continue reading MAJOR MEASURES PROPOSED IN 2026-27 BUDGET

Kung Hei Fat Choy 恭喜發財 ✨! We would like to wish you and your family good health, prosperity, and happiness in the Year of the Horse in 2026! Thank you for your support and cooperation over the past year and we look forward to continuing our collaboration in the new year 🤝! CWCC 仝人恭祝各位客戶朋友，在新的一年裡： 身體健康，事業騰飛，家庭幸福，馬年行大運 ✨！ 感謝您過去一年對我司的支持與厚愛，CWCC 期待在新的一年裡與您繼續攜手共進 🤝！ Best Regards, CWCC Advisory and Corporate Services

In his Budget delivered on 26 February 2025, the Financial Secretary of HKSAR proposed the following major measures: 1. Innovation and Technology AI subsidy scheme by HKSAR. The Hong Kong Monetary Authority (HKMA) and Cyberport launched a new Generative Artificial Intelligence Sandbox to foster innovation in the banking industry and unleash the potential of AI. Establishment of a dedicated “Technology Enterprises Channel” (TECH) by HKEX to facilitate the relevant companies in preparing for listing applications. Intellectual property (IP) is an important foundation for the development of emerging industries.  In addition to obtaining IP rights through local research and development, enterprises will also purchase related rights to use IP.  HKSAR will… Continue reading 2025-2026年度財政予算案の主な措置

Dear Client, Kung Hei Fat Choy 恭喜發財✨! We would like to wish you and your family good health, prosperity, and happiness in the year of the Snake in 2025! Thank you for your support and cooperation over the past year and we look forward to continuing our collaboration in the new year🤝!   CWCC仝人恭祝各位客戶朋友， 在新的一年里，身体健康，事业腾飞，家庭幸福，蛇年行大运✨！ 感谢您过去一年对我司的支持与厚爱，CWCC期待在新的一年里与您继续携手共进🤝！

🎄Season’s Greetings from CWCC🎄   Dear clients and friends, As the year comes to a close, we would like to extend our heartfelt thanks for your continued support and trust throughout the year. We wish you and your families all the best this Christmas and in the coming New Year🎅.   🎄来自CWCC的冬日祝福🎄 亲爱的客户朋友︰ 岁末将至，敬颂冬绥。 我们衷心地感谢您在这一年里给予我司的支持与厚爱。 祝您和您的家人享有一个愉快的假期，愿您在新的一年中，身体健康，平安顺遂，事业兴旺🎅。  

In his Budget delivered on 28 February 2024, the Financial Secretary of HKSAR proposed the following major measures: 1. Property Market Cancel Special Stamp Duty, Buyer’s Stamp Duty and New Residential Stamp Duty for residential properties with immediate effect. Further relax countercyclical macroprudential measures for property mortgage loans and adjust other supervisory policies for property lending. 2. Reducing profits tax, salaries tax and tax under personal assessment for the year of assessment 2023/24 One-off reduction of profits tax, salaries tax and tax under personal assessment for the year of assessment 2023/24 by 100%, subject to a ceiling of $3,000 per case. The proposed tax reduction is not applicable to property… Continue reading 2024-25年度予算に提案された主な施策

In his Policy Address delivered on 25 October 2023, the Chief Executive of HKSAR proposed the following major measures:   2023 POLICY ADDRESS – TAX-RELATED POLICY MEASURES (ON INDIVIDUALS) To promote fertility and create a children-friendly environment, the following tax measures under salaries tax and personal assessment will take effect from the year of assessment 2024/25: Raising the deduction ceiling for home loan interest or domestic rents from the current $100,000 to $120,000 for taxpayers who reside with his / her first child born on or after 25 October 2023, until the child reaches the age of 18. Providing deduction for expenses on assisted reproductive services, subject to the ceiling… Continue reading 2023 Policy Address Highlights

Our firm was invited by the Hong Kong Institute of Certified Public Accountants to attend the QP Top Student Award and Scholarship Presentation Ceremony held on 23 September 2023. Ms. Vangie Wong (5th from left in the above photo), manager from assurance service, represented our firm to attend the event.   本所應香港會計師公會邀請，出席於2023年9月23日舉行的QP優異學生獎及獎學金頒獎典禮。 審計服務部經理黃韻芝小姐（圖中左五）代表本所出席了這場活動。   香港公認会計士協会より招待を受け、2023年9月23日に開催されたQP Top Student Award and Scholarship Presentation Ceremonyに出席させて頂きました。 監査部門マネージャーであるヴァンジー・ウォン（上記写真の左から5番目）が弊所の代表として出席致しました。

“2”- Attracting investments for two key areas, manufacturing and headquarter enterprise. Focusing on the development of 20 strategic industrial cluster and higher-level headquarter economy. “1” – One set of combined supportive policies, including financial incentive, taxation, technological innovation, finance, land use, energy use, employment, environmental protection, etc. Regarding financial incentive policy, Guangdong has issued two representative policies, “Ten Policies for Foreign Investment” and “Ten Policies for Manufacturing”: – Incentive will be offered to the new projects established in Guangdong with an annual actual foreign investment amount exceeding USD50 million (except for projects in the real estate industry, financial industry and quasi-financial industry) and projects with capital increment amount exceeding USD30… Continue reading “2+1” Policy – Global Investment Promotion Policy