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Siamo una società leader nel fornire servizi di valore aggiunto in ambito contabile, fiscale e amministrativo a società internazionali operanti nella Repubblica Popolare Cinese e Hong Kong.

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Grazie a un team internazionale di oltre 80 professionisti e 5 sedi, lavoriamo fianco a fianco con i nostri clienti, non solo su questioni di particolare rilevanza ma anche sulle loro necessità operative quotidiane.

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Check our February news to know about Expansion of Tax Incentives for Advanced Technology Service Enterprises, Lifts of Bans on Foreign Investments in FTZ, etc...

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Esperienza in Loco

La lunga esperienza nella Repubblica Popolare Cinese e a Hong Kong ci ha permesso di acquisire le competenze ed instaurare le relazioni necessarie per affrontare al meglio le complessità operative legate agli affari in entrambi i territori.

Soluzioni Flessibili in un Ambiente Dinamico

In un continente esteso e complesso come quello asiatico, la struttura organizzazionale di C&A Advisors permette ai propri professionisti di fornire servizi di assistenza in ambiti e aree geografiche differenti.

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News

Profits to Overseas Investors Used for Direct Investment now Free from Withholding Tax

Profits to Overseas Investors Used for Direct Investment now Free from Withholding Tax

The Circular states that, where profits distributed by a resident enterprise within the territory of China to an overseas investor are used by such investor for direct investment into the encouraged-category of investment projects in the PRC, the tax deferral policy shall apply, without the collection of the withdrawing tax on a temporary basis, if relevant requirements are fulfilled.

Overseas investors temporarily not subject to the withholding tax must meet four requirements, whereby it is also specified the relevant "profits obtained by the overseas investor are returns of equity investment, such as dividends and bonus, generated from retained income that has been actually distributed by the Chinese resident enterprise to the investor".

Furthermore, the Circular states that, if an overseas investor is eligible for but does not enjoy such preferential policy in fact, it could file an application for enjoying the policy within three years from the date the relevant tax payment is made in practice, and the amount of tax paid will be refunded.

Mar 01,2018
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The Circular states that, where profits distributed by a resident enterprise within the territory of China to an overseas investor are used by such investor for direct investment into the encouraged-category of investment projects in the PRC, the tax deferral policy shall apply, without the collection of the withdrawing tax on a temporary basis, if relevant requirements are fulfilled.

Overseas investors temporarily not subject to the withholding tax must meet four requirements, whereby it is...

Expansion of Tax Incentive for Advanced Technology Service Enterprises Nationwide

Expansion of Tax Incentive for Advanced Technology Service Enterprises Nationwide

To further stimulate the growth of foreign capital and create a higher level of open environment for foreign investors, in August 2017 the Circular of the State Council on Several Measures to Boost the Growth of Foreign Investment (Guo Fa [2017] No.39) addressed 22 Measures, setting forth a series of objectives for formulating fiscal and tax incentives, including: extending the Corporate Income Tax (CIT) incentives for Technological Advanced Service Enterprises (TASEs) in China.

The Circular Cai Shui [2017] n.79 has been recently released as a further step, to extend this CIT incentive nationwide effective retroactively from 1 January 2017, it will allow more high-tech and high value-added service enterprises to enjoy the preferential tax policies.

The incentive includes the following:

·         Advanced technology service enterprises are subject to enterprise income tax (EIT) at a rate of 15% (the statutory rate being 25%); and

·         A deduction applies to employees’ education expenditure (up to 8% of the total salary and wages), provided that certain requirements are met.

The services that are eligible for the incentive include:

·         Information technology outsourcing (ITO): software development, information technology development services, information systems operation and maintenance;

·         Technical business process outsourcing (BPO): business process design services, business operations management, operation services, supply chain management services; and

·         Knowledge process outsourcing (KPO): research on intellectual property, research and development and testing of pharmaceutical and biotechnological products, product research and

          development, industrial design, analytics and data mining, design and development of animation and online games, education development course, engineering design, etc.

Previously, the tax incentive was applicable only to certain designated cities, such as Beijing, Tianjin, Dalian, Harbin, Daqing, Shanghai, Nanjing, Suzhou, Wuxi, Hangzhou, Hefei, Nanchang, Xiamen, Jinan, Wuhan, Changsha, Guangzhou, Shenzhen, Chongqing, Chengdu and Xian.

Mar 01,2018
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To further stimulate the growth of foreign capital and create a higher level of open environment for foreign investors, in August 2017 the Circular of the State Council on Several Measures to Boost the Growth of Foreign Investment (Guo Fa [2017] No.39) addressed 22 Measures, setting forth a series of objectives...

New Deadlines for China Work Permits Renewals

New Deadlines for China Work Permits Renewals

According to the Announcement of the State Administration of Foreign Experts Affairs (SAFEA), all foreigners are required to submit their application for Chinese work permit renewal 30 days ahead of the expiration of their permits. Those who fail to comply will be denied renewal and must start a new application for a work permit.

The Announcement was issued by the SAFEA, not the regional Foreign Experts Bureau, so it applies to any city in China. Under the new regulation, every applicant should clearly know how many days one should prepare for work permit renewal before the current permit expires. Persons applying only a few days before their expiration date for a work permit renewal will absolutely be unable to work.

Applicants should leave sufficient time for the work permit renewal (2-3 months are recommended). Also, preparing documents in advance is recommended. For work permit renewals, proof of non-criminal record and supportive documentation for working experience in an overseas country are not needed; others requirement are the same as for first-time applications.

According to the Announcement...

China Lifts Foreign Investment Bans in Chinese FTZ

China Lifts Foreign Investment Bans in Chinese FTZ

According to the recently published regulation, certain restrictions have been lifted in the free trade zones in China and, among others, there are major developments in the entertainment sector.

We list some below for your reference (from the Appendix  - Catalogue of Certain Provisions of the Relevant Administrative Regulations, Documents of the State Council and Departmental Rules Approved by the State Council that the State Council Decides to Temporarily Adjust within Pilot Free Trade Zones):

2. Regulations on the Administration of Printing Industry

Allow the establishment of enterprises with foreign investment engaged in the operations of printing other printed matters with the relevant administrative measures to be formulated by the competent department of press and publication under the State Council. 

5. Regulations on the Administration of Entertainment Places

Suspend the implementation of the related contents and allow the establishment of solely foreign-funded entertainment places which may provide services in pilot free trade zones, with the relevant administrative measures to be formulated by the competent culture department under the State Council. 

7. Regulations on Travel Agencies

Suspend the implementation of the related contents and allow qualified Sino-foreign equity travel agencies registered within pilot free trade zones to engage in providing outbound tourism (other than to Taiwan) business services to Chinese mainland residents, with the relevant administrative measures to be formulated by the competent travel department under the State Council.  

12. Catalogue for the Guidance of Foreign Investment Industries (Revised in 2017) 

Suspend the implementation of the related contents and allow foreign investors to engage in the design, manufacturing and maintenance of general aircraft at the level of 6 ton with no more than nine seats by means of wholly foreign investment; cancel the restriction on proportion of investment in the design and manufacturing of civil helicopters at the level of 3 ton or more 

15. Administrative Regulations of the People's Republic of China on Foreign-Invested Banks 

Suspend the implementation of the related contents and cancel the restriction, in terms of the number of years of business starting, for business institution of a foreign-invested bank to conduct any Renminbi business. 

16. Suspend the implementation of the related contents and cancel the restriction, in terms of the number of years of business starting, for business institution of a foreign-invested bank to conduct any Renminbi business

Suspend the implementation of the related contents and allow foreign investor and investors from Taiwan to establish solely-funded performance brokerage institutions to serve provinces and municipalities directly under the Central Government where pilot free trade zones have been set up, with the relevant administrative measures to be formulated by the competent culture department under the State Council.

The relevant government authorities will formulate implementation rules to guide the practice in the free trade zones.

According to the recently...

Profits to Overseas Investors Used for Direct Investment now Free from Withholding Tax

Profits to Overseas Investors Used for Direct Investment now Free from Withholding Tax

The Circular states that, where profits distributed by a resident enterprise within the territory of China to an overseas investor are used by such investor for direct investment into the encouraged-category of investment projects in the PRC, the tax deferral policy shall apply, without the collection of the withdrawing tax on a temporary basis, if relevant requirements are fulfilled.

Overseas investors temporarily not subject to the withholding tax must meet four requirements, whereby it is also specified the relevant "profits obtained by the overseas investor are returns of equity investment, such as dividends and bonus, generated from retained income that has been actually distributed by the Chinese resident enterprise to the investor".

Furthermore, the Circular states that, if an overseas investor is eligible for but does not enjoy such preferential policy in fact, it could file an application for enjoying the policy within three years from the date the relevant tax payment is made in practice, and the amount of tax paid will be refunded.

The Circular states that,...

Expansion of Tax Incentive for Advanced Technology Service Enterprises Nationwide

Expansion of Tax Incentive for Advanced Technology Service Enterprises Nationwide

To further stimulate the growth of foreign capital and create a higher level of open environment for foreign investors, in August 2017 the Circular of the State Council on Several Measures to Boost the Growth of Foreign Investment (Guo Fa [2017] No.39) addressed 22 Measures, setting forth a series of objectives for formulating fiscal and tax incentives, including: extending the Corporate Income Tax (CIT) incentives for Technological Advanced Service Enterprises (TASEs) in China.

The Circular Cai Shui [2017] n.79 has been recently released as a further step, to extend this CIT incentive nationwide effective retroactively from 1 January 2017, it will allow more high-tech and high value-added service enterprises to enjoy the preferential tax policies.

The incentive includes the following:

·         Advanced technology service enterprises are subject to enterprise income tax (EIT) at a rate of 15% (the statutory rate being 25%); and

·         A deduction applies to employees’ education expenditure (up to 8% of the total salary and wages), provided that certain requirements are met.

The services that are eligible for the incentive include:

·         Information technology outsourcing (ITO): software development, information technology development services, information systems operation and maintenance;

·         Technical business process outsourcing (BPO): business process design services, business operations management, operation services, supply chain management services; and

·         Knowledge process outsourcing (KPO): research on intellectual property, research and development and testing of pharmaceutical and biotechnological products, product research and

          development, industrial design, analytics and data mining, design and development of animation and online games, education development course, engineering design, etc.

Previously, the tax incentive was applicable only to certain designated cities, such as Beijing, Tianjin, Dalian, Harbin, Daqing, Shanghai, Nanjing, Suzhou, Wuxi, Hangzhou, Hefei, Nanchang, Xiamen, Jinan, Wuhan, Changsha, Guangzhou, Shenzhen, Chongqing, Chengdu and Xian.

...

why choose us

La lunga presenza in Cina e a Hong Kong ha permesso a C&A Advisors di acquisire le competenze ed instaurare le relazioni necessarie per affrontare le complessità operative locali. Questi punti di forza, abbinati all’esperienza internazionale, consentono a C&A di fungere da tramite per le società estere operanti nella Repubblica Popolare Cinese e a Hong Kong. I nostri clienti sono multinazionali, piccole-medie imprese e persone fisiche che hanno scelto C&A Advisors per una vasta gamma di servizi basati su...

Connettiti con Noi

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Dicono di Noi

Negli ultimi due anni abbiamo lavorato con Veronica Ciolli e C&A Advisors Pechino e abbiamo apprezzato il supporto professionale in termini di flessibilità, puntualità e competenza, sia nella programmazione di lungo periodo, che nelle questioni di carattere giornaliero. È stato molto importante per noi collaborare con un consulente in grado di offrire supporto a livello locale e di comunicare con la nostra sede centrale in Italia.

Fabrizio Finocchiaro, Direttore Generale di Vodafone Automotive

C&A offre un supporto di valore aggiunto al nostro management e questo è indispensabile in un ambiente così complesso, dinamico e in crescita come la Cina. Il fatto che C&A si prenda cura dei nostri interessi in ambito fiscale e contabile ci permette di focalizzarci maggiormente sugli aspetti commerciali e creativi.

Sergio Spadone, Amministratore Delegato di DEBAO

Affidabilità, elevato standard dei servizi e riscontri immediati. Questi sono i motivi per i quali abbiamo scelto C&A ADVISORS come nostro partner contabile.

Amministratore di PINKO

Durante la costituzione di NeoXam in Cina abbiamo sentito il bisogno di un partner legale, contabile e amministrativo che ci guidasse, consigliasse e riassicurasse non solo nelle fasi iniziali di costituzione ma, successivamente, anche su base giornaliera. Avere a disposizione un partner in grado di comunicare in francese con la nostra sede centrale, in cinese con il management in loco ed in inglese, rappresenta sicuramente un valore aggiunto. Collaboriamo con Marco D’Amore e C&A Advisors già da due anni: siamo decisamente soddisfatti e intendiamo continuare ad affidarci alla loro competenza come supporto nel corso del nostro sviluppo in Asia.

Axel Jacquet, Direttore Operativo di NeoXam China

La nostra società si affida alla consulenza di C&A dal 2005, le loro caratteristiche sono elevata professionalità, puntualità, cortesia e gentilezza, che aiutano nel costruire una perfetta e duratura collaborazione con i clienti nel difficile mercato cinese.

Massimiliano de Giovanni, Direttore Generale di Carpisa

La Cina è davvero un Paese lontano e tale distanza aumenta significativamente se considerata dal punto di vista culturale e della gestione degli affari.Per il Gruppo GWC, C&A è il partner che sta contribuendo ad accorciare questa distanza, rendendo la Cina un Paese sempre più vicino.

Nicola Rossi, Chief Financial Officer di GWC Group

Negli ultimi anni abbiamo lavorato con C&A su diverse questioni di governance, ristrutturazione aziendale e su aspetti legali legati alle nostre filiali in Cina e a Hong Kong, e ne siamo soddisfatti.

Maurizio Parodi, CFO di Tenova

Negli ultimi quattro anni C&A è stato per noi un partner importante nel problem solving: con grande professionalità e riscontri immediati ci hanno assistito nel risolvere questioni finanziarie e di due diligence.

Paolo Daneu, Amministratore Delegato di Seves Group - Cina

C&A ha saputo interpretare in poco tempo le nostre esigenze. Ha dimostrato grande serietà, competenza e rapidità. C&A è un ottimo partner!

Maria Chiara Franceschetti, AD di Gefran SpA