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Tailored Services of the highest standards

We are a leading firm in providing added value business services around tax, legal and finance related issues to international firms operating and developing in Mainland China and Hong Kong.

Our Team

With an expert international team of over 80 professionals and 5 offices, we work closely with our clients not only in major issues, but also on their day to day operational needs.

Latest News
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Check our January newsletter to know about Rules on EIT Withholding on China-sourced Income, SAT Clarifications on Tax Credit Proof for Enterprises...

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On-Site Experience

Our Firm’s long established presence in China and Hong Kong has allowed us to acquire the expertise and build the relationships to best address the complexities of doing business in both territories.

Agile Solutions in a Changing Environment

In a continent as vast and complex as Asia, the organizational structure of C&A Advisors allows the firm’s professionals to easily provide assistance on issues that involve not only different fields, but also different geographical areas.

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News

New Rules on EIT Withholding on China-Source Income Derived by Nonresident Enterprises

New Rules on EIT Withholding on China-Source Income Derived by Nonresident Enterprises

The Announcement n. 37 consists in an official interpretative guidance of the rules related to the administration of withholding tax on China-source income derived by nonresident enterprises.

The document provides clear explanation and guidance on collecting the enterprise income tax on China-source income derived by nonresident enterprises and gives solutions on some practical issues.

The Bulletin n.37 is generally viewed positively by industry and shall improve the business environment. Below some of its highlights:

 

  • Withdraws certain withholding tax document registration requirements, reducing the administrative burden
  • Clarifies the withholding tax calculations for disposal gains
  • Introduces more reasonable timeframes for withholding tax payments
  • Clarifies the withholding tax obligations of agents and overseas payment recipients.
Jan 31,2018
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The Announcement n. 37 consists in an official interpretative guidance of the rules related to the administration of withholding tax on China-source income derived by nonresident enterprises.

The document provides clear explanation and guidance on collecting the enterprise income tax on China-source income derived by nonresident enterprises and gives solutions on some practical issues.

The Bulletin n.37 is generally viewed positively by industry and shall improve the business environment...

China Adjusts Import Tariffs on Certain Consumer Goods

China Adjusts Import Tariffs on Certain Consumer Goods

The Circular provides that certain consumer goods will be subject to import tariffs at the temporarily reduced rates from December 1, 2017.

The List of Adjustments to Temporary Import Tariff Rates on Certain Consumer Goods is distributed in the Circular, covering 187 items, such as "mineral water", "whisky", "other medicines (consisting of mixed or unmixed products for therapeutic or prophylactic uses)", "perfume and florida water", "other maquillage or cosmetics and skin care products", "silk-made shawls, kerchiefs, scarves and similar products", "wool blankets and travel blankets", "paintbrushes", "milk powders”, “coffee machines”, etc.

According the head of luxury goods at Exane BNP Paribas Mr. Luca Solca, “these import tariffs will open the domestic Chinese market to more international brands — which will be able to reduce their retail price in China. At the same time, this will bring more competition to local Chinese brands and will force them to up their ante”.

Jan 31,2018
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0
9633

The Circular provides that certain consumer goods will be subject to import tariffs at the temporarily reduced rates from December 1, 2017.

The List of Adjustments to Temporary Import Tariff Rates on Certain Consumer Goods is distributed in the Circular, covering 187 items, such as "mineral water", "whisky", "other medicines (consisting of mixed or unmixed products for therapeutic or prophylactic uses)", "perfume and florida water", "other maquillage or cosmetics and skin care products", "silk-...

Paperless Applications for Tax Reliefs in Nationwide Customs Offices from December 15

Paperless Applications for Tax Reliefs in Nationwide Customs Offices from December 15

With the Announcement No. 58, GAC decided to promote the paperless applications for tax reduction and exemption in nationwide customs offices and simultaneously abolish the record-filing regime for tax reduction and exemption, as of December 15, 2017.

According to the Announcement a tax reduction or exemption applicant or its agent can submit the application form for this purpose together with the electronic data about the accompanying documents through the tax reduction or exemption declaration system for QP pre-entry clients of China electronic ports, instead of submitting any written materials. In the meantime, it is made clear in the announcement that the applicant may provide materials concerning the subject qualification, project qualification, quota (quantity) of tax-free imports and other information to the customs at the same time when it initially handles formalities for tax reliefs for imported goods, but does not need to file a record for a policy-oriented project with the customs in advance.

With the Announcement No. 58...

SAT Provides Clarity on the Collection Scope of R&D Expenses for the Super Pre-tax Deduction Purpose

SAT Provides Clarity on the Collection Scope of R&D Expenses for the Super Pre-tax Deduction Purpose

The Announcement No. 40 applies to the annual final settlement from 2017 and thereafter, it centers on the collection scope of R&D expenses, and improves and specifies criteria to get information about some R&D expenses. Respective standards for the labor expenses paid to workers, expenses of direct input, depreciation expenses, and amortization of intangible assets are described in detail, and those for the design costs for new products, expenses incurred for the formulation of rules for new techniques, expenses of clinical trials conducted for new drugs at the R&D stage, and expenses of on-spot tests for exploration and development technologies are also clarified; furthermore, the standards for other relevant expenses are refined and other relevant policies are made clear as well.

The Announcement provides that requirements specified in the Announcement [2015] No.97 regarding identifying the scope of personnel directly engaged in R&D activities and accurately collecting the labor expenses of personnel who are involved in multiple types of activities remain valid, and brings new provisions on the labor dispatching and equity incentives, stating that the scope of external R&D personnel could be broadened appropriately and the equity incentives awarded to R&D personnel are eligible for the super deduction.

The Announcement No. 40...

New Rules on EIT Withholding on China-Source Income Derived by Nonresident Enterprises

New Rules on EIT Withholding on China-Source Income Derived by Nonresident Enterprises

The Announcement n. 37 consists in an official interpretative guidance of the rules related to the administration of withholding tax on China-source income derived by nonresident enterprises.

The document provides clear explanation and guidance on collecting the enterprise income tax on China-source income derived by nonresident enterprises and gives solutions on some practical issues.

The Bulletin n.37 is generally viewed positively by industry and shall improve the business environment. Below some of its highlights:

 

  • Withdraws certain withholding tax document registration requirements, reducing the administrative burden
  • Clarifies the withholding tax calculations for disposal gains
  • Introduces more reasonable timeframes for withholding tax payments
  • Clarifies the withholding tax obligations of agents and overseas payment recipients.

The Announcement n. 37...

China Adjusts Import Tariffs on Certain Consumer Goods

China Adjusts Import Tariffs on Certain Consumer Goods

The Circular provides that certain consumer goods will be subject to import tariffs at the temporarily reduced rates from December 1, 2017.

The List of Adjustments to Temporary Import Tariff Rates on Certain Consumer Goods is distributed in the Circular, covering 187 items, such as "mineral water", "whisky", "other medicines (consisting of mixed or unmixed products for therapeutic or prophylactic uses)", "perfume and florida water", "other maquillage or cosmetics and skin care products", "silk-made shawls, kerchiefs, scarves and similar products", "wool blankets and travel blankets", "paintbrushes", "milk powders”, “coffee machines”, etc.

According the head of luxury goods at Exane BNP Paribas Mr. Luca Solca, “these import tariffs will open the domestic Chinese market to more international brands — which will be able to reduce their retail price in China. At the same time, this will bring more competition to local Chinese brands and will force them to up their ante”.

The Circular provides that...

why choose us

The Firm’s long established presence in China and Hong Kong has allowed us to acquire the expertise and build the relationships to best address the complexities of doing business in China and Hong Kong. These strengths coupled with the international background of the Firm, enable us to operate as a bridge for foreign companies operating in China and Hong Kong. Our clients are multinational corporations, small-medium enterprises and individuals. They choose C&A Advisors for the high and consistent standard of services...

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Credentials

In the past 2 years we have been working with Veronica Ciolli at C&A Advisors and we have appreciated the flexible, punctual and competent support in advising us on both our long term planning and daily issues.  It has been very important for us to be able to cooperate with an advisor who can support us locally and communicate with our HQ in Italy.

Fabrizio Finocchiaro, Managing Director of Vodafone Automotive

C&A provides valuable additional support to our management, which is much needed in a changing, progressive and challenging China. Today we put more time on creative and commercial work, assured that C&A looks after our interests in the accounting and tax aspects.

Sergio Spadone, CEO of DEBAO

Reliability, High Quality Service and Quick Response. These are the reasons why we selected C&A ADVISORS as our account partner.

DIRECTOR of PINKO

During the establishment of NeoXam in China, we needed an administrative, accounting and legal partner to guide us, advise us and reassure us, not only at the first stage of the establishment, but in daily issues as well. The possibility to have partners who can speak French with our HQ, Chinese with the management on site and English is a real plus. It has been already two years working with Marco D'Amore and C&A Advisors: we are totally satisfied and intend to continue to rely on their expertise to support us throughout our development in Asia.

Axel Jacquet, COO of NeoXam China

My company has benefited from C&A consultancy since 2005 - their key strengths are high professionalism, timeliness, courtesy and friendliness. These traits help the customers to build a perfect and durable cooperation in the challenging Chinese market.

Massimiliano de Giovanni, General Manager of Carpisa

China is a faraway country and such a distance can alter practices significantly when talking about culture and different ways of both doing and managing business. For GWC Group, C&A is the partner that helps in shortening the distance and making China feel like a much closer country.

Nicola Rossi, Chief Financial Officer of GWC Group

We have been working for the last few years together with C&A with satisfaction onvarious matters regarding company governance, company restructuring and legalissues for our subsidiaries in China and Hong Kong.

Maurizio Parodi, CFO of Tenova

C&A has been an important partner for us in the last four years regarding problemsolving. With high professional expertise and extremely quick responses, they helpedus in solving financial and due diligence issues.

Paolo Daneu, CEO of Seves Group – China

C&A has been able to understand our needs in a very short time. They have showngreat reliability, expertise and responsiveness. C&A is a great partner!

Maria Chiara Franceschetti, CEO of Gefran SpA