On the 25th March 2020, Chancellor Rishi Sunak announced the Self-Employment Income Support Scheme (SEISS). This allowed HMRC to calculate and provide an appropriate taxable grant to self-employed individuals ‘whose livelihoods are adversely affected by coronavirus’, based on their average income.
SHANGHAI - The success of the Shanghai free trade zone (FTZ) will be the number of mechanisms which are copied and promoted nationally, said Han Zheng, secretary of the Shanghai branch of the Communist Party of China.
BEIJING - China's Ministry of Finance (MOF) announced Sunday that it would issue two more batches of electronic savings bonds totalling 30 billion yuan (about $4.92 billion) in October this year.
BEIJING - The Chinese government will lift restrictions on foreign investment for 27 businesses, from green tea to civil airplane engines, in the China (Shanghai) Pilot Free Trade Zone (Shanghai FTZ).
The Shanghai FTZ will be temporarily exempt from restrictions on foreign investment in businesses like shipping, automobile, civil aviation and infrastructure development, according to a State Council statement published on Sunday.
It has been an irreversible trend that cross-border investment takes the advantages of tax treaties to seek the purpose of fair competition and mutual benefit for both parties. Taiwan has been striving to break through the political restrictions and already reached 27 international tax treaties though negotiations were not easy. In the era of global income tax and anti-tax avoidance check, the authorities concerned has been making great efforts to build a tax-friendly environment for international companies.
SHANGHAI - The Shanghai free trade zone (FTZ) and the negative list approach have made it easier for foreign companies to enter the Chinese market, the head of the FTZ said on Friday.