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Since 1994, China has allowed expatriate employees in the country to receive certain fringe benefits on a tax-free basis. The use of fringe benefits to lower an expatriate’s income tax benefit is worthwhile, although there have been some changes to the regulations over the years. While it is important to keep accurate records, as the tax office may request these at any time, the pre-approval of fringe benefit tax exemptions is no longer required.Read More
The threat of cyber-attacks continues to grow and evolve for both businesses and people alike due to the ever-changing landscape of the digital world. Cybersecurity is no longer an afterthought for most businesses nowadays as it is only a matter of ‘when’ they will come under a cyber-attack. It is necessary for businesses to protect themselves from increasingly sophisticated cyber-attacks and identify the vulnerabilities arising from the adoption of new technology such as cloud computing and the Internet of Things (IoT).Read More
In 2016, dealmakers were presented with a range of challenges including low commodity prices, volatile capital markets in some parts of Asia, a new US administration, and the unexpected, by some, shock of Brexit. The market finished off 2016 with resilience despite the challenges, 2017 might not seem like the year many were expecting but as we move towards the end of the year, it looks like the M&A markets still managed to hold up well.Read More
The world is always divided into two parts. Be it in investment (Bitcoin or a new IPO), a movie (Blade Runner 2049) or a car (the i8), there will always be people who will wax lyrical about the stratospheric heights of these and at the same time, people who express a healthy distaste or mild aversion towards them. In the more mundane sphere of accounting, International Financial Reporting Standards (IFRS) convergence in Singapore is no less such an animal leaving some interests piqued, others nonplussed, and yes, yet others disinterested. But the world is never interested in disinterested people.Read More
Nexia TS is a member firm of the “Nexia International” network. Nexia International Limited does not deliver services in its own name or otherwise. Nexia International Limited and the member firms of the Nexia International network (including those members which trade under a name which includes the word NEXIA) are not part of a worldwide partnership. Nexia International Limited does not accept any responsibility for the commission of any act, or omission to act by, or the liabilities of, any of its members. Each member firm within the Nexia International network is a separate legal entity.