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  • July 11, 2014
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  1. QFII investors face 10pc dividend tax

    Posted Feb 21st 2009, 12:00am by Staff Reporter

    ... Daniel Ren in Shanghai China will impose a 10 per cent tax on foreign equity investors' dividends and banking interest income, amid renewed interest by overseas institutions ... Income Tax Law. It was the first time that Beijing clarified its position on foreign investors' dividend and interest income since embarking on the QFII scheme in 2003. The administration ...

  2. REIT question to ask is a taxing issue

    Posted Jul 28th 2003, 12:00am by Jake Van Der Kamp

    ... rental income as dividends to the unit holders. Hey presto, where a term deposit with a bank now pays less than one-tenth of 1 per cent interest, the REIT unit holder can get 6 per cent. ... yourself what to do with this income, you decide to re-invest some of it, you are doing exactly what the property company does with its profits, which is why dividend yield is only 4 per cent. You ...

  3. Threat to MPF and Asian funds from US law

    Posted May 28th 2012, 12:00am

    ... more detail on their US clients. Non-US financial institutions that fail to co-operate will face a 30 per cent withholding tax on most US-sourced income. 'Even if a fund, including MPF, ... written to the US government lobbying for changes to the proposed rules. 'We support the US Department of Treasury's goal of preventing evasion of US income taxes but we [believe] FATCA ...

  4. Far-reaching tentacles of the US taxman

    Posted May 22nd 2012, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com While many people think the proposed US Foreign Account Tax Compliance Act will only hit American millionaires, it seems even Hong Kong low income earners ... Not a good idea, as the penalties for failing to meet the reporting obligations could result in a 30 per cent withholding tax on certain types of US source income and payments from other financial ...

  5. Business - Banking & Finance - FINANCIAL SERVICES

    BVI tax haven picks Hong Kong for drive into Asia

    Posted May 16th 2013, 12:00am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com British Virgin Islands gets city's help in opening Asia-Pacific HQ to deal with central banks and regulators from Singapore to Japan Tax haven picks HK for drive into Asia The British Virgin Islands, a Caribbean tax haven, is to open an office in Hong Kong, amid mounting pressure on the city itself to be more transparent as offshore ...

  6. Investors show interest in fixed-income choices

    Posted Mar 28th 2012, 12:00am

    ... though, of just how fast a downturn can erase paper gains in an equity or mixed-asset fund, investors are showing new interest in fixed-income choices in the hope of keeping their heads above water. 'The most common type of fixed-income investment is a bond fund, meant to provide periodic income- usually twice-yearly,' says Ken Wong, equity portfolio strategist with State ...

  7. Business - Banking & Finance - FINANCIAL SERVICES

    Beijing is key to city's fund success

    Posted Apr 18th 2013, 12:00am by Enoch Yiu

    ... to extend profit tax exemptions to offshore private equity funds. He also wants to allow Hong Kong funds to set up as open-ended investment firms instead of trusts, as required under existing rules. ... international fund centre. "One measure would be for the government to continue to cut down tax friction," McCombe said. "Globally, we see other countries now discussing and imposing more ...

  8. Make most of changes by keeping up to date

    Posted Dec 13th 2007, 12:00am by Chris Davis

    ... to the mainland's individual income tax (IIT) scheme, which is calculated at a higher rate than Hong Kong's income tax regime. Previously, Hong Kong expatriates were not subject to IIT for income ... addition of a question on the 2006-07 tax return which asks respondents if they've received any income arising under section 28E. 'Given that many Hong Kong residents trade local stocks ...

  9. China Development Bank income increases to 29.6b yuan

    Posted Aug 01st 2008, 12:00am by Staff Reporter

    ... to curb loan growth. The bank, a government lender that funds infrastructure projects, said net income rose to 29.6 billion yuan (HK$33.87 billion) from 28 billion yuan a year earlier. ... they generate most of the profits from loan interest and very little from fee and commission income, which was a powerful growth driver for mainland lenders last year.' Last year, the bank made 24 ...

  10. Foreign investors should use local advisers

    Posted Jul 26th 2006, 12:00am by Ashwin Segkar

    ... such as zoning laws, also vary,' Mr Lawton said. He said investors also needed to understand Australia's federal income tax laws and how they interacted with tax requirements in their home ... in the Australian market. 'It's important to partner with someone who knows the local market. In terms of tax and regulatory requirements, engaging local advisers with experience in not only ...




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