Deloitte expands network
ACCOUNTANCY firm Deloitte Touche Tohmatsu is stepping up its presence in China with the opening of two more representative offices in Guangzhou and Dalian.
''We have received permission to open an office in Guangzhou and Dalian,'' said Ted Lee, the firm's managing director (China). They will be set up within the next two months.
This will bring to four its representative offices. The others are in Beijing and Shenzhen.
Mr Lee added that Deloitte would also beef up its Shanghai joint venture in a gradual move to expand the range of services for its clients in China.
''Ultimately, we would like to see a firm in China with broad coverage in each geographical location, which has full service capability,''said Mr Lee.
Tax partner Joseph Fu, commenting on China's tax overhaul, said the current uncertainty over the changes was understandable because details about their implementation were not fully explained.
He added that the tax authorities had set a deadline to put in place the proper mechanism to implement the changes.