Finance Monthly, global famous financial magazine, recently has released the nomination list of Finance Monthly Global Award 2013. And Hwuason lawyers was shortlisted for a Finance Monthly Global Award 2013 in the category of Corporate Tax Firm of the Year – China.
Finance Monthly is an international publication which provides news, insight, comment and analysis on funds, corporate tax, mergers & acquisitions and private equity. Written for the corporate reader, Finance Monthly examines the driving forces that affect the corporate world from a financial view point month by month.
For more information, please visit http://www.finance-monthly.com/Awards
The Chambers China Awards for Excellence Dinner 2013, in association with Lex Mundi, will be held at The China World Hotel, Beijing on Thursday, 28th February 2013.
We shall be honouring PRC and international law firms on the basis of our research for the next
edition of Chambers Asia Pacific. The awards recognise a law firm’s pre-eminence in key
practice areas. They also reflect notable achievements over the past 12 months including
outstanding work, impressive strategic growth and excellence in client service.
On Sep 13, 2012, Liu tianyong, a senior partner of Hwuason, was invited to give a talk at the the seminar held by the Beijing Municipal Bureau of Justice and Beijing Lawyers Association (BLA). The seminar was designed to focus on “Development of Small and Medium sized law firm”. During the seminar, Liu Tianyong talked about the strategy that he pointed out in his article named the new direction in development of Small and Medium sized tax and legal firms. Many partners of tax law firms attended the seminar.
At the start of this year, companies in some service sectors began paying value-added taxes (VAT) in Shanghai instead of a business tax levied on total revenue. China was expected to expand the Shanghai reform to other 8 locations. Beijing may take the lead in the expansion of VAT pilot program on Sep. 1, 2012.
On Sep 3, 2012, Liu tianyong, as a managing partner and senior partner of hwuason law firm, and Shi Zhengwen, as a professor at China University of Political Science and Law, accepted the interview.During the interview, Liu Tianyong expressed his opinion on the coming Beijing VAT reform.
-The rules implemented in Shanghai are likely to be applied in Beijing, but there might be small adjustments. And some sectors may suffer from an increased tax burden.
-The pilot program rules are more likely to continue to provide concession or exemption under VAT. So, companies may apply for financial aids to help reduce the tax burden.
-In terms of taxpayers’ rights, Liu tianyong put forward that the future tax reform should increase protection of taxpayers’rights.
Click here to see the attached video: http://tv.hexun.com/2012-09-05/145497087.html
On August 15, 2012, HWUASON together with LexisNexis successfully held the 2012 conference on risk-based audits at Jianguo Garden Hotel Beijing.
LexisNexis is a leading global provider of content-enabled workflow solutions designed specifically for professionals in the legal, risk management, corporate, government, law enforcement, accounting, and academic markets. The conference attracted more than 140 well-known companies, including Petro China Co Ltd and China Mech & Elect Co Ltd.
China recently released data showing a slowdown in its economy on a year-over-year basis. A less robust economy is more likely to motivate China’s tax authorities to collect together with monitor taxpayers’ key information. This is can be evidenced by the Beijing local tax bureau’s accouchement, that is ,more audits, more exams and more collection measures will be used to respond the current economic situation. By doing so, all companies in China are possibly facing greater chances of being audited by tax the taxation authorities. In order to help enterprises in China to get through the difficult time, HWUASON together with LexisNexis help this conference.
Summary of Conference
The conference was made up of two parts. The part one was hosted by Wei Zhibiao, concentrated on making the general point about the 2012 tax audit trend and the corresponding strategies. On the second part, Liu tianyong mainly looked at each relevant case and help those better understand the key problem of the mainstream.