For investors in enterprises in the Korean semiconductor industry and other national strategic industries, a new tax bill has been passed that (i) increases the base tax credits received by these enterprises to 25% (if...more
7/5/2023
/ Corporate Taxes ,
International Tax Issues ,
Investment Tax Credits ,
Investors ,
Multinationals ,
New Legislation ,
Semiconductors ,
Small and Medium-Sized Enterprises (SMEs) ,
South Korea ,
Tax Credits ,
Tax Liability
In an effort to close the gap with the U.S. and Mainland China in terms of the number and market capitalization of publicly listed companies in certain advanced or new technology industries, on October 19, 2022, the...more
Hong Kong has traditionally been a hub for digital asset businesses in the region. As regulators in Hong Kong are working to tighten the regulatory regime on virtual asset exchanges, market players and investors seeking to...more
8/5/2022
/ AML/CFT ,
Compliance ,
Crypto Exchanges ,
Cryptoassets ,
Digital Assets ,
Financial Action Task Force ,
Hong Kong ,
Licensing Rules ,
Non-Fungible Tokens (NFTs) ,
Regulatory Oversight ,
Securities and Futures Ordinance (SFO)
The metaverse is still in its nascent stages, and the Chinese government is already increasingly focused on its development and regulation. At the March 2022 “Two Sessions” (两会), a term given to the back-to-back annual...more
5/12/2022
/ Algorithms ,
Anti-Corruption ,
Anti-Money Laundering ,
Artificial Intelligence ,
China ,
Corporate Counsel ,
Cryptocurrency ,
Drug Trafficking ,
Metaverse ,
Political Parties ,
Popular ,
Regulatory Requirements ,
Tax Evasion ,
Terrorism Funding ,
Virtual Reality
In response to recent data security concerns arising from overseas listings of Chinese internet companies operating in the People’s Republic of China (the “PRC”), the Cyberspace Administration of China (the “CAC”) has issued...more