Adjustments of Workers Treatment Standards of 2017 in Shanghai
Shanghai Municipal Human Resources and Social Security Bureau recently adjusted the minimum wage standard and the social insurance base as well as the contribution ratio in Shanghai.
The adjustment of the Minimum Wage Standard
The monthly minimum wage standard has been raised by...
The new Italian flat-tax for high net worth foreigners
High net worth individuals should now consider to move their fiscal residence in Italy. Referring to the 2017 Italian Budget Law, a new optional tax regime allows individuals who take up residency in Italy only to pay an annual flat-tax with a fixed amount of €100,000 per year, regardless of ...
Outline of “Regulation on Food Safety of Shanghai”
The so-called strictest “Regulation on Food Safety of Shanghai” was announced on January 20th, 2017 and has been taken into effect on March 20th, 2017. The stricter details regarding food in this Regulation consist of F&B without license, online food business operation, the amount of penalty, et...
Government-subsidized loans for the SMEs in Italy
The new 2017 “Sabatini law” has introduced, for small and medium-sized enterprises, the possibility to benefit of subsidized loans for the investments relating to an established company in the form of machineries, capital goods, hardware/software and digital technologies, and to benefit of ...
ITALY REDUCES THE FISCAL PRESSURE ON CORPORATIONS
The new 2017 Italian budget law introduced interesting innovations with respect to the taxation of corporations and individual entrepreneurs.
As for capital companies (stock companies and limited liability companies), the profits will continue to be subject to the IRE...
According to the Ministry of Commerce, China's overseas is expected to continue to grow next year, despite the government's efforts to tighten the irrational overseas investment. It is reported that the gove...
Your Fortune and fortune position in 2017 – Chinese metaphysics
Fengshui is a Chinese philosophical system of harmonizing and balancing with the surrounding environment according to Taoism. It belongs to the Five Arts of Chinese Metaphysics, which is Mountain (Diet, physical health, meditation and self-healing), (All form of Traditional Chinese Medicine), Life (Ch...
The Most Strictly Anti-terrorism Act: Russia and China Focus
As we all know in the year of 2016, aroused general concerns of the whole world since there have been many terrorist attacks worldwide. When the new anti-terrorism act that had been previously signed by Russian president Vladimir Putin took effect on July 20th 2016, it attracted immediate worldwide a...
New Foreign Exchange Policy in China
At the beginning of 2017, Chinese authorities issued an announcement to tight the capital controls of foreign exchange and remittance. After the policy of forbidding residence of China to buy overseas insurance through union pay and the policy of tighten the approval of cross-border mergers, now the Chinese government decides to cla...
The 11th Ed. Nice Classification Launched Officially
The Nice Classification (NCL), established by the Nice Agreement (1957), is an international classification of goods and services applied for the registration of . The latest edition of NCL came into effective on Jan. 1st, 2017.
As required by the World I...