Our team resides in both China and Australia to support the demanding needs of our client’s cross-border tax, accounting and local requirements.

Find Azure Group China on WeChat

Posted by Azure Group on June 23, 2015 under China Inbound/Outbound

With over 569 million users in WeChat we value this social tool and have created an Azure Group China WeChat account to stay connected with our clients.


Loosening rules for foreign banks in China

Posted by Azure Group on January 06, 2015 under China Inbound/Outbound

As part of the wider plan to open up China’s domestic financial sector to global competition, a number of market access restrictions for foreign banks have been loosened.


BEWARE: The Consequences of Tax Risk in the Chinese Market

Posted by Stephanie Liu on November 26, 2014 under China Inbound/Outbound

Tax risk refers to the potential economic loss that may arise when a taxpayer fails to comply with tax regulations. To put it simply, tax risk is a constant problem for taxpayers because it is a risk that is inherent to the ordinary operations and management of a business.


New depreciation incentives offered to businesses in China

Posted by Stephanie Liu on October 20, 2014 under China Inbound/Outbound

On 24th September, PRC Premier Li Keqiang chaired a State Council executive meeting, he urged the deployment of accelerated depreciation policy of fixed assets to promote business technological transformation and support SME innovation. He decided to further open domestic express delivery market, an…


China's new administration rules to facilitate more outbound investment

Posted by Stephanie Liu on September 30, 2014 under China Inbound/Outbound

According to the latest news from the Ministry of Commerce (MOFCOM) of PRC, the government has enacted new amendments to the Measures for Administration of Chinese Outbound Investment on 9 September 2014. The new measures will put an emphasis on a Filing Focused Administration System and use the App…


New China DTA with France and Germany

Posted by Stephanie Liu on August 27, 2014 under China Inbound/Outbound

This article is a summary of the key changes of the New China DTA with France and Germany.


Impact of the last 3 years federal budget on foreign property investors

Posted by Stephanie Liu on August 08, 2014 under China Inbound/Outbound

As more and more Chinese investors now favor to Australian Real Estate and business investment opportunities, the changes of each Australian Financial Budget has become important information to them. With the release of latest 2015 Australian budget, Azure Group takes this opportunity and summarized…


New China company law – Good news for small to medium size foreign investors

Posted by Stephanie Liu on August 08, 2014 under China Inbound/Outbound

On 28 December 2013, the 12th Standing Committee of National People's Congress decided to make the fourth major changes to the Company Law of the People’s Republic of China. The New Company Law aimed to reform the existing company establishment system, streamline the registration formalities and rel…


China Tax Knowledge for Foreign Expats in China

Posted by Stephanie Liu on April 29, 2014 under China Inbound/Outbound

When working in China, it is essential to ensure that your tax affairs comply with the local rules and regulations. Failure to do so means that you are breaking the law and that can result in heavy penalties in China.This article aims to provide foreign expats basic knowledge and some planning tips …


CPD workshop - Guiding Chinese Investors to Setup Businesses in Australia

Posted by Azure Group on March 17, 2014 under China Inbound/Outbound

Join our Shanghai Partner, Stephanie Liu in conjunction with CPA Australia in a workshop on the topic of Guiding Chinese Investors to Setup Businesses in Australia. Read below for more details.


Doing business in China Wrap Up for 2013

Posted by Stephanie Liu on January 29, 2014 under China Inbound/Outbound

As a business owner, navigating your tax and compliance obligations in Australia can be a confusing process. When you take your business abroad and start setting up operations in China, your compliance obligations only amplify. With the assistance of the tax teams in both our Shanghai and Sydney off…


Australia in the Asian Century Whitepaper

Posted by Azure Group on January 20, 2014 under China Inbound/Outbound

As part of its implementation of the ‘Australia in the Asian Century’ White Paper the Australian Government in partnership with peak industry bodies – including AustCham Greater China, the Australia China Business Council, the Law Council of Australia and the Business Council of Australia - is takin…


Taxable cross border service subject to VAT exemption under certain requirements

Posted by Stephanie Liu on January 20, 2014 under China Inbound/Outbound

On 13th September China’s State Administration of Taxation promulgated the new implementation rules (Announcement 52) for taxable cross-border service. Announcement 52 will make it easier for companies to make use of VAT exemption for exported service already clarified in Circular 37 (2013). It appl…


What is the Significant Investor Visa?

Posted by Azure Group on November 19, 2013 under China Inbound/Outbound

The Significant Investor Visa became effective on 24 November 2012, and is a popular option for high net worth international investors seeking permanent residency in Australia. The Significant Investor Visa (SIV) is a new stream within the Business Innovation and Investment (Provisional) (Subclass 1…


A guide to setting up a business in China part 5: Foreign Investment Review Board (FIRB)

Posted by on November 18, 2013 under China Inbound/Outbound

A guide to setting up a business in China part 5: Foreign Investment Review Board (FIRB)


Special tax policies upon VAT and Sales Tax for small scope business enterprises

Posted by Stephanie Liu on November 18, 2013 under China Inbound/Outbound

Special tax policies upon VAT and Sales Tax for small scope business enterprises


Determining your Australian Tax Residency status

Posted by on October 11, 2013 under China Inbound/Outbound

A taxpayer’s residence and source of income are two key principles in determining the tax liability for Australian Income Tax. The definition of a resident or a non-resident for tax purposes are not aligned with the concepts of citizenship or nationality. Residency for tax purposes is determined acc…


A guide to setting up a business in China part 4: GST

Posted by on October 09, 2013 under China Inbound/Outbound

A guide to setting up a business in China part 4: GST


A summary of Shanghai’s Free Trade Zone

Posted by on October 09, 2013 under China Inbound/Outbound

In March 2013,Chinese Premier Li KeQiang visited the Shanghai PuDong area, and proposed a Pilot Free Trade Zone (FTZ) for the very first time. This proposal received formal approval from the State Council on 22 August 2013. The Shanghai Pilot Free Trade Zone includes WaiGaoQiao bonded zone, WaiGaoQi…


What you need to know about GST when setting up a business in Australia

Posted by on September 12, 2013 under China Inbound/Outbound

Since 1 July 2000 a goods and services tax (GST) has been in effect in Australia. This GST is effectively a tax of 10 per cent applied to the consumption of most goods, services and property in Australia (including imports). GST is not normally applied to goods or services exported or consumed outsi…


Does your Secondment Arrangement create Permanent Establishment and attract tax obligation in China?

Posted by on September 12, 2013 under China Inbound/Outbound

About more than 90% of the MNCs would send overseas Headquarter staff to their China WFOE or Representative Office to support business setup or/and ongoing business operation. On 19 April 2013, the SAT issued Announcement 19 to clarify when the secondment of an employee by a foreign company will cre…


What are transfer pricing rules and what do they seek to achieve?

Posted by on September 12, 2013 under China Inbound/Outbound

Australia is a country with relatively higher rates of income tax, so there is a powerful incentive for international businesses to minimise income here and shift profits to offshore related entities through arrangements/dealings whose terms do not reflect what would normally be expected between non…


Rental Properties – What Are Your Australian Tax Obligations?

Posted by on August 13, 2013 under China Inbound/Outbound

Rental properties are a major component of many investors’ investment portfolios, be it in their own name or through investment vehicles such as family trusts and self managed superannuation funds. With property ownership comes the associated tax obligations.


A guide to setting up a business in China part 4: Corporate Tax

Posted by on August 12, 2013 under China Inbound/Outbound

A guide to setting up a business in China part 4: Corporate Tax


2012 -2013 VAT Reform in China

Posted by on August 07, 2013 under China Inbound/Outbound

Since the open door policy, China’s tax system has always been designed to accommodate and support the development of Chinese economy. Value-added tax is one of the most important State Revenue sources in China and is the key tool used by the Chinese government to achieve its economic goals at diffe…


Thin capitalisation - how the 2013-2014 Federal Budget impacts your company's interest deductions

Posted by on July 08, 2013 under China Inbound/Outbound

In its 2013-2014 Budget, the Federal Government announced that the thin capitalisation rules will be modified.


SAFE issued new Circular to increase control of the inflow of foreign exchange fund

Posted by on July 08, 2013 under China Inbound/Outbound

SAFE issued new Circular to increase control of the inflow of foreign exchange fund


2013 Shanghai Social Security Payment Base

Posted by on July 08, 2013 under China Inbound/Outbound

The Shanghai Municipal Human Resources and Social Security Bureau announced 2013 Social Security Payment Base in April 2013


A guide to setting up a business in Australia Part 3: Accounting and Audit requirements

Posted by on July 08, 2013 under China Inbound/Outbound

The Corporations Law contains detailed requirements relating to company accounts and audit procedures. These requirements relate only to companies incorporated in Australia.


A guide to setting up a business in Australia Part 2: Establishing a Company

Posted by on June 13, 2013 under China Inbound/Outbound

Part 2 of our guide to seeing up a business in Australia, this post explores the finer details of establishing a company by incorporation or acquisition.


CGT changes for mining and resources industry

Posted by on June 13, 2013 under China Inbound/Outbound

The Australian government has announced changes relating to the definition of Taxable Australian Real Property.


Non-Final Withholding Tax for Foreigners

Posted by on June 13, 2013 under China Inbound/Outbound

The Australian government has proposed a non-final withholding tax regime for disposals of taxable Australian assets by foreign residents


2013 National Joint Annual Inspection Guide for Foreign Investment Enterprises

Posted by on May 13, 2013 under China Inbound/Outbound

According to the Company Law of the People's Republic of China, Regulations of the People's Republic of China on Administration of Registration of Companies and Regulations of Annual Inspection for Enterprises, Administrative authorities in each province or municipal city shall take annual inspectio…


A guide to setting up a business in Australia Part 1: Registration of a Corporate Structure

Posted by on May 13, 2013 under China Inbound/Outbound

This is Part 1 of a series of posts regarding how to set up a business in Australia. In this post we look at the registration of a corporate structure.


Why filing your Australian tax return may still be important and necessary

Posted by on May 13, 2013 under China Inbound/Outbound

Many Australian expatriates residing overseas may regard themselves as no longer Australian residents for tax purposes. Many believe they have nothing to do with the Australian Taxation Office anymore or at least for the period they are residing overseas. Unfortunately this school of thought can get…


Tax tips for expats living in China

Posted by on April 22, 2013 under China Inbound/Outbound

Our Managing Director, Michael Derin, has just returned from a whirlwind trip to China where he presented as a keynote speaker at AustCham’s Money Sense event. Michael presented on the complex tax issues being faced by expatriates in China, and how to combat this. With a large Australian expat…


AustCham's Money Sense Event - 4 Experts, 20 Tips, 60 Minutes (Shanghai)

Posted by on April 04, 2013 under China Inbound/Outbound

Michael Derin will be heading over to Shanghai to present at AustCham's upcoming 'Money Sense' seminar taking place on 16th April. If you are an expat living in Shanghai and intersted in expert tax advice - please see the details below. Money Sense: 4 Experts, 20 tips, 60 Minutes Time: 6:…


Azure Group - continuing to build strong relationships in China

Posted by on March 26, 2013 under China Inbound/Outbound

This morning Azure Group hosted a two hour information session for partners from 22 leading accounting firms visiting from China. The opportunity arose from our growing exposure in the Chinese market and our growing reputation as tax experts in this region.  In the last year, Australia is said to be…


Azure Group China: March Update

Posted by on March 15, 2013 under China Inbound/Outbound

China Tax Updates: Different Tax Rates for Individual taxpayers receiving Dividends from Listed Companies from January 2013 In order to control short-term speculation, stimulate long-term investment, and build up a sustainable capital market, the State Council approved a new tax policy to promote …