Zetland Newsletter

Newsletter - Edition April 2020

Dear Friends of Zetland,

COVID-19, the illness caused by the SARS-CoV-2 virus, first reported in the Wuhan province of China end of 2019, is rapidly spreading throughout the world and governments scramble to contain new infection cases with daily announcements of new measures aimed at reducing social contact and travel. Since the Chinese New Year celebrations earlier in January, Chinese authorities have restricted the movement of some 780 million people introducing travel bans, mandatory leave, curfews, and even complete lockdowns of entire mega cities. Governments in other countries with exponential infection growth rates follow a similar strategy of drastic restrictions in social and business life. After 2 months in lockdown, Chinese authorities are slowly lifting restrictions in the country and Wuhan.

The economic impact of the large scale shutdowns is yet to be seen. Singapore’s, Hong Kong’s and Chin’s budget already provide some COVID-19 related relief measures for businesses and individuals. For details read our articles section.

As many are on flexible work arrangements, keeping up-to-date and working on mobile devices is more prevalent than ever. We updated the design of our newsletter to be easily read on mobile phones and tablets. Our articles are arranged in a new blog style on our website for improved reading.

Our Singapore and London office premises are closed until 4th May and until further notice respectively and our colleagues remain available for your on flexible work arrangements. Please feel free to reach out via e-mail.

We are very much looking forward to meeting our clients and partners in person again once the pandemic has settled. In the meantime, we are of course available by e-mail, call and video conference.

Yours sincerely,
Dominik Stuiber
Director and Zetland Group General Manager

Zetland Tax

Filing Hong Kong Tax Return

Filing Hong Kong Tax Return

Many investors or businessmen are interested in investing in Hong Kong or have already set up limited liability companies in Hong Kong. Most have one question on their mind: ‘How do I pay less tax?’ Do I need to pay tax immediately after filing ...

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Newsletter articles


China’s Preferential Tax Policies

With the recent spread of the corona virus and halt of work and production, tax authorities in China...


Singapore Budget 2020

In Singapore’s 2020 Budget, the plan from 2018 to raise GST in the city state to 9% between 2021 t...


Hong Kong Budget 2020- 2021

On 26 February 2020, Financial Secretary, Mr Paul Chan Mo-po, GBM, GBS, MH, JP,[1] delivered the gov...


Business Succession Planning

Business Succession PlanningMany business owners are often focused on 'today' often neglect planning...


Economic Substance and EU Blacklist Update

EU efforts and the work of international bodies targeting tax neutral jurisdictions are not a new po...


Singapore’s Digital Banking

Digital banking penetration across Asia has been increasing rapidly. The competition for Asia’s ba...