SPV : Definition and examples

SPV (special purpose vehicle) is a company registered in in Hong Kong as a subsidiary established to run as a means of securing assets of the mother company if it faces bankruptcy. They help to protect a project or entire business from insolvency problems or establishing leases that are credited on the income statement as opposed to being reflected as a liability on a balance sheet. Read More

What is the tax information exchange agreement?

Tax information exchange agreement (TIEA) is a platform for the exchange of information based on a specific request for tax, criminal, or civil matters investigation between 2 countries. The interchange of information on request is based on standard reporting methodologies. TIEAs are important components in Hong Kong to help curb tax evasion back at home. In this article, we take a deeper look at what is the tax information exchange agreement? Read More

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