October 17th, 2014
TGS global wins at the International Accounting Bulletin annual awards
TGS Global, the new international network of accounting firms has beat off strong competition to win the “rising star” award. The judges honoured tgs because of its strong global growth …
August 21st, 2014
TGS Asia Pacific Conference hosted in Hong Kong
TGS Asia Pacific Conference was successfully held on 21st August 2014 at the Royal Hong Kong Yacht Club. Delegates from the TGS Global office as well as representatives from member firms in UK, Shanghai, Singapore, Taiwan, Indonesia, Thailand and India …
July 22th, 2014
TGS Global Shortlisted for IAB’s Rising Star Award
TGS Global has been named as a finalist for the “Rising Star Network” Award in the International Accounting Bulletin Awards (IAB) for 2014.
The IAB Awards were first held in 2012 …
July 11th, 2014
TGC Global Ranked 18th Largest International Network
Just 2.5 years after its formation, TGS Global has been ranked as the 18th largest global accountancy network in the 2014 Accountancy Age survey of the top 20 international networks.
July 2nd, 2014
China and Hong Kong Taxation Royalties on Intellectual Properties – new China Trade Mark Laws
The China New Trade Mark Laws became effective on 1 May 2014, significant changes include making available of sound mark applications…
March 13th, 2014
Hong Kong Tax Budget 2014/15
Maintaining Hong Kong as an attractive tax jurisdiction for business in Asia
Financial Secretary John Tsang delivered his second budget speech on 26 February 2014…
March 21st, 2014
TCS Global expands into USA
As of 1st March 2014, TCS Global appointed Gettry Marcus as it’s first member in the United States. Beginning in 2012 TCS Global, the international network of dynamic CPA firms, currently has representation in 48 locations in 28 countries…
December 23th, 2013
TCS Hong Kong First Year Anniversary Celebration Dinner
The first year TCS Hong Kong Anniversary Celebration Dinner was held on Thursday, December 19, at the Bankers’ Club in Landmark, Central …
December 2nd, 2013
Appointment of Julius Chan – Senior Manager
Julius has over 10 years of experience in the profession and has outstanding experience in the audit, from SMEs to publicly listed companies in Hong Kong. He has performed services for clients throughout China as well as in the US, Brazil, Australia and Russia…
November 19th, 2013
TCS Global delegation visited Hong Kong
In advance of the TCS Global Annual Conference which was successfully held in Shanghai 20th -22nd November 2013, a team of delegates from the TCS Global office as well as representatives from member firms in UK, France and Germany visited TCS Hong Kong…
The China New Trade Mark Laws became effective on 1 May 2014, significant changes include making available of sound mark applications; strengthened well-known mark protection; increased statutory damage and fines against infringement, shortened trademark prosecution times, & etc.
Companies nowadays are equipped with marketing innovation; business protection relies on proper intellectual properties laws and regulations. It is common for business to take a closer look into the protection and enforcement of their valuable intellectual property rights in Asia.
There are both contentious and non-contentious intellectual property related matters such as handling worldwide trademark portfolio, initiating enforcement actions relating to anti-counterfeiting, and customs actions in China, Taiwan, Hong Kong and Macau to look out for. Clients are advised to plan and make the best use of their valuable innovations via laws of patent, registered design and trade secrets.
The tax aspect to royalty payment of Intellectual Properties is equally important. Withholding tax is payable for payment of royalties to a nonresident at a statutory rate of 20%. However, under the Double Taxation Agreement between China and Hong Kong, the rate may be reduced to 7%.