HKTDC RESEARCH

The recent prolonged supply chain disruptions have posed ongoing logistics challenges on a global level. To solve these problems, a local technology firm applies blockchain technology to enhance traceability and visibility of shipments, and simplify, in turn, the cargo release and trade finance processes.More

The State Council has given the green light to the establishment of five national innovation demonstration zones for sustainable development in Huzhou, Ordos, Xuzhou, Zaozhuang and the Hainan Tibetan Nationality Autonomous Prefecture. The zones will have green innovation, desertification control, resource innovation, rural innovation and ecological protection as their respective themes.More

Effective 17 July 2022, a 2% digital service tax will apply to services provided online to consumers in Nepal by non-resident businesses, according to a notice from the country’s Inland Revenue Department (IRD). More

China’s General Administration of Customs recently announced that in order to ease the difficulties of enterprises and reduce their operating costs, steps will be taken to implement a “refund after levy” policy for two types of tax: import value-added tax (VAT) on natural gas and consumption tax on the import of naphtha and fuel oil for the production of ethylene and arene. The time taken to process natural gas import VAT refunds will also be shortened.More