As a result of an increase of foreign investments in Mainland China and a strong demand for foreign talents by local Mainland Chinese companies, many foreigners are working nowadays either permanently or temporarily in Mainland China. These foreigners are advised to do proper ahead of time tax planning or revise their employment/assignment arrangements in Mainland… Continue reading Mainland China Individual Income Tax for Foreigners
Housing benefits received by directors/employees from employers or the employers’ affiliated corporations are generally subject to salaries tax in Hong Kong unless an offshore/exemption claim on their directors’ fees/employment income can be satisfied. However, the salaries tax can be potentially mitigated in most circumstances in case the housing benefits are provided in the form of… Continue reading Housing Benefits & Allowance in Hong Kong
Singapore and Hong Kong are two international cities in the Asia Pacific region which attract a lot of foreigners for investment and work opportunities. One of the concerns these foreigners may have is the individual income tax liabilities on their income earned. In Hong Kong, the income tax rates applied to non-resident individuals have remained… Continue reading Non-Resident Individuals Income Tax Rates in Singapore and Hong Kong
Tax evasion and money laundering have been major concerns to most of the governments for years. In order to strengthen the control over money laundering activities through the banks, the Hong Kong Monetary Authority (the ‘HKMA’) has recently requested the banks in Hong Kong to closely look into their clients. In particular, the bank’s clients… Continue reading Money Laundering Controls on Banks
On the 25 February 2015, which also happened to be the Chinese ‘common birthday’, the Financial Secretary, Mr. John Tsang, delivered his eighth budget speech for the fiscal year 2015-16 with the theme ‘Diversification of Development and Augmentation of Competitiveness’.
HKWJ Tax Law & Partners makes it easy to begin. From tax compliance and advisory to accounting, incorporation, and business support, our team delivers tailored solutions with confidentiality and care — helping you move forward with confidence.
Contact us to explore how we can support your business and personal needs.
Contact Us
