On 25 November 2020, the Chief Executive, Mrs Carrie Lam, announced in her Policy Address to abolish the Doubled Ad Valorem Stamp Duty (“DSD”) on non-residential property transactions with effect from 26 November 2020. Accordingly, any chargeable instruments on commercial property market transactions executed on or after 26 November 2020 will be subject to Stamp […]
The Institute for International Finance (“IIF”) recently warned of the attack of the debt tsunami as a result of the unprecedented fiscal and monetary stimulus packages implemented by governments around the globe pushing the global debt levels to a new high of more than US$ 272 trillion in the third quarter of 2020. The IIF […]
A freelancer may see themselves as a causal employee working with different employers without committing his/her full time to them. However, without any relationship of master and servant, if the freelancer’s income is derived from providing professional or personal services in Hong Kong, he/she will be considered as carrying on a business and a self-employed […]
Due to the COVID-19 pandemic, governments have taken unprecedented measures such as implementing strict quarantine requirements or travel restrictions. As a result, senior executives who are used to travel frequently may now be forced to stay much longer in a host country than usually or even get stranded there. This situation may raise significant Covid-19 […]
