As an international trading and financial centre, Hong Kong double taxation agreements (‘DTAs’) with its trading partners are essential to provide investors certainty in respect of taxing rights and incentives for carrying on business in Hong Kong. The DTA network also stimulates the development of a mutual economy, prevents discrimination and double taxation. Apart from… Continue reading Hong Kong Double Taxation Agreements and Tax Information Exchange Agreements
The Organisation for Economic Co-operation and Development (“OECD”) has developed a raft of action plans in order to counter Base Erosion and Profit Shifting (“BEPS”). According to OECD, BEPS refers to tax planning strategies that exploit gaps and mismatches in tax rules to make profits “disappear” for tax purposes or to shift profits to locations… Continue reading BEPS & Automatic Tax Exchange of Information
In order to improve the implementation of double tax treaties between Mainland China and other tax jurisdictions, the State Administration of Taxation of Mainland China (“SAT”) released in February 2018 a Public Notice [2018] No. 9 (“Public Notice 9”), providing further and clearer guidelines/rules in assessing the Mainland China beneficial ownership (“BO”) status for the… Continue reading Mainland China Beneficial Ownership
An updated checklist to keep track of what you need, depending on your business type – Limited Company, Sole Proprietorship, Partnership or Branch of a Foreign Company.
Pursuant to a co-operation framework agreement entered into in July 2017, Hong Kong, Macau and nine municipalities in the Guangdong Province of Mainland China including Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen and Zhaoqing have strategically integrated to form the Greater Bay Area (“GBA”), with a view to develop the region as a world-class… Continue reading Tax Incentives in the Greater Bay Area and Free Trade Zones/Port in Southern China
Whether enough tax substance in a Trust is present will always depend on the relevant facts of the case.
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
One should carefully evaluate the tax implications in both of your home country and the retiring country before making any decision.
We’ll cover Long Service Payment’s eligibility, detailed calculation methods with practical examples, how it differs from Severance Payment and answer common FAQs.
Effective from 23 May 2025, Hong Kong’s new re-domiciliation regime allows eligible foreign companies to transfer their place of incorporation to Hong Kong — a move aimed at bolstering the city’s role as an international business hub. Background: why the regime matters Before the new legislation, if a foreign company wanted to migrate its incorporation… Continue reading Hong Kong Launches New Re-domiciliation Regime for Foreign Companies
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