A service PE is maintained by a foreign entity in Mainland China, the relevant individuals assigned to Mainland China will potentially be exposed to Mainland China individual income tax, irrespective of whether or not the individuals stayed in Mainland China for more than 183 days in a year.
Understand Hong Kong’s financial year end: what it is, how to change it, and key considerations.
In this article, we will go into tax field audits on companies and individuals in Hong Kong and how to navigate through them.
For individual taxpayers in Hong Kong, the BIR60 form is a crucial document that shouldn’t be overlooked. This guide offers a step-by-step walkthrough of the BIR60 form.
Many people assume that the services of a tax advisor are only for the rich or that you just don’t need one. But most of the time, you would be better off when using a tax consultant or advisor. The tax system in Hong Kong is simple but not straightforward. It can be challenging to… Continue reading 5 Benefits of a Tax Advisor for Businesses and Individuals
there are different tax deductions and allowances available under the Hong Kong tax regimes and the availability of them depends on the circumstances of the taxpayer.
Since the Iran conflict intensified, one question has come up in almost every conversation we have with Dubai-based business owners: “Do I have to close my Dubai company to set up in Hong Kong or Singapore?” The short answer is: absolutely not. In fact, closing your Dubai entity prematurely is one of the most common—and costly—mistakes… Continue reading Can You Maintain Your Dubai Company While Setting Up in Hong Kong or Singapore?
If you’re reading this, you’ve likely already decided that relocating from Dubai—or expanding into Asia—makes sense. The question now is: Hong Kong or Singapore? Hong Kong and Singapore are world-class financial hubs. Both offer favorable tax treatment. Both have strong legal systems, sophisticated banking, and business-friendly environments. But they are not interchangeable. Choose the wrong one,… Continue reading Hong Kong vs Singapore for Business in 2026: Which Is Right for You?
Navigating the Inland Revenue Department’s eTAX system can be complex for growing businesses. This comprehensive guide explains Hong Kong’s employer e-filing requirements, including how to use the IR56 Forms Preparation Tool, the differences between submission modes, and how engaging a professional tax representative can ensure 100% compliance.
Employer’s Return forms, commonly recognised as the BIR56A form and IR56B forms in Hong Kong, are a key tax compliance requirement for companies. These documents are the tax return form for employers and must be prepared carefully and submitted on time to the Inland Revenue Department (IRD). What are the IR56B and BIR56A forms (Employer’s… Continue reading IR56B and BIR56A Forms: An Intro to the Employer’s Return Forms
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