There are multiple banking solutions available in Hong Kong, at both traditional and virtual banks. Learn how to choose the right solution for your company.
There are multiple banking solutions available in Hong Kong, at both traditional and virtual banks. Learn how to choose the right solution for your company.
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?
Despite its lack of government oversight, governments and tax authorities are starting to set up frameworks to tax crypto currencies.
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
A main feature of the Hong Kong has system has been introduced. It is a tax incentive called the two-tiered profits tax rates. The two-tiered profits tax rates regime applies to corporations and unincorporated businesses (i.e. sole proprietorship and partnership businesses) by lowering the tax rates for the first HKD 2 million of assessable profits… Continue reading Two-Tiered Profits Tax Rates in Hong Kong
Tax depreciation allowances for the expenditure of fixed assets are available to Hong Kong taxpayers subject to profits tax. It is normally granted on the condition that such fixed assets were acquired to generate assessable income for the taxpayer. However, pursuant to the Hong Kong tax laws, expenditure of capital in nature are not tax deductible when calculating… Continue reading Depreciation Allowances under Hong Kong Profits Tax
In order to further develop the asset management and the related service industries, the Hong Kong Government on 17 July 2015 published in the Gazette, the Inland Revenue (Amendment) (No. 2) Ordinance 2015 (‘Amendment Ordinance’), under which the profits tax exemption for offshore funds shall be extended to private equity funds. Pursuant to the Amendment… Continue reading Profits Tax Exemption to Offshore Funds from Private Equity Funds
In April, most companies receive the Employer’s Returns and Profits Tax Returns. How should you approach these annual tax filing obligations?
Comparing Hong Kong and Singapore for your business relocation? Here’s an honest breakdown of tax, costs, banking, and which jurisdiction fits your needs.
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