On 28 February 2024, the Financial Secretary of Hong Kong announced the Budget for the fiscal year 2024-25 with the theme ‘Advance with Confidence, Seize Opportunities, Strive for High-quality Development’. Looking ahead for 2024, the Financial Secretary is of the view that the global economy will still be shadowed by uncertainty due to various factors, […]
Stamp duty costs are significant under certain situations, in particular involving acquisition and transfer of immovable properties and shares of high value.
Tax planning is relevant for individuals and companies alike who wish to mitigate tax liabilities as well as plan ahead for the payment of those. Such planning is also part of tax management and it is a key facet of estate planning. It is important to be aware that proper tax planning is beneficial to […]
Some of these jurisdictions including Mainland China are not accustomed yet to take tax advice or even willing to pay for tax advice, as they think that nominees/third party structures are sufficient and are convinced that they are able to stay out of the hands of the relevant tax authorities. This may fall into the […]
