In this article, we explain Hong Kong tax treaties, illustrating their significance and impact on fiscal responsibilities in Hong Kong.
The Hong Kong tax system operates on a territorial source principle, applying to individuals who earn employment income/director’s fees (Salaries Tax), rental income (Property Tax), or business profits (Profits Tax) from within its jurisdiction. This taxation applies irrespective of whether one is a tax resident of Hong Kong. Salaries Tax Liability If you are an […]
In Hong Kong’s corporate sector, understanding the nuances of various tax-related forms is crucial for employers. One such form, the IR56G, plays a vital role when an employee decides to leave not just their job, but also Hong Kong itself. The IR56G form is part of the Tax Clearance process when leaving Hong Kong. What […]
In Hong Kong, once a business brings an employee on board, it must adhere to a variety of reporting responsibilities. An important one among these is the task of submitting Hong Kong Employer Returns. While many are familiar with the IR56B form, the IR56F form is equally important. The IR56F form is used when an […]
