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.
As the Hong Kong tax filing season approaches, individual taxpayers may be exploring available deductions and allowances to reduce their tax liability. One commonly claimed allowance is the Dependent Parent and Grandparent Allowance, which applies to those who financially support an elderly parent or grandparent. While the allowance offers meaningful tax relief, the eligibility criteria […]
Whether you’re running a start-up in Hong Kong or managing a growing business from overseas, tax season can feel overwhelming — especially if you’re unfamiliar with the system. Though Hong Kong’s tax regime is one of the most business-friendly in the world, it may still be challenging to get it right. In this guide, we’ll […]
Hong Kong is well known for its low-tax, business-friendly environment. With no VAT or GST and a straightforward tax structure, the city is an attractive destination for both companies and individuals. However, understanding what tax deductions and allowances are available under Hong Kong’s Inland Revenue Ordinance (IRO) can help you further reduce your tax liabilities […]