To promote the research and development (“R&D”) sector and the creative industries in Hong Kong to exploit their intellectual property (“IP”) rights for economic growth and competitiveness, the Hong Kong government has introduced the Patent Box Regime.
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’.
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 […]
