In this article, we will go into tax field audits on companies and individuals in Hong Kong and how to navigate through them.
One of the most disputed areas is regarding source or taxability of income and offshore claims.
Hong Kong announced the Budget for the fiscal year 2023-24 with the theme ‘Leaping Forward Steadily, Together We Bolster Prosperity under Our New Vision’.
A sustainable tax practice involves being aware of a company’s tax “footprint” and whether it aligns with the policy intent, having the right risk control and management processes in place, and accepting accountability for the consequences of a company’s actions.
