Whether enough tax substance in a Trust is present will always depend on the relevant facts of the case.
Whether enough tax substance in a Trust is present will always depend on the relevant facts of the case.
Singapore and Hong Kong are two international cities in the Asia Pacific region which attract a lot of foreigners for investment and work opportunities. One of the concerns these foreigners may have is the individual income tax liabilities on their income earned. In Hong Kong, the income tax rates applied to non-resident individuals have remained… Continue reading Non-Resident Individuals Income Tax Rates in Singapore and Hong Kong
One should carefully evaluate the tax implications in both of your home country and the retiring country before making any decision.
Effective from 23 May 2025, Hong Kong’s new re-domiciliation regime allows eligible foreign companies to transfer their place of incorporation to Hong Kong — a move aimed at bolstering the city’s role as an international business hub. Background: why the regime matters Before the new legislation, if a foreign company wanted to migrate its incorporation… Continue reading Hong Kong Launches New Re-domiciliation Regime for Foreign Companies
This guide walks you through what needs to be filed, when, and how, along with practical tips on extensions, recordkeeping, and tax planning.
For the purpose of combating cross border tax evasion, Mainland China is one of the more than 100 tax jurisdictions which has committed to implement automatic exchange of information (‘AEOI’), by signing the Multilateral Convention on Mutual Administrative Assistance in Tax Matters in August 2013 and entering into the Multilateral Competent Authority Agreement on Automatic… Continue reading Automatic Exchange of Information for Tax Purpose in Mainland China
The Hong Kong Inland Revenue Department updated its practice notes in February 2020 to reflect the remedial interpretation of a marriage as delivered to include same-sex marriage as a consequence of the Leung Chun Kwong v Secretary for the Civil Service (2019) 22 HKCRAF 127 (“the Leung Case”). Let’s explore the case and the same-sex… Continue reading Same-sex Marriage Tax Implications in Hong Kong
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… Continue reading Parent and Grandparent Allowance in Hong Kong: Eligibility and Compliance Tips
Hong Kong adopts the territorial source system whereby only income arising in or derived from Hong Kong (referred as ‘onshore income’) is subject to profits tax pursuant to the general charging rule of Section 14(1) of the Inland Revenue Ordinance. In other words, income which is sourced outside Hong Kong (referred as ‘offshore income’) is… Continue reading Partial Offshore Tax Status in Hong Kong
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… Continue reading Tax Preparation in Hong Kong: What You Need to Know for a Smooth Filing Season
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