Introduction Mainland China has entered into double tax treaties/arrangements (“DTAs”) with more than 100 tax jurisdictions including Hong Kong, the Netherlands and several European countries. Apart from preventing potential double taxation by both Mainland China and its tax treaty partners, Mainland China DTAs in general offer favourable withholding tax rates on dividends, interests and royalties… read more

On 15 August 2019, the Financial Secretary of Hong Kong announced a number of relief measures (worth of approximately HKD 19.1 billion) to support businesses, safeguard jobs and relieve people’s financial burdens. The relief measures relevant for enterprises as well as middle-class and upper-class individuals include the following: (i) Tax reduction In addition to the… read more

Introduction For the benefits of our own health, many of us conduct on a regular basis a body check, which potentially enables us to ‘spot’ at an early stage any illnesses we might need to face soon or later. Nowadays, such ‘health-check’ is equally important for most businesses and/or companies in the world as they… read more

Introduction In order to be entitled to certain tax benefits granted under double taxation agreements (“DTAs”) such as reduction of withholding tax rates on dividend income, interest income and royalty income, it is generally required for recipients of the said income to prove that, amongst others, they are the beneficial owners of the income concerned… read more

This article is a friendly reminder to taxpayers who have individual tax filing obligations in Hong Kong. Introduction On 2 May 2019, the Hong Kong Inland Revenue Department (“HK-IRD”) issued annual Individual Tax Returns (BIR 60) (“Tax Returns”) for the year of assessment 2018/19 to taxpayers for completion. Taxpayers are obliged to complete and file… read more