significant controller register - HKWJ Tax Law

Significant Controller Register in Hong Kong

Every company in Hong Kong, except for listed companies, needs to have a so-called ‘Significant Controller Register’ in place that will identify the beneficial owner(s) of a Hong Kong company. This is a rule that was introduced in Hong Kong as per 1 March 2018 through the Companies (Amendment) Ordinance 2018. Why a Modernization of […]

business-registration-incorporation-hong-kong-hkwj-tax-law

Business Registration in Hong Kong

Business registration is a process of registering as a business that carries on business operations in Hong Kong or any other overseas or  local jurisdiction. There are several legal steps and requirements to getting a business registration certificate and being officially incorporated in Hong Kong.  Business Registration Legal Requirements In accordance with the Hong Kong […]

legal consequences of filing an incorrect tax return - HKWJ Tax Law

Legal Consequences of Filing an Incorrect Tax Return

The Hong Kong Inland Revenue Ordinance (“IRO”) imposes strict requirements for individual returns filings and aims at avoiding the filing of incorrect tax returns by the individuals. If those requirements are not met, the relevant punitive provisions empower the Commissioner of Inland Revenue, depending on: The nature and/or the degree of culpability of the offence […]

automatic exchnage of tax information - HKWJ Tax Law

Automatic Exchange of Information for Tax Purpose in Mainland China

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 […]