Insights & Topics

Parent and Grandparent Allowance in Hong Kong: Eligibility and Compliance Tips

April 24, 2025 Taxation

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

Partial Offshore Tax Status in Hong Kong

April 21, 2025 Taxation

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

Sole Proprietorship in Hong Kong

April 21, 2025 Business & Corporate Services, Startup & SMEs

In general, a sole proprietorship appears to be an ideal business structure for a person who intends to be self-employed and intends to have a small business operation. This is due to the nature of a sole proprietorship of not being an incorporated or separate legal entity. Freelancers also should considered whether their work should… Continue reading Sole Proprietorship in Hong Kong

Tax Preparation in Hong Kong: What You Need to Know for a Smooth Filing Season

April 11, 2025 Taxation

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

Advance Pricing Arrangement in Hong Kong and Mainland China

April 10, 2025 Taxation

On 29th of March 2012, the Hong Kong Inland Revenue Department (‘Inland Revenue’) finally released its Advance Pricing Arrangement (‘APA’) procedures in its Departmental Interpretation and Practice Notes no 48 (‘DIPN 48’). According to paragraph 1 of DIPN 48, the DIPN will provide guidance for companies willing to conclude an APA and explains its process,… Continue reading Advance Pricing Arrangement in Hong Kong and Mainland China

Leaving Hong Kong: A practical guide to handling your finances

March 25, 2025 Startup & SMEs

Each year, many people enter and leave Hong Kong. Perhaps you are moving back home or to an opportunity elsewhere. There are many things to take care of regarding your move. 

Dormant Companies in Hong Kong

March 25, 2025 Business & Corporate Services

A dormant company is considered to be a company which does not trade and has no significant transactions throughout a given timeframe. This should not be confused with the colloquial term “non-trading companies” as they are substantially different. A non-trading company means it is currently carrying out no business, but it does not mean it… Continue reading Dormant Companies in Hong Kong

Tax Representative, Tax Agent & Tax Accountant

March 10, 2025 Taxation

The roles and duties of a tax representative and a tax agent vary in different countries and different terms are used. Generally, a tax representative operates as the client’s company and the tax agent operates representing its own name. Nevertheless, both operate on behalf of the client’s company and can discharge the assigned legal duties.… Continue reading Tax Representative, Tax Agent & Tax Accountant

Salaries Tax Reporting Errors, Omissions & Corrections

March 6, 2025 Taxation

Under the Hong Kong salaries tax system, both employers and employees/directors are obliged to report the employment remuneration/directors’ remuneration to the HK-IRD by filing annual employer’s returns and individual tax returns respectively.

Protocols to the Double Taxation Arrangement between Mainland China and Hong Kong

March 5, 2025 Taxation

Mainland China and Hong Kong have entered into their Fifth Protocol to their Comprehensive Avoidance of Double Taxation Arrangement.