Our curated articles, expert analyses, and practical guidance help finance and business leaders navigate regulatory changes, optimise operations, and seize growth opportunities.
For years, people have incorporated offshore entities for the benefit of asset protection, privacy or tax reduction. Although an offshore company is a popular vehicle for people to carry a business from, it is surprising to see how many people tend to mix up the concept of an offshore entity with the concept of an… Continue reading Offshore Company vs Offshore Income
Have you ever thought of creating your own business? Some people are of the view that it would be especially good for the young generation to start their own business due to their creativity, flexibility, hunger for success, fearlessness and technology knowledge. The young entrepreneurs are capable of bringing new ideas and skills to the… Continue reading Startup – Are You Ready to be an Entrepreneur?
There have been a recent increase in the number of fraudulent emails also called phishing emails. A fraudulent email is a method used by the hackers/fraudsters to lure you into providing your personal information/account data and transferring monies into a fraudulent account. The on of the most common types of frauds are fraudulent email schemes.… Continue reading Phishing Emails & Hackings Protection
With the technological advancement and roll out of internet and electronic remote messaging came along new fraudulent scams and investment frauds different from traditional schemes. Thanks to mobile and online applications as well as social media platforms fraudsters have ever since been using these methods to lure people looking into legitimate investment income into fraud.… Continue reading Common Types of Investment & Securities Fraud
In Hong Kong, we are somehow in the very ‘luxurious’ position not to have only 1 General Anti-Avoidance Rule provision (“GAAR”), but even to have 2 GAAR provisions. The first GAAR provision can be found in section 61 of the Hong Kong Inland Revenue Ordinance (“IRO”), and the second GAAR provision in section 61A of… Continue reading Hong Kong General Anti-Avoidance Rules
On 4 November 2016, the Hong Kong SAR Government (‘the Government’) proposed a stamp duty increment. This increased the previous Scale 1 rates (i.e. ranged from 1.5% to 8.5%) on ad valorem stamp duty (‘AVD’) in respect of residential properties to a flat rate of 15%, for the purpose of combating the speculative activities in… Continue reading Increment of Stamp Duty Rate on Residential Property Transactions in Hong Kong
The Organisation of Economic Cooperation and Development (“OECD”) is currently working on a new digital taxation proposal to further address the Base Erosion and Profits Shifting (“BEPS”) project, which is also commonly known as “BEPS 2.0”. BEPS 2.0 has two components, namely Pillar One and Pillar Two. Pillar Two (i.e. the imposition of a global… Continue reading Digital Taxation – A Global New Tax for Digital Economy
HKWJ Tax Law & Partners Limited offers a tax health check to all its new potential clients. Upon engaging us, we will set-out in a memo, which is based on the information you provide to us about yourself or your company, the potential tax issues you or your company will be facing and the potential… Continue reading Tax Health Check – Are You Tax Ready?
Many businesses and entrepreneurs have become fully aware that since the last couple of years, it has become rather difficult either to maintain & keep their Hong Kong corporate bank account open and alive or even simply to apply for a Hong Kong corporate bank account. Despite providing the banks with the requested information or… Continue reading Corporate Bank Accounts Closures
On 25 November 2020, the Chief Executive, Mrs Carrie Lam, announced in her Policy Address to abolish the Doubled Ad Valorem Stamp Duty (“DSD”) on non-residential property transactions with effect from 26 November 2020. Accordingly, any chargeable instruments on commercial property market transactions executed on or after 26 November 2020 will be subject to Stamp… Continue reading Is it a Silver Lining for Hong Kong’s Commercial Property Market?
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