Hong Kong Budget 2023-24
Hong Kong announced the Budget for the fiscal year 2023-24 with the theme ‘Leaping Forward Steadily, Together We Bolster Prosperity under Our New Vision’.
Our curated articles, expert analyses, and practical guidance help finance and business leaders navigate regulatory changes, optimise operations, and seize growth opportunities.
Hong Kong announced the Budget for the fiscal year 2023-24 with the theme ‘Leaping Forward Steadily, Together We Bolster Prosperity under Our New Vision’.
A sustainable tax practice involves being aware of a company’s tax “footprint” and whether it aligns with the policy intent, having the right risk control and management processes in place, and accepting accountability for the consequences of a company’s actions.
With an advance ruling, you can confidently plan their transactions with the assurance that the tax treatment has been agreed in advance and to avoid tax disputes.
Does the new FSIE regime impact your company’s tax liability on passive income? Should you take any actions, such as strengthening your economic substance in Hong Kong? Will it help to modify your current business and investment structure?
Understanding share capital is important for making informed decisions in the business world in Hong Kong.
Consolidated financial statements provide a fair presentation when one of the companies of the group directly or indirectly has a controlling financial interest in the other companies.
It is sometimes argued that a company incorporated under HK Law (“HK Co”) will (a) automatically be regarded as a Hong Kong tax resident; and (b) only be subject to corporate tax in Hong Kong but not in other tax jurisdictions. However, one has to be well aware that if HK Co lacks (has insufficient) ‘tax… Continue reading Economic Substance in Hong Kong
In this article we look into e-signatures and digital signatures, their position under Hong Kong law and practical considerations.
A non-executive director is a person who is part of the board of directors in a company but is not involved in the day-to-day operations. Non-executive directors bring an outside perspective to the board; they provide oversight, knowledge, experience and insights and may challenge the management if the need arises. The different types of director… Continue reading What is a Non-Executive Director?
Today (26 October 2022), the Financial Services and The Treasury Bureau of Hong Kong conducted
a briefing session about the latest development of the FSIE Regime, including certain proposed
amendments to the provisions.
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