Same sex marriage tax implications in Hong Kong - HKWJ Tax Law

Same-sex Marriage Tax Implications in Hong Kong

The Hong Kong Inland Revenue Department updated its practice notes in February 2020 to reflect the remedial interpretation of a marriage as delivered to include same-sex marriage as a consequence of the Leung Chun Kwong v Secretary for the Civil Service (2019) 22 HKCRAF 127 (“the Leung Case”). Let’s explore the case and the same-sex […]

Individual Tax Return Filing 2020/21 - HKWJ Tax Law

Individual Tax Return Filing 2020/21

The Hong Kong Inland Revenue Department or simply the Hong Kong Tax Authority (“IRD”) has now issued the year 2020/21 individual (salaries) tax returns (yes, that green envelope) for completion. We would like to offer you some individual tax return tips on your individual tax Return filing 2020/21. Tax Exemption Claims for Individual Tax Returns […]

offshore fund rivate equity fund profits tax exemption HKWJ Tax Law

Profits Tax Exemption to Offshore Funds from Private Equity Funds

In order to further develop the asset management and the related service industries, the Hong Kong Government on 17 July 2015 published in the Gazette, the Inland Revenue (Amendment) (No. 2) Ordinance 2015 (‘Amendment Ordinance’), under which the profits tax exemption for offshore funds shall be extended to private equity funds. Pursuant to the Amendment […]

Transfer of Shares of A Limited Company

The transfer of shares in a Hong Kong Limited Company (the “Company”) relates to transferring the ownership of a share(s) from one person to another. For these purposes, an Instrument of Transfer and Bought Sold Note must be stamped by the Hong Kong Inland Revenue Department Stamp Office. Together supporting documents and the amount of […]