Taxation in Hong Kong – Straightforward or Simple?
Hong Kong tax system may seem simple but whether it is also a straightforward system is up for debate
Our curated articles, expert analyses, and practical guidance help finance and business leaders navigate regulatory changes, optimise operations, and seize growth opportunities.
Hong Kong tax system may seem simple but whether it is also a straightforward system is up for debate
A possible way to rectify the errors in prior years’ tax reporting in the United States is now available
The gains or profits earned from NFTs are often not insignificant. Therefore, it’s recommended to understand any crypto tax reporting requirements and the tax consequences in your specific jurisdiction.
Because of its many benefits, high security standards and accessibility, cloud accounting is suitable for virtually every business, from sole proprietorships to multinational enterprises.
This article looks into why you would need a trademark, its importance in e-commerce business, how to apply for a Hong Kong trademark and registering trademarks in China and the US.
On 28 July 2021, the Hong Kong Inland Revenue Department (“IRD”) released its guidance on tax issues arising from the pandemic.
On 24 February 2021, the Financial Secretary of Hong Kong announced the Budget for the fiscal year 2021-22. The forecast is that for the fiscal year 2020-21, there will be a deficit of around HKD 257.6 billion, and that the fiscal reserves are expected to become HKD 902.7 billion by 31 March 2021. The focus… Continue reading 2021-22 Hong Kong Budget
One of their major concerns of relocations to Hong Kong is taxes for expats. These expatriates are usually concerned about their individual tax position and exposures, not only in Hong Kong itself, but also in foreign tax jurisdiction(s) such as their home country. In particular, they may wonder whether there are any possible ways to… Continue reading Mitigation of Taxes for Expats in Hong Kong
Last April 2020, the Organisation for Economic Co-operation and Development (“OECD”) issued the ‘OECD Secretariat Analysis of Tax Treaties and the Impact of the COVID-19 Crisis’ (“the Analysis”). The Analysis is a practical COVID-19 tax guidance. It provides governments around the world with guidelines on how to treat unintended or adverse tax consequences that taxpayers… Continue reading COVID-19 Tax Guidance Update on Tax Treaties
Due to the COVID-19 pandemic, governments have taken unprecedented measures such as implementing strict quarantine requirements or travel restrictions. As a result, senior executives who are used to travel frequently may now be forced to stay much longer in a host country than usually or even get stranded there. This situation may raise significant Covid-19… Continue reading Covid-19 Tax Concerns in Hong Kong
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