Hong Kong tax system adopts low tax rates and is relatively straightforward and features certain types of tax deductions. Further, Hong Kong does not impose value added taxes or goods and services taxes. Under the Hong Kong Inland Revenue Ordinance (“IRO”), there are however three types of taxes charged: Property Tax, which is charged on […]
On 26 February 2025, Hong Kong’s Financial Secretary announced the Budget for the fiscal year 2025-26, outlining economic forecasts, tax policies, and support measures aimed at strengthening the city’s economy. Economic Outlook Despite a complicated and changing environment, Hong Kong’s economy grew by 2.5% in 2024. Employment remained stable, inflation was moderate, and the city […]
When it comes to choosing the best place to establish or expand a business in Asia, the debate often boils down to Hong Kong versus Singapore. As two of the most prominent financial and trade hubs in the region, they attract entrepreneurs, multinational corporations, and investors seeking opportunities in Asia’s dynamic markets. This guide provides […]
The world of taxes can be an overwhelming experience, especially in a global financial centre like Hong Kong. Whether you’re an individual managing personal finances or a business grappling with intricate corporate tax obligations, having the right legal guidance is invaluable. Tax laws can be challenging to interpret, making it crucial to seek professional advice […]
