For individual taxpayers in Hong Kong, the BIR60 form is a crucial document that shouldn’t be overlooked. This guide offers a step-by-step walkthrough of the BIR60 form.
there are different tax deductions and allowances available under the Hong Kong tax regimes and the availability of them depends on the circumstances of the taxpayer.
As the Hong Kong tax filing season approaches, individual taxpayers may be exploring available deductions and allowances to reduce their tax liability. One commonly claimed allowance is the Dependent Parent and Grandparent Allowance, which applies to those who financially support an elderly parent or grandparent. While the allowance offers meaningful tax relief, the eligibility criteria […]
In general, a sole proprietorship appears to be an ideal business structure for a person who intends to be self-employed and intends to have a small business operation. This is due to the nature of a sole proprietorship of not being an incorporated or separate legal entity. Freelancers also should considered whether their work should […]
