tax depreciation allowance

Depreciation Allowances under Hong Kong Profits Tax

Tax depreciation allowances for the expenditure of fixed assets are available to Hong Kong taxpayers subject to profits tax. It is normally granted on the condition that such fixed assets were acquired to generate assessable income for the taxpayer. However, pursuant to the Hong Kong tax laws, expenditure of capital in nature are not tax […]

China Outbound Remittances - HKWJ Tax Law

Mainland China Outbound Remittances

With a view to mitigate the risks of loss of tax revenue in respect of outbound payments to foreign institutions and individuals, it is required by the Mainland Chinese tax authorities to go through certain procedures before outbound remittance can be made from out of Mainland China. Nature and amount of outbound remittance subject to […]

financial due diligence

Financial due diligence in an M&A transaction

Due diligence is the best way to assess the value of a business, the associated risks and whether the transaction is viable when a company is considering an M&A transaction. There are several types of due diligence, the most commonly known being financial and legal due diligence. Legal due diligence reviews licenses, contracts, warranties and […]