Personal tax in Hong Kong may not be as straightforward as one may think. There are various tax reporting and notification obligations with stipulated deadlines imposed to different parties, including employee and employee, under the Hong Kong tax law. Individual taxpayers may also minimise their tax burden by claiming tax deductions, personal allowances and/or exemption provided in local tax regulation or double tax treaty.
We can assist with providing tax advisory services to both employer and individuals regarding their personal tax obligations. In addition, we can review and explore for clients opportunities for reducing the tax liability in a legal and acceptable way. If necessary, we can assist our clients to prepare tax projections where their can well manage the cash flow for tax payment in advance. In summary, we can assist with:
- individual tax returns
- employer’s tax filings
- lodging objection against tax assessments
- handling tax enqueries from the tax authorities
- housing allowance / rental reimbursement programmes
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Enjoyment of Tax Benefits Granted Under Mainland China Double Tax Treaties28 August 2019
Introduction Mainland China has entered into double tax treaties/arrangements (“DTAs”) with more than 100 tax jurisdictions including Hong Kong, the Netherlands and several European countries. Apart from preventing potential double taxation by both Mainland China and its tax treaty partners, Mainland China DTAs in general offer favourable withholding tax rates on dividends, interests and royalties… read more
Hong Kong Government’s New Multi-Billion Dollar Relief Measures26 August 2019
On 15 August 2019, the Financial Secretary of Hong Kong announced a number of relief measures (worth of approximately HKD 19.1 billion) to support businesses, safeguard jobs and relieve people’s financial burdens. The relief measures relevant for enterprises as well as middle-class and upper-class individuals include the following: (i) Tax reduction In addition to the… read more
How Healthy Is Your Company?15 July 2019
Introduction For the benefits of our own health, many of us conduct on a regular basis a body check, which potentially enables us to ‘spot’ at an early stage any illnesses we might need to face soon or later. Nowadays, such ‘health-check’ is equally important for most businesses and/or companies in the world as they… read more
Certificate of Resident Status – Is Your Company Able To Obtain It?23 May 2019
Introduction In order to be entitled to certain tax benefits granted under double taxation agreements (“DTAs”) such as reduction of withholding tax rates on dividend income, interest income and royalty income, it is generally required for recipients of the said income to prove that, amongst others, they are the beneficial owners of the income concerned… read more