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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Hong Kong 2019-2020 Budget7 March 2019
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