Tax Disputes & Investigations
There is a unit in the Hong Kong Inland Revenue Department (IRD), by some also called a Hong Kong tax authority or a Hong Kong tax office, specialised in tax audit and investigations. They do in-depth review and investigations on cases selected. The selected taxpayers will likely have to spend a lot of time and manpower on dealing with the tax audit investigation.
Our Hong Kong tax lawyer provides professional assistance to clients who are selected for tax audit. We also help to plan a proper strategy to reduce the tax and/or penalty (if any) as much as possible for clients. In addition, our Hong Kong tax lawyer can assist in attending interviews with the IRD, handling tax enquiries from the IRD, preparing and filing settlement proposals to the IRD.
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Salaries Tax Reporting by Employers and Employees – Any Errors Made?6 March 2020
Introduction Watch out! Are you receiving certain fringe benefits, such as housing benefits, share option benefits and share award benefits from your employer? Did you and your employer both report the fringe benefits to the Hong Kong Inland Revenue Department (“HK-IRD”) correctly in order to avoid any over-charge of your own Hong Kong salaries tax… read more
The Fifth Protocol to the Double Taxation Arrangement between Mainland China and Hong Kong5 March 2020
Introduction Mainland China and Hong Kong have entered into their Fifth Protocol (“Fifth Protocol”) to their Comprehensive Avoidance of Double Taxation Arrangement (“CN/HK-DTA”), which has officially come into operation in Mainland China since 1 January 2020 and will apply in Hong Kong as from 1 April 2020. The major contents of the Fifth Protocol are… read more
Hong Kong 2020-21 Budget2 March 2020
Introduction On 26 February 2020, the Financial Secretary of Hong Kong announced the Budget for the fiscal year 2020-21. The forecast is that for the fiscal year 2019-20, there will be a deficit of around HKD 37.8 billion, and that the fiscal reserves are expected to become HKD 1,133.1 billion by 31 March 2020. The… read more