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tax deduction allowances - HKWJ Tax Law

Guide to Tax Deductions, Allowances & Incentives in Hong Kong

Hong Kong is well known for its low-tax, business-friendly environment. With no VAT or GST and a straightforward tax structure, the city is an attractive destination for both companies and individuals. However, understanding what tax deductions and allowances are available under Hong Kong’s Inland Revenue Ordinance (IRO) can help you further reduce your tax liabilities […]

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 […]

property market stamp duty - HKWJ Tax Law

Housing Benefits & Allowance in Hong Kong

Housing benefits received by directors/employees from employers or the employers’ affiliated corporations are generally subject to salaries tax in Hong Kong unless an offshore/exemption claim on their directors’ fees/employment income can be satisfied. However, the salaries tax can be potentially mitigated in most circumstances in case the housing benefits are provided in the form of […]