As the Hong Kong tax filing season approaches, individual taxpayers may be exploring available deductions and allowances to reduce their tax liability. One commonly claimed allowance is the Dependent Parent and Grandparent Allowance, which applies to those who financially support an elderly parent or grandparent. While the allowance offers meaningful tax relief, the eligibility criteria […]
there are different tax deductions and allowances available under the Hong Kong tax regimes and the availability of them depends on the circumstances of the taxpayer.
A tax demand note is a tax assessment issued by the Inland Revenue Department (“IRD”) to any person who is chargeable to tax under the Inland Revenue Ordinance (“IRO”). Upon receipt of a tax demand note from the IRD, one should carefully review the information contained therein. Neglection of a tax demand note may lead […]
One of their major concerns of relocations to Hong Kong is taxes for expats. These expatriates are usually concerned about their individual tax position and exposures, not only in Hong Kong itself, but also in foreign tax jurisdiction(s) such as their home country. In particular, they may wonder whether there are any possible ways to […]
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