Despite its lack of government oversight, governments and tax authorities are starting to set up frameworks to tax crypto currencies.
Despite its lack of government oversight, governments and tax authorities are starting to set up frameworks to tax crypto currencies.
A main feature of the Hong Kong has system has been introduced. It is a tax incentive called the two-tiered profits tax rates. The two-tiered profits tax rates regime applies to corporations and unincorporated businesses (i.e. sole proprietorship and partnership businesses) by lowering the tax rates for the first HKD 2 million of assessable profits… Continue reading Two-Tiered Profits Tax Rates in Hong Kong
In order to further develop the asset management and the related service industries, the Hong Kong Government on 17 July 2015 published in the Gazette, the Inland Revenue (Amendment) (No. 2) Ordinance 2015 (‘Amendment Ordinance’), under which the profits tax exemption for offshore funds shall be extended to private equity funds. Pursuant to the Amendment… Continue reading Profits Tax Exemption to Offshore Funds from Private Equity Funds
In April, most companies receive the Employer’s Returns and Profits Tax Returns. How should you approach these annual tax filing obligations?
Hong Kong is well known for its low-tax, business-friendly environment. With no VAT or GST. Understanding what tax deductions and allowances are available under Hong Kong’s Inland Revenue Ordinance (IRO) can help you further reduce your tax liabilities and improve compliance. In this guide, we’ll break down the types of taxes in Hong Kong and… Continue reading Guide to Tax Deductions, Allowances & Incentives in Hong Kong (Updated for the 2026-27 Budget)
The question whether or not the profits including commissions arising out of securities and commodities trading are subject to Hong Kong corporate income tax have been subject to several Hong Court cases. In Nice Cheer Investment Limited v CIR (HCIA 8/2007), dated 28th of June 2011, were however the unrealised gains arising out of the… Continue reading Trading Securities and Commodities and Corporate Income
On 21 December 2017, the Chinese central government authorities issued a tax circular Caishui [2017] No. 88 (“Circular 88”) on China investment profits by foreign investors. According to Circular 88 and subject to conditions discussed below, foreign investors are allowed to defer payment of withholding tax on dividend income from equity investments in Chinese resident… Continue reading Mainland China Deferral of Payment of Withholding Tax on Investment Profits
Explore the essentials of tax credit Hong Kong, from foreign credits to tax incentives. Navigate Hong Kong’s tax system with confidence.
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