In this article, we’ll explore how ESOPs work in Hong Kong, the tax implications of ESOPs, and how to set up an ESOP for your business.
Hong Kong tax system adopts low tax rates and is relatively straightforward and features certain types of tax deductions. Further, Hong Kong does not impose value added taxes or goods and services taxes. Under the Hong Kong Inland Revenue Ordinance (“IRO”), there are however three types of taxes charged: Property Tax, which is charged on […]
Under the Hong Kong salaries tax system, both employers and employees/directors are obliged to report the employment remuneration/directors’ remuneration to the HK-IRD by filing annual employer’s returns and individual tax returns respectively.