Understand Hong Kong’s financial year end: what it is, how to change it, and key considerations.
Understand Hong Kong’s financial year end: what it is, how to change it, and key considerations.
For individual taxpayers in Hong Kong, the BIR60 form is a crucial document that shouldn’t be overlooked. This guide offers a step-by-step walkthrough of the BIR60 form.
Many people assume that the services of a tax advisor are only for the rich or that you just don’t need one. But most of the time, you would be better off when using a tax consultant or advisor. The tax system in Hong Kong is simple but not straightforward. It can be challenging to… Continue reading 5 Benefits of a Tax Advisor for Businesses and Individuals
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.
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
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 deductible when calculating… Continue reading Depreciation Allowances under Hong Kong Profits Tax
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
Think Hong Kong has no withholding tax? Not exactly. While many types of income are exempt, there are specific situations where you are legally required to withhold tax for the Inland Revenue Department (IRD). Here is your guide. When we talk about “Withholding Tax” (WHT) in Hong Kong, business owners often assume it doesn’t apply… Continue reading Understanding Withholding Tax in Hong Kong: What You Must Know
Strategic tax planning just got easier for Hong Kong businesses looking to expand into Central Asia. Here is everything you need to know about the new Comprehensive Double Tax Agreement (CDTA). On March 4, 2026, Hong Kong and the Kyrgyz Republic officially signed a Comprehensive Double Tax Agreement (CDTA), marking a significant milestone in international… Continue reading Hong Kong and Kyrgyzstan Sign New Tax Treaty: What It Means for Investors
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