With an advance ruling, you can confidently plan their transactions with the assurance that the tax treatment has been agreed in advance and to avoid tax disputes.
It is sometimes argued that a company incorporated under HK Law (“HK Co”) will (a) automatically be regarded as a Hong Kong tax resident; and (b) only be subject to corporate tax in Hong Kong but not in other tax jurisdictions. However, one has to be well aware that if HK Co lacks (has insufficient) ‘tax […]
A business is recommended to conduct a thorough organizational health check-up and period review on its legal and tax aspects every year.
Hong Kong strives to be a leading asset and wealth management hub and attract more funds with favorable taxation.
