Hong Kong strives to be a leading asset and wealth management hub and attract more funds with favorable taxation.
Certificate of Resident Status (CoR) is a document issued by the Hong Kong Inland Revenue Department (IRD) stating that the applicant, who can be an individual or an entity, is a Hong Kong tax resident under the double tax agreement (DTA) between Hong Kong and a particular foreign tax jurisdiction for a particular calendar year. […]
The gains or profits earned from NFTs are often not insignificant. Therefore, it’s recommended to understand any crypto tax reporting requirements and the tax consequences in your specific jurisdiction.
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 […]
