Despite its lack of government oversight, governments and tax authorities are starting to set up frameworks to tax crypto currencies.
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 […]
The Hong Kong Inland Revenue Ordinance (“IRO”) imposes strict requirements for individual returns filings and aims at avoiding the filing of incorrect tax returns by the individuals. If those requirements are not met, the relevant punitive provisions empower the Commissioner of Inland Revenue, depending on: The nature and/or the degree of culpability of the offence […]
For the purpose of combating cross border tax evasion, Mainland China is one of the more than 100 tax jurisdictions which has committed to implement automatic exchange of information (‘AEOI’), by signing the Multilateral Convention on Mutual Administrative Assistance in Tax Matters in August 2013 and entering into the Multilateral Competent Authority Agreement on Automatic […]
