Despite its lack of government oversight, governments and tax authorities are starting to set up frameworks to tax crypto currencies.
Despite its lack of government oversight, governments and tax authorities are starting to set up frameworks to tax crypto currencies.
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
This guide walks you through what needs to be filed, when, and how, along with practical tips on extensions, recordkeeping, and tax planning.
Global mobility has allowed more and more companies to request their personnel to carry out work duties outside the companies’ home tax jurisdiction. In the past, most working arrangements abroad were rather permanent, nowadays jobs are also performed on an assignment/secondment basis or on a commuter basis or even as a combination of these latter… Continue reading Global Mobility Issues from a Corporate & Income Tax Perspective
One of their major concerns of relocations to Hong Kong is taxes for expats. These expatriates are usually concerned about their individual tax position and exposures, not only in Hong Kong itself, but also in foreign tax jurisdiction(s) such as their home country. In particular, they may wonder whether there are any possible ways to… Continue reading Mitigation of Taxes for Expats in Hong Kong
Due to the COVID-19 pandemic, governments have taken unprecedented measures such as implementing strict quarantine requirements or travel restrictions. As a result, senior executives who are used to travel frequently may now be forced to stay much longer in a host country than usually or even get stranded there. This situation may raise significant Covid-19… Continue reading Covid-19 Tax Concerns in Hong Kong
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