The Hong Kong fiscal year runs from 1 April to 31 March of the following year. Accounting period for businesses can be departed from the fiscal year. However, the end of the fiscal year comes with the start of the 2022 tax filing season. No matter whether it is your first time to file tax […]
Despite its lack of government oversight, governments and tax authorities are starting to set up frameworks to tax crypto currencies.
Withholding tax generally refers to income tax paid to the government by the payer of the income instead of the recipient of the income. As implied by its name, the tax is withheld or deducted from the payment made to the recipient. Which Payments are Subject to Withholding Tax in Hong Kong? Royalty / licence fee made to a non-Hong Kong resident for […]
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 […]