Tax Laws & Policies

📋 Key Facts at a Glance Territorial Principle: Hong Kong only taxes profits sourced in or derived from Hong Kong (Section 14, Inland Revenue Ordinance). Pr...

📋 Key Facts at a Glance Core Principle: Hong Kong has no specific crypto tax law; the Inland Revenue Department (IRD) applies existing tax principles on a...

📋 Key Facts at a Glance Territorial Basis: Hong Kong only taxes profits sourced in Hong Kong. Foreign-sourced income is generally not taxable, creating a n...

📋 Key Facts at a Glance Enhanced Deduction: 300% for the first HK$2 million of qualifying R&D expenditure; 200% for the remainder. Qualifying Costs: Includ...

What if there was a legal way to insulate your wealth from future creditors, protect assets from heirs’ financial mistakes, and precisely control the inheritance of your wealth? In Hong Kong’s mature financial ecosystem, Asset Protection Trusts (APTs) are a powerful tool to achieve these goals. By leveraging Hong Kong's robust legal framework and favorable tax environment, high-net-worth individuals can establish effective structures...

📋 Key Facts at a Glance Hong Kong's Territorial System: Only taxes income sourced within Hong Kong, not worldwide income Source Rule: Employment income is...

📋 Key Facts at a Glance Tax Rate: 15% flat rate on Net Assessable Value Automatic Deduction: 20% statutory allowance for repairs and outgoings Effective Ra...

📋 Key Facts at a Glance Hong Kong's Duty Landscape: Hong Kong maintains a free port status with no general import duties, but specific goods (alcohol, toba...

📋 Key Facts at a Glance Patent Box Rate: 5% concessionary tax on qualifying IP income, effective from April 1, 2023 R&D Super Deduction: 300% deduction on...

📋 Key Facts at a Glance Fact 1: Property management fees are NOT separately deductible for Hong Kong property tax purposes Fact 2: The 20% statutory allowa...

📋 Key Facts at a Glance No Capital Gains Tax: Hong Kong does not tax genuine capital gains from investments, only profits from trading activities Generous...

📋 Key Facts at a Glance Fact 1: Hong Kong's two-tiered profits tax offers corporations 8.25% on first HK$2 million, 16.5% on remainder (2024-25) Fact 2: MP...