Tax News & Updates

📋 Key Facts at a Glance Two-Tier Rates: Corporations pay 8.25% on first HK$2 million of profits, 16.5% on the remainder. Unincorporated businesses pay 7.5%...

📋 Key Facts at a Glance Zero Customs Duties: Hong Kong is a free port with no customs tariffs on renewable energy equipment imports including solar panels,...

Have you taken advantage of Hong Kong’s strong tax incentives for intellectual property (IP)? With the launch of the "Patent Box", a ground-breaking tax preferential system, in 2024, and the continuous evolution of international tax rules, understanding how to plan your intellectual property income structure has never been more critical and rewarding. This comprehensive guide will break down in detail everything you need to know about Hong Kong’s intellectual property tax environment in 2024-2025.

📋 Key Facts at a Glance SPAC Framework Launch: January 1, 2022 under Chapter 18B of HKEX Listing Rules Current Stamp Duty Rate: 0.2% total on stock transf...

📋 Key Facts at a Glance Profits Tax Rate: 8.25% on first HK$2 million of profits, 16.5% on the remainder for corporations (2024-25 year). Territorial Princ...

📋 Key Facts at a Glance Tax Year: April 1 to March 31. Tax returns are typically issued in early May. Profits Tax: Two-tiered rates: 8.25% on first HK$2M p...

Do you get a headache every year when you receive your tax return and are always unsure of what documents to prepare? Many Hong Kong taxpayers are desperate and looking for documents everywhere. As a result, they may miss tax deduction opportunities and even attract inquiries from the Inland Revenue Department. In fact, the secret to completing your tax return easily lies in early preparation. This ultimate guide for the 2024-2025 tax year will provide you with a detailed list of all the necessary documents required to file taxes, from employment income to investment income.

📋 Key Facts at a Glance No Capital Gains Tax: Hong Kong does not impose capital gains tax on property sales held as investments Property Tax Rate: 15% on n...

📋 Key Facts at a Glance Property Tax Rate: 15% on Net Assessable Value (rental income minus 20% statutory deduction) Currency Requirement: All IRD assessme...

📋 Key Facts at a Glance Major Reform: Buyer's Stamp Duty (BSD), Special Stamp Duty (SSD), and New Residential Stamp Duty (NRSD) were completely abolished...

📋 Key Facts at a Glance Hong Kong's Pillar Two Law: Enacted on June 6, 2025, effective from January 1, 2025. Global Minimum Tax Rate: 15% minimum effective...

📋 Key Facts at a Glance Territorial System: Only Hong Kong-sourced income is taxed. Foreign-sourced income is generally exempt, subject to conditions. Key...