Tax News & Updates

📋 Key Facts at a Glance No Broad-Based GST: Hong Kong does not impose a Goods and Services Tax, Value-Added Tax, or Sales Tax. Primary Revenue Sources: The...

📋 Key Facts at a Glance Annual Deduction Limit: HK$8,000 per insured person for qualifying Voluntary Health Insurance Scheme (VHIS) premiums Eligible Perso...

Did you know? Investing in solar panels or wind turbines for your Hong Kong business will not only help protect the environment, but also effectively reduce your tax bill and create long-term income. As Hong Kong accelerates towards its goal of carbon neutrality, savvy investors are discovering that renewable energy is both a good investment for the planet and a great strategy to boost profits. By taking advantage of depreciation allowances (capital allowances) and government incentives, you can turn your green energy investments into powerful tax-saving opportunities.

📋 Key Facts at a Glance Tax-Efficient Retirement Vehicles: MPF voluntary contributions + QDAPs offer up to HK$78,000 in annual tax deductions Territorial T...

📋 Key Facts at a Glance Registration Deadline: 30 days from trust establishment or triggering event Reporting Authority: Hong Kong Companies Registry Key R...

📋 Key Facts at a Glance Hong Kong's Free Port Status: No general customs tariffs, but excise duties apply to only four specific categories of goods Four D...

📋 Key Facts at a Glance Core Tax Advantage: Hong Kong operates on a territorial basis, taxing only Hong Kong-sourced income. This means capital gains, offs...

Are you considering setting up a trust for your Hong Kong assets but are struggling to decide between retaining control and pursuing long-term tax benefits? With Hong Kong’s unique territorial source taxation system and recent regulatory changes, the impact of the decision to choose a revocable or irrevocable trust has never been so far-reaching. This comprehensive guide will analyze the key differences, tax implications and strategic considerations that Hong Kong asset holders need to understand when choosing a trust structure in 2024-2025.

📋 Key Facts at a Glance Annual Deduction Limit: HK$60,000 maximum for qualifying annuity premiums and MPF voluntary contributions combined Eligible Plans:...

📋 Key Facts at a Glance Hong Kong's Tax Position: Hong Kong maintains a simple, territorial tax system with no VAT, GST, or sales tax. Profits Tax is levie...

Is your business ready for Hong Kong’s most significant tax changes in decades? As Hong Kong strives to consolidate its status as an international financial center while complying with international tax standards, 2024-2025 has brought about a series of far-reaching changes, affecting everyone from multinational enterprises to family offices. From the removal of stamp duty on property to the implementation of global minimum tax rules, understanding these changes is not only about compliance but also about gaining a strategic advantage in Asia's most dynamic market...

📋 Key Facts at a Glance Free Port Status: Hong Kong levies no customs tariffs on most imports or exports, with no VAT or GST Only 4 Dutiable Categories: Li...