Tax News & Updates

📋 Key Facts at a Glance Trust Tax Benefits: Hong Kong trusts enjoy no capital gains tax, no dividend withholding tax, and no inheritance tax AML Requiremen...

The population of the Guangdong-Hong Kong-Macao Greater Bay Area exceeds 86 million, and cross-border work is becoming increasingly common. A key question has emerged: How can those workers whose careers span mainland China and Hong Kong establish a coherent retirement plan? The reality is that their retirement savings are often trapped in two systems with different sets of rules, tax treatments and withdrawal requirements. This article will explore the practical challenges and emerging solutions for integrating the mainland's pension insurance system and Hong Kong's Mandatory Provident Fund (MPF), providing...

What happens if you miss the tax filing deadline in Hong Kong? The consequences can be severe – from hefty fines to possible prosecution. As the tax filing season for the year of assessment 2024/25 begins, it is important for every taxpayer to have a clear understanding of the exact deadlines, available extension arrangements and penalty mechanisms. This comprehensive guide will break down everything you need to know about Hong Kong’s eTax filing deadlines, from personal tax filings to complex corporate tax filings, to help you avoid costly mistakes and stay compliant.

📋 Key Facts at a Glance Carbon Neutrality Target: Hong Kong aims for carbon neutrality before 2050 with interim 50% reduction by 2035 (vs 2005 levels) Curr...

Imagine managing billions of family wealth with ultimate tax efficiency while trading in and out of Asia's most dynamic markets. Hong Kong is turning this vision into reality through its revolutionary family office tax regime. As ultra-high net worth families increasingly seek sophisticated wealth management solutions, Hong Kong is positioning itself as Asia's premier wealth management center with a comprehensive range of tax incentives, residency options and forward-looking policies, ranging from traditional investments to cutting-edge digital assets...

📋 Key Facts at a Glance Hong Kong's Territorial Tax System: Only Hong Kong-sourced profits are taxable - offshore profits can be exempt Profits Tax Rates (...

In Hong Kong's dynamic real estate market, success often hinges on who has the best information. While prices may fluctuate, access to accurate, timely, and official data is the ultimate equalizer for investors. This guide will show you how to navigate Hong Kong's world-class public data systems to...

📋 Key Facts at a Glance Two-Tier Profits Tax: First HK$2 million taxed at 8.25%, remainder at 16.5% for corporations (2024-25) R&D Super-Deduction: 300% de...

As a Hong Kong resident, do you need to go overseas for business to earn income? Or working in Hong Kong as an expat with an overseas source of income? If you are faced with the same income being taxed by two different countries, double taxation will seriously eat into your actual income. However, Hong Kong’s comprehensive double taxation avoidance mechanism provides an effective solution. This practical guide for 2024-25 will break down for you in detail how the double taxation relief under salaries tax works...

Did you know? Hong Kong's charity sector has grown to more than 10,600 tax-exempt organizations, and donors claim tax deductions worth billions of Hong Kong dollars every year. As Hong Kong strives to develop into Asia's premier philanthropic hub, whether you are a charity, a donor or a family office, understanding the tax exemptions under Section 88 of the Inland Revenue Ordinance has never been more important. This comprehensive guide for 2024-2025 will break down Hong Kong’s charity tax environment for you...

📋 Key Facts at a Glance Global Minimum Tax: Enacted June 2025, effective from January 1, 2025. Applies a 15% minimum effective tax rate to large multinatio...

📋 Key Facts at a Glance Territorial Tax: Hong Kong only taxes profits sourced in Hong Kong. Offshore investment income is generally tax-free. Profits Tax:...