Tax News & Updates

Every year when tax filing season comes, are you in a hurry to pay your taxes? What would it be like to be able to easily manage provisional taxes, apply for deductions when income decreases, and avoid overdue penalties with just a smartphone? The Hong Kong Inland Revenue Department's "eTAX" system has completely revolutionized tax management, making the processing of provisional tax payments more convenient and efficient than ever before. This guide will explain to you in detail how to use Hong Kong's "eTax" platform to handle...

📋 Key Facts at a Glance Profits Tax: Two-tiered system: 8.25% on first HK$2M, 16.5% thereafter for corporations. Only Hong Kong-sourced profits are taxable...

📋 Key Facts at a Glance No Capital Gains Tax: Hong Kong has no general capital gains tax on property sales, but trading profits are taxable under Profits T...

📋 Key Facts at a Glance Historical Origins: Hong Kong's property rates system dates back to 1845, making it one of the territory's oldest continuous taxati...

📋 Key Facts at a Glance Annual Deadline: CRS reports must be submitted to Hong Kong IRD by May 31 each year for the previous calendar year Reportable Perso...

📋 Key Facts at a Glance Property Tax Rate: 15% on Net Assessable Value of rental income Tax Year: April 1 to March 31 (2024-25 tax year in progress) Reside...

📋 Key Facts at a Glance Current Rate: 0.2% total (0.1% buyer + 0.1% seller) plus HK$5 fixed duty per instrument Filing Deadline: Within 2 days if executed...

📋 Key Facts at a Glance Profits Tax Rate: Two-tiered system: 8.25% on first HK$2 million of assessable profits, 16.5% on the remainder for corporations. On...

Did you know that Hong Kong short sellers could be paying up to 50% more in stamp duty than necessary? Many traders overlook the hidden costs of stock loans and repos, particularly the complex stamp duty obligations that can significantly impact profitability. In Hong Kong's dynamic financial market...

📋 Key Facts at a Glance Current Rate: 0.1% per party (0.2% total) since November 17, 2023 Major Exemptions: ETFs, intra-group transfers, market makers, spo...

📋 Key Facts at a Glance Territorial System: Only Hong Kong-sourced income is taxed. No tax on capital gains, dividends, or foreign-sourced income (subject...

📋 Key Facts at a Glance Legal Structure: Trusts are legal relationships, while foundations are separate legal entities Hong Kong Tax Advantage: Both benefi...