Tax Articles

📋 Key Facts at a Glance Two-Tiered Rates: Corporations pay 8.25% on first HK$2M, 16.5% on remainder; unincorporated businesses pay 7.5% on first HK$2M, 15%...

📋 Key Facts at a Glance Basic Personal Allowance: HK$132,000 for 2024/25 tax year Married Person's Allowance: HK$264,000 for joint assessment Home Loan Int...

Are Hong Kong’s traditional offshore tax advantages disappearing? As global tax rules undergo their most significant changes in a century, Hong Kong is at a crossroads. The city's long-standing principle of territorial source taxation, which has attracted hundreds of billions of international investment, is now facing unprecedented pressure from OECD-led reforms, EU scrutiny and a fundamental shift from "legal form" to "economic substance". However, Hong Kong is not retreating, but...

As a foreign professional, entrepreneur or investor who earns income in Hong Kong but does not reside permanently, are you confused about Hong Kong’s tax rules? Hong Kong's unique "territorial source" taxation principle means that your tax liability depends entirely on the place of source of income, not your place of residence. This presents both advantages and challenges for non-residents. Mastering the correct rules can not only avoid unexpected tax bills and compliance risks, but also effectively manage your finances. This...

📋 Key Facts at a Glance Stamp Duty Simplified: All extra duties (SSD, BSD, NRSD) were abolished on 28 February 2024, leaving only standard Ad Valorem Stamp...

📋 Key Facts at a Glance Allowance Rates (2024-25): HK$50,000 for dependents aged 60+ or permanently disabled; HK$25,000 for those aged 55-59 Residency Requ...

📋 Key Facts at a Glance No Capital Gains Tax: Hong Kong does not tax capital gains from cryptocurrency held as long-term investments Profits Tax Rates: Cry...

📋 Key Facts at a Glance Profits Tax: Two-tiered system: 8.25% on first HK$2M, 16.5% on remainder for corporations. Only one entity per connected group can...

📋 Key Facts at a Glance Profits Tax: Two-tiered rates: 8.25% on first HK$2M, 16.5% thereafter for corporations. Territorial basis applies. Stamp Duty: Buye...

How should you respond when the Hong Kong Inland Revenue Department (IRD) questions your offshore profits claims or challenges your tax position? For foreign investors in Hong Kong, understanding the tax dispute resolution process is not only about compliance, it is also key to protecting your business interests in one of Asia's most dynamic financial centers. As Hong Kong’s unique territorial source taxation principles and the international tax environment continue to evolve, disputes may arise unexpectedly. Knowing how to respond effectively can save you a lot of money...

📋 Key Facts at a Glance 45+ Active Treaties: Hong Kong maintains comprehensive Double Taxation Agreements with over 45 jurisdictions worldwide, including M...

📋 Key Facts at a Glance Hong Kong Advantage: No inheritance tax, estate duty, or capital gains tax since 2006 Cross-Border Complexity: Assets in multiple j...