Tax Articles

📋 Key Facts at a Glance Filing Deadline: Paper returns due ~1 month from issue (early June), eTAX filing extends to early July Tax Year: April 1 to March 3...

📋 Key Facts at a Glance Hong Kong's Tax Position: Hong Kong maintains a simple, low-tax territorial system. It does not tax capital gains, dividends, or in...

📋 Key Facts at a Glance CRS Exchange: Hong Kong and Mainland China have conducted automatic annual exchange of financial account information under the Comm...

📋 Key Facts at a Glance Tax Status: Freelancers are taxed under Profits Tax if their activity constitutes a "trade, profession, or business." Tax Rate: Uni...

What do you do when you receive a Hong Kong tax bill that you think is incorrect or unfair? Many taxpayers are eager to challenge, only to find that procedural errors can derail a well-founded case. Every year, many tax appeals fail, not because of insufficient grounds, but because of avoidable errors in time limits, documentation, or procedures. Understanding these common pitfalls can save you thousands in unnecessary expenses and protect your right to a fair tax...

📋 Key Facts at a Glance Fact 1: Hong Kong has comprehensive double taxation agreements (CDTAs) with over 45 jurisdictions, including Mainland China, Singap...

📋 Key Facts at a Glance Progressive Rating System: Effective January 1, 2025 for high-value domestic properties only Non-Domestic Properties: Flat 5% rate...

📋 Key Facts at a Glance Hong Kong Threshold: Transfer pricing documentation required when aggregate related-party transactions exceed HK$220 million annual...

📋 Key Facts at a Glance Targeted System: Hong Kong's excise duty applies only to hydrocarbon oils and alcoholic beverages, not broad consumer goods Refund...

📋 Key Facts at a Glance 15% IIT Cap: Hong Kong residents working in the GBA can receive subsidies reducing their effective individual income tax rate to 15...

📋 Key Facts at a Glance Unified Tax System: Since February 28, 2024, both residential and commercial properties are subject to the same AVD Scale 2 rates...

📋 Key Facts at a Glance Qualifying Debt Instruments (QDIs): Full profits tax exemption for green bonds and sustainable debt instruments issued on or after...