Tax Articles

📋 Key Facts at a Glance Estate Duty Abolished: Hong Kong abolished estate duty in 2006 - no inheritance tax on assets situated in Hong Kong Territorial Tax...

Imagine you receive investment income from Singapore, advisory fees from Europe, and rental income from Australia - all of these incomes may be tax-free in Hong Kong. This is not a fantasy of a tax haven, but a reality under Hong Kong’s territorial source taxation system. For professionals working in international careers and with complex financial portfolios, an in-depth understanding of Hong Kong's Foreign Income Exemption (FSIE) system can not only unlock significant tax advantages, but also ensure that...

Did you know? The Hong Kong Inland Revenue Department (IRD) can issue a supplementary assessment within 6 years after the end of the relevant tax year. If fraud is involved, the time limit can be as long as 10 years. As the Inland Revenue Department intensifies its scrutiny through sophisticated risk-based audit screening and new digital tools such as the "Tax Representative Electronic Service Platform", Hong Kong enterprises are facing unprecedented tax audit risks. This comprehensive guide reveals how a qualified tax advisor can be your first line of defense as you navigate complex...