Tax Articles

📋 Key Facts at a Glance Objection Deadline: One month from the date of issue of the notice of assessment Appeal to Board of Review: One month from the Comm...

Did you know? The transaction costs of buying and selling the same company's shares listed in Hong Kong and Mainland China can be very different. For investors investing in "A+H" dual-listed companies, a thorough understanding of the differences in stamp duties between the two places is the key to accurately calculating costs and formulating investment strategies. Both Hong Kong and the Mainland will lower stamp tax rates in 2023 to enhance market competitiveness. However, the tax structures, tax rates and collection methods of the two places are quite different. This guide will give you a comprehensive breakdown of dual-listed companies...

Did you know? Even though Hong Kong's eTAX system is quite convenient, thousands of taxpayers still face fines every year due to avoidable tax filing errors. The Inland Revenue Department has issued about 2.66 million personal tax returns for the 2024/25 tax year. There is huge pressure to file accurate returns before the deadline. A comprehensive pre-tax filing checklist is more than just paperwork - it's your financial shield, helping you guard against costly mistakes that can lead to tax audits, fines and unnecessary stress.

📋 Key Facts at a Glance Territorial System: Hong Kong only taxes profits sourced within its territory, not worldwide income Profits Tax Rates: Corporations...

📋 Key Facts at a Glance Basic Personal Allowance (2024/25): HK$132,000 for all individual taxpayers. Married Person's Allowance (2024/25): HK$264,000, but...

Imagine investing in a growing company, watching its value double over several years, and then selling your shares without paying a penny in taxes on the gain. This is not a fantasy, but the reality faced by Hong Kong investors. In a world where most developed economies around the world impose tax rates of up to 20-30% on capital gains, Hong Kong is unique in that it does not impose a capital gains tax at all. How does this unique policy shape investment decisions? For those considering using Hong Kong as...

The simple and low tax system that Hong Kong is proud of is facing the biggest test of the global wave of tax transparency. With the implementation of the “Base Erosion and Profit Shifting (BEPS)” action plan and the “Global Minimum Tax” plan promoted by the Organization for Economic Cooperation and Development (OECD), traditional low-tax areas need to adjust without exception. How can Hong Kong maintain its core advantage of "territorial source taxation" in this international tax revolution while also integrating with global standards? This article will provide an in-depth analysis...

📋 Key Facts at a Glance Correct Authority: The Lands Tribunal handles property rates appeals under Hong Kong's Rating Ordinance (Cap. 116) First Step: Lod...

📋 Key Facts at a Glance Hong Kong's Tax Advantage: No import tariffs, sales tax, VAT, or GST on goods. The primary import-related cost is the 0.2% stock tr...

📋 Key Facts at a Glance Hong Kong's Tax Foundation: Territorial tax system with no capital gains, dividend, or sales tax. Corporate profits tax is 16.5% (o...

📋 Key Facts at a Glance Global Standard: HS codes are used by over 200 countries and economies worldwide Hong Kong's Trade Volume: Processes millions of sh...

📋 Key Facts at a Glance Limited Partnership Fund (LPF) Regime: Operational since August 31, 2020, with over 710 registered funds as of October 2023 Profits...