Tax Articles

📋 Key Facts at a Glance Property Rates: Recurring quarterly tax based on rateable value (5-12% annually for domestic properties) Stamp Duty: One-time tax...

📋 Key Facts at a Glance Pay First Principle: Hong Kong operates on "pay first, argue later" - tax must be paid before appealing Interest Rate: Interest acc...

📋 Key Facts at a Glance Hong Kong's Territorial System: No capital gains or dividend withholding tax, but foreign jurisdictions may impose exit taxes on yo...

📋 Key Facts at a Glance Legal Framework: Rating Ordinance (Cap. 116) governs all property rates in Hong Kong Administering Authority: Rating and Valuation...

📋 Key Facts at a Glance Tax Rate: 15% on Net Assessable Value (NAV) of rental income Standard Allowance: Automatic 20% deduction for repairs and outgoings...

📋 Key Facts at a Glance Major Policy Shift: Special Stamp Duty (SSD), Buyer's Stamp Duty (BSD), and New Residential Stamp Duty (NRSD) were abolished on 28...

📋 Key Facts at a Glance Profits Tax Advantage: Hong Kong offers a two-tiered profits tax system: 8.25% on first HK$2 million, 16.5% on remainder for corpor...

📋 Key Facts at a Glance No AD/CVD in Hong Kong: As a free port, Hong Kong does NOT impose anti-dumping or countervailing duties on imports Separate WTO Me...

Is your multinational ready for Hong Kong’s biggest tax changes in decades? As Hong Kong transitions from a purely territorial source tax system to aligning with global anti-tax avoidance standards, companies are facing new compliance challenges, more stringent economic substance requirements, and the reality of the 15% global minimum tax. The OECD's Base Erosion and Profit Shifting (BEPS) Action Plan has fundamentally reshaped Hong Kong's approach to controlled foreign companies and international tax planning...

📋 Key Facts at a Glance Two-Tier Rates: Corporations pay 8.25% on first HK$2M profits, 16.5% thereafter. Unincorporated businesses pay 7.5% and 15%. One En...

📋 Key Facts at a Glance Maximum Deduction: HK$100,000 per tax year for self-education expenses Tax Year: April 1 to March 31 (2024/25 assessment year) Reco...

📋 Key Facts at a Glance Two-Tier Profits Tax: 8.25% on first HK$2 million, 16.5% on remainder for corporations (only one entity per group can claim lower t...