Tax Articles

📋 Key Facts at a Glance Hong Kong's Territorial Tax System: Only Hong Kong-sourced profits are taxable. There is no tax on capital gains, dividends, or inh...

📋 Key Facts at a Glance Tax Rate: 15% on Net Assessable Value (rental income minus rates and 20% statutory allowance) Filing Deadline: 1 month from return...

Is your Hong Kong offshore tax strategy still viable in 2025? The global tax landscape has undergone dramatic changes, and Hong Kong is at the center of BEPS (Base Erosion and Profit Shifting)-driven reforms. From the foreign income tax exemption system to the newly implemented global minimum tax, traditional offshore planning is facing unprecedented challenges. This guide takes a closer look at how Hong Kong businesses must adapt to survive in this new era of economic substance and global tax transparency...

📋 Key Facts at a Glance Profits Tax: Two-tiered system: 8.25% on first HK$2M, 16.5% thereafter for corporations. Territorial Basis: Only Hong Kong-sourced...

📋 Key Facts at a Glance Tax Rate: Family Investment Holding Vehicles (FIHVs) enjoy 0% profits tax on qualifying income with minimum HK$240 million AUM Core...

📋 Key Facts at a Glance No Estate Duty: Hong Kong abolished estate duty for all deaths occurring on or after February 11, 2006 No Capital Gains Tax: Hong K...

Does your Hong Kong company still view foreign income with outdated concepts? Since 2023, Hong Kong’s tax environment has undergone significant changes. Hong Kong’s Foreign Income Exemption (FSIE) system has undergone major reforms, and the global minimum tax has come into effect. Understand these changes not only for compliance but also to protect your tax position in one of Asia's most important financial centers. This guide breaks down everything you need to know to help you navigate Hong Kong's tax on foreign income...

Did you know that simple exchange rate fluctuations can significantly affect the stamp duty costs of your transactions in Hong Kong? Whether you are buying and selling stocks denominated in foreign currencies or purchasing property with overseas funds, understanding Hong Kong's stamp duty framework and its foreign currency exchange rules is crucial for accurate cost planning and compliance. This guide will break down for you in detail how to manage exchange rate risk in Hong Kong transactions.

📋 Key Facts at a Glance Tax-Free Transfers: Hong Kong has no capital gains tax, inheritance tax, or estate duty, making trusts exceptionally tax-efficient...

📋 Key Facts at a Glance Zero Tariffs on 99% of Goods: Hong Kong imposes no customs duties on 7,805 tariff lines, making it one of the world's most liberal...

📋 Key Facts at a Glance Tax Residency: Based on the source of employment, not a simple day-count. A contract signed in Hong Kong can create immediate liabi...

Did you know? Hong Kong's small and medium-sized enterprises can legally save tens of thousands in taxes through strategic asset purchases. Capital allowances are a powerful tax deduction mechanism that allows businesses to gradually recover the cost of long-term assets over their useful lives. Unlike general operating expenses, which are immediately deductible, capital allowances spread the tax benefits over multiple tax years, making major investments more affordable and optimizing your tax position.