Tax Articles

In Hong Kong's highly competitive property market, landlords often offer preferential terms such as rent-free periods and renovation subsidies in order to attract high-quality tenants. But did you know that these incentives can have complex tax implications for both landlords and tenants, directly affecting the final financial situation? Whether you are a landlord negotiating the terms of a lease, or a business owner evaluating leasing options, understanding how the Inland Revenue handles these arrangements is critical for tax compliance and strategic financial planning. Book...

If a tenant is in arrears with rent or even becomes a "faithful", in addition to facing the trouble of pursuing rent, the landlord may also lose tens of thousands of dollars in income. However, Hong Kong’s property tax system provides a first-line “decompression” space – you can apply for tax deductions for “irrecoverable rent”. However, the tax bureau has a strict distinction between "arrears" and "irrecoverable", and misunderstandings can lead to application rejection at any time. This practical guide will break down in detail how to successfully apply for bad debt deduction for rent arrears in Hong Kong...

Does getting that big green envelope (tax form) stress you out every year? With strict deadlines, complex calculations and hefty late penalties, dealing with salaries tax returns can be a real headache. But if you can grasp the key timetable, you can easily pass the test and avoid unnecessary losses. This guide for the 2024-2025 tax year will break down for you in detail every important deadline from receipt of BIR60 form to completion of tax payment, helping you to comply on time and have peace of mind.

What should you do when you receive a profits tax assessment notice from the Hong Kong Inland Revenue Department and you think the calculation is incorrect? With tax disputes involving billions in tax dollars every year, knowing your rights and the correct appeals process can make the difference between paying tens of thousands in unnecessary taxes or getting a fair settlement. This practical guide will take you through every step of challenging a Hong Kong profits tax assessment, from initial objection to a formal Tax Appeal Board hearing.

I received a salary tax assessment notice from Hong Kong and feel that the amount is wrong? you are not alone. Every year, thousands of taxpayers—especially entrepreneurs with complex income sources—find discrepancies in their tax bills. Knowing your rights and the correct procedures can mean the difference between paying thousands of dollars in unjust money or receiving a fair tax assessment. This comprehensive guide will teach you step-by-step how to challenge an incorrect Hong Kong salaries tax assessment.

I received a stamp duty assessment notice from the Hong Kong Inland Revenue Department, but I think the amount was calculated incorrectly. What should I do? Whether a property is overvalued, a tax rate is applied incorrectly, or a legitimate exemption application is rejected, Hong Kong law has a clear appeals mechanism. Understanding this process is crucial for property buyers, investors and businesses, especially after the stamp duty system undergoes major changes in 2024.

Develop breakthrough technologies in Hong Kong and only pay 5% tax on their profits - this is the reality of innovative companies under Hong Kong's new "patent box" tax preferential system. As Asia's premier innovation hub, Hong Kong has strategically positioned itself through world-class intellectual property tax incentives that rival international tax incentives such as Singapore, Luxembourg and Ireland. How exactly will these offers work in 2024-2025? What do you need to know to...

Imagine that you run an international business and the profits generated from its overseas operations can be repatriated to the Hong Kong headquarters completely tax-free. This is not a fantasy, but a reality under Hong Kong’s territorial source taxation system. But how does this system complement Hong Kong’s growing network of double tax treaties? What do recent changes such as the Foreign Income Exemption (FSIE) system and the global minimum tax mean for your cross-border business? Let’s dive into Hong Kong’s unique tax framework…

📋 Key Facts at a Glance Current Profits Tax: Two-tiered system: 8.25% on first HK$2M, 16.5% on remainder for corporations. Major Stamp Duty Change: Special...

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

📋 Key Facts at a Glance Hong Kong Property Tax: 15% on net assessable value (rental income - rates - 20% statutory allowance) Stamp Duty Update: All specia...

📋 Key Facts at a Glance Hong Kong's Tax Advantage: Hong Kong maintains a simple, low-rate tax system with no capital gains, dividend, or sales tax, providi...