Tax Articles

Have you ever worried about how to properly claim tax deductions for company vehicles? This car is used both for business trips and personal shopping. Or, what should you do with that area of ​​your home that is both an office and a living space? In Hong Kong’s highly competitive business environment, it is crucial to maximize legal tax deductions while complying with regulations. The depreciation allowance for mixed-use assets is both a tax-saving opportunity and a challenge – done right, it can optimize your tax...

As a foreign professional, entrepreneur or investor who earns income in Hong Kong but does not reside permanently, are you confused about Hong Kong’s tax rules? Hong Kong's unique "territorial source" taxation principle means that your tax liability depends entirely on the place of source of income, not your place of residence. This presents both advantages and challenges for non-residents. Mastering the correct rules can not only avoid unexpected tax bills and compliance risks, but also effectively manage your finances. This...

📋 Key Facts at a Glance Stamp Duty Simplified: All extra duties (SSD, BSD, NRSD) were abolished on 28 February 2024, leaving only standard Ad Valorem Stamp...

📋 Key Facts at a Glance Allowance Rates (2024-25): HK$50,000 for dependents aged 60+ or permanently disabled; HK$25,000 for those aged 55-59 Residency Requ...

📋 Key Facts at a Glance Major Policy Change: All demand-side management measures (BSD, SSD, and higher AVD rates) were eliminated effective 28 February 202...

📋 Key Facts at a Glance Maximum Deduction: Up to HK$100,000 per qualifying dependent per year for elderly residential care expenses Eligible Dependents: Pa...

📋 Key Facts at a Glance Historic Change: Buyer's Stamp Duty (BSD) was completely abolished on February 28, 2024, ending 13 years of property cooling measu...

📋 Key Facts at a Glance No Capital Gains Tax: Hong Kong does not tax capital gains from cryptocurrency held as long-term investments Profits Tax Rates: Cry...

📋 Key Facts at a Glance Hong Kong's Tax Advantage: Profits tax for corporations is 8.25% on the first HK$2 million and 16.5% on the remainder. There is no...

📋 Key Facts at a Glance Profits Tax: Two-tiered system: 8.25% on first HK$2M, 16.5% on remainder for corporations. Only one entity per connected group can...

📋 Key Facts at a Glance Profits Tax: Two-tiered rates: 8.25% on first HK$2M, 16.5% thereafter for corporations. Territorial basis applies. Stamp Duty: Buye...

📋 Key Facts at a Glance Core Tax Rate: Hong Kong's standard Profits Tax rate is 16.5% for corporations, with a two-tiered system offering 8.25% on the firs...