Tax Articles

Brexit has completely reshaped the UK's trade landscape. For UK businesses importing goods from Hong Kong, understanding the new customs framework is key to maintaining profitable cross-border business. Hong Kong's trade advantages as one of the world's friendliest free ports remain solid, but British businesses must now face a completely separate tariff system. This guide breaks down how Brexit will affect your tariffs, compliance requirements and when trading with this important Asian hub...

Are you disputing a tax assessment in Hong Kong? Between 2023 and 2025, Hong Kong will carry out its most significant tax reform in decades. These changes bring new challenges and opportunities to the cases you are working on. Understanding the retroactive effect of the new legislation and how the transitional arrangements will affect your case will be key to achieving a favorable outcome and avoiding unexpected tax liabilities.

Imagine being able to fully control the inheritance and management of family wealth while enjoying Hong Kong's superior tax environment. For high-net-worth individuals managing complex global assets, Private Trust Company (PTC) provides a sophisticated solution that combines family governance with strategic tax planning. With the introduction of the Family Investment Control Vehicle (FIHV) system in Hong Kong in recent years and its consistent geographical source taxation principle, the establishment of private trust companies in Hong Kong has...

Imagine buying a luxury residential unit in Hong Kong worth HK$10 million and saving HK$750,000 to HK$1.5 million in taxes compared to a year ago. This is the new reality that non-local investors will face after Hong Kong cancels all "hot tricks" in the property market in 2024. The government made a landmark policy shift on February 28, 2024, by abolishing Buyer's Stamp Duty (BSD) and other demand management measures, creating unprecedented opportunities for international property investors. This article will delve into...

📋 Key Facts at a Glance Expansive Network: Hong Kong has Comprehensive Double Taxation Agreements (CDTAs) with over 45 jurisdictions, including major econo...

📋 Key Facts at a Glance Beneficial Ownership Rules: Stamp duty in Hong Kong is triggered by the transfer of beneficial ownership, not just legal title Simp...

📋 Key Facts at a Glance Profits Tax Rates: Corporations: 8.25% on first HK$2M, 16.5% on remainder | Unincorporated: 7.5% on first HK$2M, 15% on remainder F...

📋 Key Facts at a Glance Property Tax Rate: 15% on Net Assessable Value (Rental income - Rates) × 80% × 15% Statutory Allowance: Automatic 20% deduction for...

📋 Key Facts at a Glance Maximum Tax Rate: Progressive rates up to 17%, with standard rate of 15% on first HK$5M and 16% above that (2024/25) Tax System: Te...

📋 Key Facts at a Glance Territorial Tax System: Hong Kong taxes only profits arising in or derived from Hong Kong, regardless of residence status Profits T...

📋 Key Facts at a Glance Top Progressive Rate: 17% on net chargeable income over HK$200,000. Standard Rate (2024/25): 15% on first HK$5 million of net incom...

Are you considering a cross-border merger or acquisition between Hong Kong and Mainland China? With the Greater Bay Area (GBA) becoming one of Asia's most dynamic economic regions, understanding the complex tax implications is crucial for deal success. From navigating vastly different tax systems to...