An employer’s tax return filing in Hong Kong procedure still goes through the paper filing system, although the Inland Revenue Department (IRD) has been working on electronic submissions through its GovHK portal in recent years. While the tax return filing system in Hong Kong is not quite fully automated yet, the government has made progress on allowing […]
If you’re working and running a business in Hong Kong, you need to know about Forms IR56.There are several form types that employees and employees must be familiar with to remain compliant. What Are Forms IR56 The IR56 forms in Hong Kong are a set of essential documents for employers and employees. These forms will be […]
How should rental properties be taxed? Many prospective property investors have questions about property tax calculations. To accurately determine investment property returns, it’s essential not only to understand stamp duty for property purchases but also to master the’ Property Tax Calculation ‘guide. This article will explain how property tax is calculated under different circumstances. If […]
Hong Kong’s tax rates have long been renowned for being lower and simpler than those in most other countries. This system has helped the region become an international financial hub, attracting businesses and professionals worldwide to work and conduct business. In this article, we will explore Hong Kong’s tax rates, focusing on three main categories: […]
Globally, tax treatment for dividend income varies across countries. This requires investors to understand their home country’s tax policies and the tax liabilities associated with overseas investments. This article provides a detailed overview of the fundamental concepts, distribution criteria, tax advantages, and relevant regulations of Hong Kong company dividends, helping investors better understand and manage […]
Beginning 1 March 2018, new changes were made to the Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) (Amendment) Bill 2017, and the Companies (Amendment Bill) 2017. These changes were passed by the Hong Kong Legislative Council. These changes were in-line with the international standards of counter-terrorism financing and anti-money laundering regulations which were set forth […]
In Hong Kong, both locally incorporated and foreign companies (an incorporated subsidiary or registered branch) are required to file annual return submission (annual return Hong Kong) with Companies Registry within 42 days after the anniversary of the incorporation date of the company. The Annual Filing Requirements of a Hong Kong Private Limited Company Filing of […]
Every limited company registered in Hong Kong must file tax returns with the Inland Revenue Department (IRD) annually, regardless of its operational status. Eligible “inactive companies” —those with no business activities (no transactions, income, or expenses) throughout the year—may apply for “zero declaration.” This article provides a detailed explanation of what “zero declaration” and “inactive […]
Globally, tax treatment for dividend income varies across countries. This requires investors to understand their home country’s tax policies and the tax liabilities associated with overseas investments. This article provides a detailed overview of the fundamental concepts, distribution criteria, tax advantages, and relevant regulations of Hong Kong company dividends, helping investors better understand and manage […]
Known as SUCCESS for short, the Support and Consultation Centre for Small and Medium Enterprises (中小企業支援與諮詢中心 in Chinese) is a run by the Trade and Industry Department (TID). Collaborating closely with various trade and industrial organizations, private enterprises, professional bodies and other Government departments in Hong Kong, SUCCESS aims to provide SMEs with business information and consultation […]