Frequently asked questions and answers for first time tax filers! An easy guide for first-time filers of salaries tax
As you enter the workforce, you may be faced with the challenges of a new environment and relationships, but you may also…
Hong Kong Offshore Company Profits Tax Guide: What are the special tax rules I need to comply with?
With the trend of globalisation, more and more companies are choosing to incorporate in offshore jurisdictions to gain more business advantages. However,…
Avoid high fines! Private companies need to understand the requirements and fees for filing annual returns
Local private companies are required by the Companies Ordinance to submit annual returns for registration within a certain period of time to…
How can a public company or company limited by guarantee avoid high registration fees and fines? Filing an annual return is the key!
In Hong Kong, a public company or company limited by guarantee is required to file an annual return for registration within a…
What are the common tax disputes in Hong Kong? How does the Inland Revenue Department determine whether an expense is “tax deductible”?
In Hong Kong, the tax system is simple but often complex and difficult to understand. Among other things, the Inland Revenue Department…
Is Car crash compensation tax deductible? Exploring what business expenses are recognised by the Inland Revenue?
In Hong Kong, expenses that are used to generate taxable profits and are not capital in nature are usually classified as tax…
Budget 2023: $6,000 reduction in profits tax, salaries tax, increase in child allowance to $130,000?
The Budget 2023 has been released. Apart from relief measures for people’s livelihood, there are also many tax concessions, but they are…
Budget 2023 tax, livelihood relief measures summary: ad valorem stamp duty to remain unchanged?
Budget 2023 tax, livelihood relief measures summary: ad valorem stamp duty to remain unchanged? The Budget 2023 has been released, what are…
What expenses are tax deductible for rental properties? Parking spaces and roof rentals also need to declare property tax?
Rent-collecting landlords in Hong Kong are subject to property tax. Generally speaking, their rental income is deductible after deducting certain miscellaneous expenses….
What should I note before deregistering a Hong Kong company? Can I reinstate my deregistered company?
If a company has chosen to cease operations or has ceased to operate due to capital difficulties or other internal problems, but…