Taxation

The effective operation of the simple tax system with low tax rates in Hong Kong requires a high degree of compliance and understanding by taxpayers and businesses. It is also the responsibility of each and every taxpayer under the law to file accurate and timely tax return to the…

Would you like to get the tax exemption status for your Hong Kong Limited company? Read our article to understand the process.  

Hong Kong is famous for its tax-friendly environment. One of many advantages is that only profits derived from Hong Kong are chargeable to Profits Tax. The current rate is 16.5%. If your Hong Kong company’s profit is sourced elsewhere, the profit is then free from profits tax.

Offshore companies can apply for offshore tax claim when submit the first tax return and accounts, if the  company has profit for the year, Inland Revenue Department will issue a tax queries letter asking for the operation mode of the company’s business, full sets…

Read our case study for a Hong Kong company incorporated on March 30th, 2015 and what happens when the company is in due to file the profits tax return ("PTR").

Would you like to know how you can save money through a Hong Kong Company?

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 Here is an example of filing the first Profits Tax Return (PTR) of company incorporated in Hong Kong.

Off all the decisions you make when incorporating a company in Hong Kong, the most important once relates to taxes. After reading this article, you will better understand how the process of Completion of Profits Tax Return (“PTR”) and its submission to Inland Revenue Department (“IRD”), Hong Kong Tax Authority, works.

Read an explanation of how to gain offshore status for Hong Kong Limited company. We demonstrate the offshore principles on a Hong Kong Limited company which was registered on the 11th of October 2013.