December 5, 2017
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…
March 4, 2016
Hong Kong is famous for its tax-friendly environment. One of many advantages is that only profits derived from Hong Kong are chargeable to Profit Tax. The current rate is 16.5%. If your Hong Kong company’s profit is sourced elsewhere, the profit is then free from profit tax.
February 29, 2016
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 of documents…
July 24, 2015
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 Profit Tax Return (“PTR”) and its submission to Inland Revenue Department (“IRD”), Hong Kong Tax Authority, works.