Hong Kong Tax Archives

What are tax reliefs for SMEs in Hong Kong?

July 11, 2023

Compared to other countries, Hong Kong has a relatively low tax rate and a straightforward tax system, making it an attractive place for businesses to establish operations. Even though Hong Kong’s taxes are on the lower end of the spectrum when compared to those of other nations and localities, Hong…

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Tax Evasion Penalties in Hong Kong – A Complete Guide

May 24, 2023

Hong Kong is an ideal place for overseas investors and company owners to set up businesses and grow their operations. Hong Kong’s Tax system is favorably accepted by entrepreneurs worldwide for many reasons, including the city’s ease of starting up and maintaining a company and its closeness to the mainland…

Is Hong Kong considered a tax haven for individuals and corporations?

October 7, 2022

The Hong Kong Special Administrative Region (SAR) of China, is one of the world’s leading capitals for financial services and business opportunities. The city is well known by foreign investors for its low tax rates, ease of business as well as a solid political-economic landscape. Would that be enough to…

Why is Hong Kong’s tax system attractive to businesses?

August 11, 2022

Hong Kong is known to have one of the most business-friendly and straightforward tax systems in the world. And no, Hong Kong is not tax-free; it has a low-rate tax system and a lot of added benefits. Moreover, Hong Kong business taxes are based on a territorial taxation system. Regardless…

Hong Kong Withholding Tax – Everything you need to know

May 26, 2020

Planning to set up your business in Hong Kong, but not sure about the withholding tax rules and who is required to pay? In general, there is no requirement of paying withholding taxes in Hong Kong, which makes it an attractive location to do international business. However there are special…

5 Reasons to Form a Company in Hong Kong

May 16, 2018

Hong Kong is often a “preferred choice” for most foreigners to set up a company. It is one of the major leaders in business and finance, which implies that it is an excellent jurisdiction for business incorporation and for businesses targeting the Asian market. Also, Hong Kong being a politically…