Hong Kong Enhancing Foreign-Sourced Income Exemption (FSIE) Regime

Hong Kong Enhancing Foreign-Sourced Income Exemption (FSIE) Regime

Updates Introduced to the Foreign-Sourced Income Exemption (FSIE) Regime in Hong Kong Hong Kong is amending the foreign-sourced income exemption (FSIE) regime to address cross-border tax avoidance. This will position Hong Kong’s FSIE regime in line with international standards. The standards require corporate taxpayers to satisfy economic substance criteria in Hong Kong to enjoy tax…

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SME ReachOut: Tech and SME Sourcing Fair Enhanced

SME ReachOut: Tech and SME Sourcing Fair Enhanced

Empowering SMEs at the SME ReachOut Tech+ SME Sourcing Fair 2023 The SME ReachOut: Tech+ SME Sourcing Fair 2023 opened with Mr Algernon Yau, Secretary for Commerce & Economic Development, showing his support for small and medium-sized enterprises (SMEs). The event marks a significant step in enhancing their technological capabilities and competitiveness. It’s the flagship…

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Professional Advancement Support Scheme Renewed

Professional Advancement Support Scheme Renewed

New Application For Professional Services Advancement Support Scheme From September 2023 Beginning September 1, non-profit distributing organisations in the professional services sector can apply for funding under the Professional Services Advancement Support Scheme (PASS). The new round of funding offers will last until November 30, 2023. Registered professional bodies, trade and industrial organisations and research…

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Hong Kong Embraces Tech for Mail Service Improvements

Hong Kong Embraces Tech for Mail Service Improvements

Hong Kong Using Tech for Mail Service Improvements Hongkong Post, the city’s renowned postal service, is making significant strides in keeping up with the rapid growth of e-commerce. The postal service leverages smart technology for improved efficiency and enhanced customer experience. According to Hong Kong government, these solutions would also consider workplace safety.   iPostal…

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