Know All About Hong Kong Taxation

Overview of Hong Kong Taxation

Hong Kong is a country that has caught the eye of many international business investors. One of the reasons Hong Kong company incorporation is such an enticing business prospect is because of the country’s taxation system.

Hong Kong Withholding Tax Guide

Hong Kong Withholding Tax Guide

Hong Kong may not have any withholding tax in its jurisdiction, due to the territorial system which is abides by.

Guide to Hong Kong Income Tax Rates and Income Tax System

Guide to Hong Kong Income Tax Rates and Income Tax System

Hong Kong’s tax system is governed by the Inland Revenue Ordinance and its subsidiary legislation, the Inland Revenue Rules. These authorities govern the corporate and individual taxation matters in Hong Kong.

Double Tax Treaties in Hong Kong

Double Tax Treaties in Hong Kong

Double tax treaties that have helped Hong Kong strengthen its position as a global, thriving economic hub.

Guide to Profit Tax and Corporate Tax in Hong Kong

Guide to Profit Tax and Corporate Tax in Hong Kong

With a system of identifying corporate tax in Hong Kong, corporations have considered the state as one of the most business-friendly countries in the world.

Hong Kong Salaries Tax

Hong Kong Salaries Tax

Hong Kong’s Salaries Tax – both corporate and personal – is among the lowest tax rates in the world. Here are other things to know about salaries tax.

Inland Revenue Department (IRD) in Hong Kong

Inland Revenue Department (IRD) in Hong Kong

The Inland Revenue Department (IRD) in Hong Kong is the government body which is responsible for overseeing the administration of taxes and duties.

How to Pay Company’s Employees, Directors, and/or Shareholders

How to Pay Company’s Employees, Directors, and/or Shareholders

All Hong Kong companies are required to keep a proper record of all payments made to the employees, directors, and shareholders. You have to declare all these payments to the Inland Revenue Department (IRD) in either the Profits Tax Return or Employer’s Tax Return.

Tax Deductible Expenses for Hong Kong Company

Tax Deductible Expenses for Hong Kong Company

The Section 16 (Ascertainment of chargeable profits) of Inland Revenue Ordinance (“I.R.O.”) has stipulated that all outgoings and expenses of a company, which they have been incurred by the taxpayer in the production of chargeable profits, are tax deductible.

Double Taxation Relief Between Hong Kong and China

Double Taxation Relief Between Hong Kong and China

Hong Kong and Mainland China agree on a Comprehensive Arrangement to provide tax relief to income earners working across the border. There are many conditions income earners need to abide for double taxation relief in either Hong Kong or China.