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New Support Measures Launched Due to COVID-19 The Hong Kong Export Credit Insurance Corporation (HKECIC) is launching new support measures regarding the liquidity of SMEs in Hong Kong. The new support measures are for the exporters in Hong Kong. This is in light of the COVID-19 pandemic. The support measures will be effective until 1…
Hong Kong Remains Globally Favoured Despite Setbacks Affecting the Jurisdiction Year in year out, Hong Kong had always been the top destination in terms of business affairs. Its pro-business environment and government efficiency make it a favoured place by all sizes of business organisations. The year 2019 saw Hong Kong plagued with social unrest for…
Taxpayers Must File Hong Kong 2019/20 Taxes on Time Complete Your Hong Kong Tax Returns Before the 2 July Deadline All individuals were issued with their Hong Kong 2019/20 on 1 June 2020. Taxpayers must file and complete their returns by the 2 July 2020 deadline. All income tax returns should be completed and…
430,000 Applications for the Hong Kong Employment Support Scheme Response Has Been Well-received by the Public Since the Announcement A total of 428,659 applications have been received by the Government for the Hong Kong Employment Support Scheme (ESS). Applications closed on 15 June 2020. Out of the total, 168,799 applications were from employers. The…
Technological Research and Development Personnel Can Now Cross Borders As the pandemic continues to loom over most of the world, many economic sectors are at a standstill. Since the outbreak spreads through social contact, countries enforce social distancing. Hence, trade and services take the worst hit because even with technological advances, human contact continues to…
Hong Kong is Set to Start the Ball Rolling With Its Soon-to-be-launched Campaign As the world continues to grapple with the new norms in society and commerce, Hong Kong is taking steps to start a promotional strategy – Relaunch Hong Kong. The impact of Covid-19 has hit Hong Kong tourism sector hard. As a global…
Green and Sustainable Finance Cross-agency Steering Group Established in Hong Kong Paving the Way for a Greener and More Sustainable Financial Future A Green and Sustainable Finance Cross-Agency Steering Group (Steering Group) has been established in Hong Kong. It is a joint effort by the Hong Kong Monetary Authority (HKMA) and the Securities and…
Quarantine Exemption for Hong Kong Manufacturing Operations in the Mainland Businesses Operating in the Mainland May Apply for Exemption for Travel Hong Kong’s Special Administrative Region has announced that local enterprises involved in manufacturing operations can apply for quarantine exemption arrangements. This is applicable to businesses operating in the Mainland. Hong Kong’s Trade and…
Public Services in Hong Kong Resuming in Phases Starting From 4 May 2020 Services to Resume With High Levels of Vigilance and Precautionary Measures Hong Kong will see public services resume starting from 4 May 2020. This comes after instructions from the Steering Committee cum Command Centre pertaining to the COVID-19. The city will…
Hong Kong – Macau CDTA (Comprehensive Avoidance of Double Taxation Arrangement) For years, Hong Kong and Macau residents have earned income across the border and have to pay tax twice. Hong Kong and Macau are both Special Administrative Region of Mainland China. Recently, Hong Kong signed a comprehensive avoidance double tax arrangement with the Mainland.…