Fifth Protocol Arrangement to Avoid Double Taxation New Arrangement Between Hong Kong and the Mainland Effectively Enforced Hong Kong and the Mainland have reached a new arrangement with the Fifth Protocol. This will be implemented in the Avoidance of Double Taxation Arrangement. The arrangement was signed in July 2019. As part of the new…
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New Tax Concessions for Hong Kong – One-time Offer for Taxpayers A new tax bill was passed by the Hong Kong Legislative Council and gazetted on 15 November 2019. It will offer tax concessions to as many as 1.91 million taxpayers. In addition, the bill will also benefit 145,000 tax-paying corporations and unincorporated businesses. These…
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HKSAR and Mainland China Signed Fifth Protocol Arrangement Hong Kong has signed the Fifth Protocol to Arrangement with Mainland China to avoid double taxation. The agreement is between the Hong Kong Special Administrative Region (HKSAR) Mainland China. The agreement is set to deliver some tax relief to eligible teachers and researchers based in Hong Kong…
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Filing Your Tax Return On Time in Hong Kong to Inland Revenue Department (IRD) The Inland Revenue Department (IRD) Hong Kong requires taxpayers in Hong Kong to file their tax returns within one month from the date of issues of the returns. The 2018/19 tax returns were issued to taxpayers in Hong Kong on 2…
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