This post is also available in: 繁體中文 (Chinese (Traditional)) 简体中文 (Chinese (Simplified))
Settle Your Taxes the Easy Way With Corporate Tax Planning and Tax Advisory Services in Hong Kong Today
Hong Kong has probably the most business-friendly tax system in the world, which explains why the World’s Asia City is dubbed as a business and trade hub, bringing in an influx of entrepreneurs and investors from all across the globe. Although the city exempts many taxes, some taxes are mandatory and needs to be correctly declared to avoid being fined in the future. That said, taxes such mundane tasks; but what if you don’t have to do them yourself? Learn corporate tax planning and tax advisory services in Hong Kong today.
In Hong Kong, there is no capital gains tax, withholding tax, estate tax, sales tax or interest tax, which explains why the city is so favourable among others. Apart from that, the taxes in Hong Kong that are imposed on Hong Kong’s resident and non-residents alike, but it is important to note that they are not a burden to the taxpayers.
First Things First
Whether you are an individual or an organisation, tax advisory can help you solve all your tax needs. This includes financial and tax analysis, finding the right solutions to your tax problems and providing you with quality advice on the Hong Kong taxation system. Corporate tax planning and tax advisory services in Hong Kong help you navigate seamlessly on:
Tax Compliance Matters
From profits tax returns filing to answering questions by the Hong Kong Inland Revenue Department (IRD), tax advisory can help you with that. Besides, if you’re new to the city, tax advisory can help you with filing a tax return – the BIR60.
It is a known face that stamp duties are required when you purchase or transfer asset and property. The stamp duties are needed to serve as substantial proof to signify that the tax liability has been paid. Tax advisory helps on the application for stamp duty relief as well!
Tax Dispute Resolution
Are you having trouble in tax disputes? Worry not. Tax planning and advisory will help you to manage, overcome and resolve your disputes. Besides, they will also offer advice on how to avoid it from happening again in the future.
Tax Investigations and Field Audit
Besides suspected tax evaders, tax investigations by IRD can happen to anyone by random sampling. Do not panic if this happens to you. Simply refer to local tax planning and advisory services. Tax investigations are launched to detect and uncover undercharged tax and to make sure every taxpayer dutifully pay their taxes.
Tax Treaty Matters
If you run an international business that involves two countries, there’s a chance where double taxation on active and passive incomes can happen. To protect yourself and your business, it is wise to consult a tax planning and advisory firm and seek their advice. Plus, they can also delegate treaty relief application and tax resident certificate on your behalf.
M&A Tax Matters
A tax advisory will help on due diligence reviewing, quantifying and analysing acquisition tax assets, assessing tax risks, tax-efficient structuring for M&A transactions.
And much more.
The Bottom Line
It is imperative that you clear your personal taxes and if you are an entrepreneur, clear your business taxes and keep them in check, so that you do not run an unfortunate event with the Hong Kong Inland Revenue Department. Taxes are complicating, especially if you are not a local. Therefore, protect yourself and your business from potential tax crimes and financial losses by consulting corporate tax planning and tax advisory services in Hong Kong.