100% rebate on first HK$3,000 of tax payable for individuals and businesses. Deductions for expenses incurred in reinstating leased premises. Proposed further enhancement of preferential tax regimes for single family offices. 10% increase in annual Business Registration Fee to HK$2,200 from 1st April....
• Commitment to propose early legislation encouraging Hong Kong corporate domicile • No increases to attractive corporate or personal taxes despite financial headwinds • Business Registration fees returned to HK$2,000 p.a. • Support for telecoms, tourism IT, wealth management, and aircraft leasing...
The ruling by the Court of First Instance (CFI) strengthens the standing of the territorial tax code widely promoted as a reason to invest and carry out business in Hong Kong. It centred on whether profits are sourced offshore and thus not chargeable to Hong Kong Tax. The CFI ruled that the key issue is what a company does and...
New personal and corporate tax incentives are among the measures announced in the Annual Budget issued by Financial Secretary Mr. Paul Chan eon 24 Feb 2021. For more details.....