Every country and territory in the world imposes tax rates at levels it deems to be suitable for the people who live and pay taxes there. This is the primary reason why tax rates around the world differ. These [...]

Property tax is one of the forms of taxation which is imposed in Hong Kong. It is charged with income earned through land and buildings located in Hong Kong. This income is usually earned by the owner of the [...]

The IRD is led by the Commissioner of Inland Revenue. The IRD also has two deputy commissioners who serve under the direction of the commissioner. One deputy commissioner manages all technical aspects of the IRD. The second oversees the [...]

Just as is the case in almost any other location in the world, the companies of Hong Kong are required to pay a certain amount of corporate tax. However, the most notable fact about corporate tax in Hong Kong [...]

Hong Kong has deservedly gained a reputation as one of the world’s financial hubs and most suitable business locations. Many major companies in the world today choose to conduct business operations there. Hong Kong is also home to the [...]

The taxation system of Hong Kong is territorially based. This means that all taxes which are imposed in Hong Kong are not levied on location. This fact applies to individuals and companies alike. The Inland Revenue Department (IRD) administers [...]

A corporate tax in Hong Kong is a regulatory fee charged on the profit of a firm. After deducting expenses and calculating operating costs including the Cost of Goods Sold (COGS) and depreciation from revenues, authorized tax rates are [...]

In Hong Kong, the personal income tax rate is a tax collected from individuals and is imposed on different sources of income like labour, pensions, interest, and dividends. The benchmark used for international standards refers to individuals' top marginal [...]

Some people use Tax Avoidance and Tax Evasion interchangeably, which is wrong. 'Tax avoidance' and 'tax evasion,' have the opposite meaning. While tax avoidance is using legal accounting measures and procedures to reduce the amount of tax that a [...]