Do Hong Kong offshore companies pay taxes?
Hong Kong offshore companies are exempted from paying taxes. This is because its activities are expected to generate income outside Hong Kong and thus not subjected to taxation as with other [...]
Does Hong Kong have an export tax on items exports from HKSAR?
No, Hong Kong does not have an export tax on items exports from HKSAR.
Who needs to pay taxes in Hong Kong?
Everyone who receives income in Hong Kong whether through employment or pension is expected by the IRD to pay salaries tax.
What is two-tier taxation in Hong Kong?
This is a method of taxation that involves income being taxed twice starting with the first HK$2 million of profits taxed at one-half of the general tax rate of 8.25% for corporations, [...]
What is the role of corporate taxation in Hong Kong
Revenue generated from corporate taxes in Hong Kong goes into the running of government affairs just like in any other country. It is worth noting that one of the reasons why Hong [...]
Why is tax avoidance considered an unethical act?
Tax avoidance is often viewed as attempting to avoid social obligation which is unethical.
How can I calculate tax avoidance?
Tax avoidance is computed by dividing the total expenses by the accounting earnings before tax. Tax avoidance is thus a reflection of the aggregate proportion of accounting income payable relative to the [...]