What is Tax Avoidance in Hong Kong?
Tax Avoidance versus Tax Evasion 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 [...]
Inland Revenue Department in Hong Kong
The responsibilities of the Commissioner of the IRD includes overseeing the administration of the following ordinances in Hong Kong: Betting Duty Ordinance Cap.108 Business Registration Ordinance Cap.310 Estate Duty Ordinance Cap.111 [...]
What role does the IRD have regarding Taxation in Hong Kong?
Structure of the IRD 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 [...]
What is the two-tier profits Tax Regime?
An important feature of Hong Kong’s tax system is that of the two-tier profit tax regime. This tax regime has played an important role in fine-tuning Hong Kong’s tax system to [...]
Why do capital gains remain untaxed in Hong Kong?
Capital Gains Tax in Hong Kong Hong Kong is one of the few locations in the world in which capital gains are not subject to any taxation. However, any taxpayer who [...]
What forms of Taxation are imposed in Hong Kong in 2020?
Property Tax Property tax is one of the forms of taxation which is imposed in Hong Kong. It is charged in relation to income earned through land and buildings located in [...]
Are property taxes in Hong Kong expensive?
Introduction 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 [...]
Hong Kong Tax Authorities
The taxation system of Hong Kong is territorially based. This means that all taxes which are imposed in Hong Kong are not levied with regard to location. This fact applies to [...]
