Two-Tier Profits Tax Regime: An Introduction
An important feature of Hong Kong’s tax system is that of the two-tier profit tax regime. This tax regime fine-tunes Hong Kong’s tax system to better meet the needs of both [...]
What is the Inland Revenue Department in Hong Kong
The Inland Revenue Department (IRD) in Hong Kong is the government agency responsible for administering and collecting taxes. It oversees various tax-related functions, including income tax, property tax, and stamp duty, ensuring [...]
Why do capital gains remain untaxed in Hong Kong?
Hong Kong is one of the few locations in the world where capital gains are not subject to taxation. However, any taxpayer who receives any shares or options as part of [...]
What are the responsibilities of the Commissioner of Inland Revenue?
There are several important responsibilities which are to be performed by the Commissioner of Inland Revenue. These tasks are necessary in order to ensure that the tax system of Hong Kong [...]
Are property taxes in Hong Kong expensive?
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 [...]
What forms of Taxation are imposed in Hong Kong in 2024?
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 [...]
What role does the IRD have regarding Taxation in Hong Kong?
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 [...]
In which situations are Hong Kong Companies barred from Claiming Tax Incentives?
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 [...]
Why is Hong Kong’s Corporate Tax Rate very Low?
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 [...]
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 on location. This fact applies to individuals and [...]