Hong Kong Taxes

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 [...]

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 [...]

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 [...]

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 [...]

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 is [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]