Hong Kong is renowned for its simple and competitive tax system. This city has one of the lowest tax rates. It attracts both local and international talent to operate in Hong Kong. However, businesses and individuals need to stay on top of the tax filing deadlines. Understanding the different Hong Kong’s 2025 Tax is critical forRead More
For the growth of any business in Hong Kong, a fiscal year, which typically spans 12 months, plays an important role. During this period, a company tracks its financial performance, prepares annual accounts, and pays taxes. Every business in Hong Kong uses a fiscal year, often known as a financial year, for accounting, preparation ofRead More
Hong Kong Tax revenue rose to a record HK$378.5 billion in 2021 – 2022 FY. Despite the fact that fewer people paid salary taxes and firms made less money during the economic slump, Hong Kong collected a record HK $378.6 billion (the US $48.52 billion) in taxes for the previous fiscal year. Part of theRead More
Hong Kong is a booming city because of its simplified tax regulations and low-tax regime. It is an investment center not only in Asia but around the world. A large number of business owners have started their ventures in Hong Kong to enjoy the business-friendly environment and multiple tax incentives and allowances. When operating aRead More