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