Hong Kong’s 2025 Tax Deadline: A Crucial Reminder
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
Starting a business in Hong Kong is the dream of thousands of entrepreneurs from all around the world. As a global business hub, starting a business in Hong Kong can be extremely easy and profitable. Most importantly, due to its favorable tax policies, Hong Kong is counted among the tax havens for entrepreneurs and investors.Read More
Do you have a business in Hong Kong, or are you planning to have one? If the answer is yes, transfer pricing is one important thing you should know about; and we are here to help you understand it. After reading this article, you will have full knowledge of what transfer pricing is, from itsRead 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
Companies incorporated in Hong Kong are required to keep good books of accounts and to comply with statutory audit requirements on an annual basis, according to the provisions of the Hong Kong Companies Ordinance. Hong Kong’s accountancy profession is regulated by the Hong Kong Institute of Certified Public Accountants (HKICPA). Hong Kong Accounting Standards HongRead 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
Hong Kong is an appealing place for prospective business owners without a doubt. If you want to start a business on a global scale, Hong Kong could be the location for you. When it comes to the best places to do business in the world, Hong Kong is right at the top. It’s an excellentRead More
If you are earning money, you must pay taxes, and there is no way you can avoid it. It is essential to pay taxes in order to build the nation. Unlike other employees, self-employed individuals should not let their taxes be automatically deducted from what they earn. Therefore, if you are a freelancer or self-employed,Read More
With the economic turmoil of the American and European economies, many global business people have started planning to explore Asian countries more. Among the choices, Hong Kong is always at the top of the list. Among the main reasons why Hong Kong ranks at the top of any entrepreneur’s list when it comes to startingRead More