Hong Kong

With consideration of COVID-19 impact on business operation in Hong Kong, the Hong Kong Inland Revenue Department (“IRD”) announced on 4 April 2020 that deadlines for the following tax matters [...]

In view of pandemic of coronavirus, the operation and public services of the Hong Kong Inland Revenue Department (“IRD”) are greatly affected.

In light of the prevailing economic condition and the financial difficulties that some taxpayers might be facing, on 4 December 2019 the Financial Secretary of the HKSAR announced another series [...]

The Companies Registry has released the circular “Commencement of Operation of the Non-Hong Kong Companies (Disclosure of Company Name, Place of Incorporation and Members’ Limited Liability) [...]

The two-tiered profits tax rates regime becomes effected from the year of assessment 2018/19.

The Inland Revenue (Amendment) (No. 7) Bill 2017 (the “Bill”) was passed by the Legislative Council on 21 March 2018. The Bill introduces the two-tiered profits tax regime (the “Two-tiered [...]

The Financial Secretary, the Honourable Paul MP Chan, delivered the 2018-19 budget speech of the Government in the Legislative Council on 28 February 2018. The Financial Secretary proposed relief [...]

The Companies (Amendment) Ordinance 2018 (“the Amendment Ordinance”) introduces new requirements on the keeping of Significant Controllers Registers by companies. The Amendment Ordinance will [...]

Similar to other financial centres, banks in Hong Kong do not have identical checklist of information required for account opening since individual banks formulate policies in accordance with [...]

Hong Kong has signed agreements with Portugal and South Africa for conducting automatic exchange of financial account information in tax matters (AEOI).