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 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 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).