Year of assessment 2019/20 tax filings time table
In view of pandemic of coronavirus, the operation and public services of the Hong Kong Inland Revenue Department (“IRD”) are greatly affected.
Waiver of Surcharges for Installment Tax Payments
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 [...]
Commencement of Operation of the Non-Hong Kong Companies Regulation
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) [...]
Two-Tiered Profits Tax Regime
The two-tiered profits tax rates regime becomes effected from the year of assessment 2018/19.
Two-tiered profits tax regime is implemented
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 [...]
2018-2019 Hong Kong Budget Highlight
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 [...]
Implementation of Significant Controllers Register
The Companies (Amendment) Ordinance 2018 (“the Amendment Ordinance”) introduces new requirements on the keeping of Significant Controllers Registers by companies. The Amendment Ordinance will [...]