An assessee can reduce his/her tax liability, by legitimate means, in two ways – tax planning and tax avoidance. The former is described as the arrangement of financial activities in a way that the assessee can avail maximum tax benefit. On the other hand, the latter is a technique of refraining from tax liability, through [...]
A top question I’m asked when a client is opening a Hong Kong company – “How do taxes work? I can get 0% right?” Such a short and simple question, but will be a full post in today’s guide. Full disclaimer, please consult a Hong Kong certified CPA for professional advice. I do not have [...]
Public Finance: Objectives and Approach Consolidating Pillar Industries and Diversified Development Economic Performance and Forecast Investing for the Future, Sharing and Caring Capacity Building Government Revenue and Expenditure
Hong Kong offers low taxes, unrestricted flow of capital and information, and world class infrastructure. Your company must consider it as a gateway to Asia. Hong Kong company formation offers: A presence in Hong Kong, gateway to China and SE Asia Access to low corporate and profits taxes Annual tax audits No need to live [...]
Hong Kong is an ideal platform for doing business in Asia, especially mainland China. Hong Kong is a free port that does not levy any customs tariff and has limited excise duties. Its strong rule of law and respect for property rights make it a strategic platform for U.S. companies, especially small- and medium-sized firms, [...]
Every business and organization has to maintain proper accounting records so as to fulfill the tax reporting requirements while filing the tax return to the Inland Revenue Department and in compliance with the Hong Kong Companies Ordinance. Besides, proper accounting records may also help management to manage the company's operations effectively and efficiently, and to [...]
