Hong Kong taxation is well known for its low tax rate where taxes are levied on profits, salaries and property income with varying rates. Estate duty was completely abolished in 2006. Hong Kong has no sales or VAT tax nor is there any form of dividend or capital gain tax. Hong Kong tax is based on the “territorial” or “source” concept. As a general rule, only profits derived in Hong Kong are assessable for taxation and genuine offshore transactions are not subject to Hong Kong tax, although the Inland Revenue Department is extremely diligent in its determination of onshore and offshore profits.

We help individuals, businesses and other organisations with reducing both their tax costs and time spent on compliance and reporting obligations. We make sure all appropriate tax reliefs are identified and claimed with maximum benefit. We then work with them to identify and realise the opportunities that are key to our clients’ financial success and long-term prosperity.

Our tax services include:

• Preparing tax computation and filing of tax return
  • Profits tax
  • Salaries tax
  • Property tax
• Completing and filing of employer’s return
• Holding over of provisional tax
• Objection to tax assessment
• Assisting in handling enquiries from IRD
• Claim for tax exemption on offshore income/profits
• Field audit and tax investigation support
• Tax due diligence support
• Advance ruling application
• Stamp duty advisory and applications for exemptions
• Company and individual tax compliance consultancy
• Application for Certificate of Resident Status in Hong Kong

If you have any queries, please feel free to contact our tax manager to find out more about how we can help you.