Hong Kong adopts "Territorial Source Principle", all persons or companies carry business in Hong Kong are liable to pay tax in Hong Kong (whether the person or company is incorporated in Hong Kong or not).
If the tax payers who earn their income outside of Hong Kong may not be liable to pay tax in Hong Kong, but need to apply for tax exemption or advance ruling from the Inland Revenue Department.
Double taxation may occur when two or more regions collect tax on the same income or profit made by the same tax payer. Hong Kong government has signed avoidance of double taxation agreements with many countries and regions in the world and explicitly determined the taxing rights in order to reduce double taxation on Hong Kong residents or corporations, or residents or corporations from other side of agreements.
Hong Kong major taxes divided into 4 categories:
Profits tax
Salaries tax and personal assessment
Property tax
Stamp duty
Our taxation services include:
Act as Tax Representative
Handle tax return, tax computation and declaration (including profits tax, salaries tax, property tax, employer's return of remuneration and pensions)
Provide tax advisory, tax assessment and tax planning (to minimize tax liabilities in a legitimate way)
Assist in applying for extension of submission of tax return
Assist in applying for holdover of provisional tax
Assist in applying objection of tax assessment
Assist in applying the offshore income tax exemption
Assist in handling tax queries from IRD (tax department)
Should you have any enquires about our taxation services and fee quote, please contact our professional team. We will provide you with free consultation services accordingly.
