Taxes in Hong Kong
Focus on your business while we handle complex taxation policies for you. your business needs to stay up to date with new tax laws and regulations. let us leverage our expertise by dealing with this for you. We relieve your company of the stress and fines arising from non-compliance with tax declarations. Providing services such as individual tax declaration, optimization, and filing of annual tax returns, our firm efficiently handles matters relating to your business.
Tax solutions in Hong Kong
With our team of professionals managing tax compliance efficiently, the firm ensures not just compliance but transparency in our delivery too. We place much value on fulfilling your tax filing at the right time, reporting income, and minimizing tax liabilities.
Tax optimization
The best way to optimize taxes is by reduction of tax liabilities. Optimization of the current tax structure, eliminating double taxation, and identification of tax wastefulness are services offered to our clients.
Tax consultation
Tax consultancy services offered by our firm include optimization of income taxes in China and expert advice on the expansion of businesses into the Asian market. These are usually implemented by formulating dynamic and strong tax strategies by our financial expert.
Bookkeeping
By hiring our bookkeeping service, early notification is sent to the government whenever your statutory books are relocated. Compliance with deadlines issued by Tax authorities to file annual accounts. We ensure your company’s profit tax returns are annually filed at the IRD.
Applying for tax return
Receiving a notice from the Inland Revenue Department to file tax returns can be tiring sometimes, especially with the deadline always close by. One of our support services is providing answers to questions individuals may have about salary taxes. As well as handling the paperwork for filing a return.
System of taxes and fees in Hong Kong
There are three main types of taxes; personal tax, corporate tax, and property tax. Employees are liable to personal taxes. Income earned by companies is liable to corporate tax. While property tax applied to people with properties such as land and buildings.
Tax rates
The table below provides a list of several common tax types along with their associated rates.
| Tax | Tax Rate |
|---|---|
| Corporate income tax | 8.25% – 16.5% |
| Personal income tax | 2% – 17% |
| Dividend tax | 0% |
| Capital Gains tax | 8.25% – 16.5% (under profits tax) |
| Property tax | 15% |
| Inheritance tax | 0% |
| International tax | 15% (Global minimum tax for large multinationals) |
| Cryptocurrency tax | 0% – 17% |
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Disclaimer
Tax laws and regulations are in a state of constant flux and can differ depending on personal situations. The information presented here serves as general guidance only and might not represent the latest updates. It is strongly advised to seek the assistance of a qualified tax professional for thorough and current advice tailored to your circumstances.