Author: beasadmin

Hong Kong launches consultation on implementation of global minimum tax and minimum top-up tax On December 21, 2023, the Government launched a consultation exercise to gather views on the implementation…

Tax Certainty Enhancement Scheme for Onshore Gains on Disposal of Equity Interest Currently, there is no capital gain tax in Hong Kong. Hence, gains or profits, arising in or derived…

2024-25 Hong Kong Government Budget Highlights 28 Feb 2024

New Capital Investment Entrant Scheme The Government announced on December 19, 2023 the details of the new Capital Investment Entrant Scheme (CIES) The new CIES will accept applications from eligible…

Key Measures Unveiled in the 2023 Policy Address Stamp duty with effect from October 25, 2023: (i) shorten the applicable period of the Special Stamp Duty (SSD) from three years…

Updates on the proposed refinements to foreign source income exemption regime for passive income in Hong Kong To comply with the guidance on foreign source income exemption (FSIE) regime issued…

Hong Kong Plans to Introduce Re-domiciliation Regime Traditionally, many enterprises set up investment holding companies in offshore jurisdictions such as the British Virgin Islands, Cayman Islands, Seychelles, etc. for various reasons.…

Professional Outsourced Accounting Services If you are facing the challenges of shortage in accounting talent, or if you wish to streamline your accounting functions so that you can focus on…

No More “Nil” Return Abolishment of exemption for submission of audited accounts Starting from the year of assessment 2022/23 onwards, all corporations and businesses, regardless of the amount of their…

2023/24 Hong Kong Government Budget Highlights The Financial Secretary Mr. Paul Chan Mo-po delivered the 2023/24 Budget speech on 22 February 2022. The budget proposals will need approval by the Legislative…