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Jul 9, 20241 min read
FATF published a Statement and “Jurisdictions under Increased Monitoring”
The Financial Action Task Force (“FATF”) published the “FATF Statement on High-Risk Jurisdictions subject to a Call for Action” and...
Apr 16, 20241 min read
IRD issues profits tax, property tax and employer's returns for 2023-24
The Inland Revenue Department (IRD) today (April 2) issued about 220 000 profits tax returns, 120 000 property tax returns and 310 000...
Mar 26, 20245 min read
Foreign-sourced Income Exemption (Economic Substance Requirement)
Hong Kong's tax system is based on its unique territorial principle, which taxes only income that originates within Hong Kong. This means...
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