Everything You Need to Know About Crypto Taxes in Hong Kong
You might think that in a place famous for its laissez-faire approach to finance, cryptocurrencies would roam free like digital wildcats, unburdened by the weight of taxation. But no, even in the glittering harbor of Hong Kong, the taxman cometh for your Bitcoin. The two questions that are keeping Hong Kong’s accountants up at night: […]
Why Hong Kong Bearer Shares Aren’t What They Used to Be
In March 2014, Hong Kong introduced the Companies Ordinance (Cap. 622), a comprehensive reform of its company law aimed at enhancing corporate governance and transparency. One key aspect of this ordinance was the prohibition of bearer shares, which required companies to either convert existing bearer shares into registered shares or cancel them entirely. This move […]
Hong Kong: A Thriving Hub for Art and Tax Benefits
Hong Kong stands as a beacon of opportunity in the realms of art and business, blending its rich cultural heritage with modern financial acumen. Known for its dynamic art market, efficient logistics, and favourable tax policies, Hong Kong has attracted international attention. This city provides an attractive investment environment for art collectors, galleries, and businesses […]
6 Strategies to Maximize Hong Kong’s Foreign Sourced Income Exemption
Foreign sourced income, in the context of Hong Kong’s tax system, refers to income that is derived from sources outside of Hong Kong. To be considered foreign, the income must be generated from sources outside of Hong Kong, such as from business operations, investments, or employment in foreign countries, but also income from sales, services, […]
The New Foreign Sourced Income Exemption (FSIE) regime for passive income in Hong Kong
Let’s admit it, Hong Kong is one of the best jurisdictions in Asia as a regional headquarter; however, due to the low tax regime, Hong Kong’s reputation has always been questioned. To be an attractive financial hub, it is time that the Hong Kong tax system adapts to OECD norms regarding the taxation of passive […]
Make Your Tax Residence Your New Home
It is not uncommon for digital nomads to spend nine months of the year traveling around the world, going from country to country, and staying in numerous hotels and airbnbs. At some point they come home for a few months to sort a few things out at the bank and visit their mothers before going […]
Individual Income Tax Subsidies in Greater Bay Area
On March 14, 2019, the Ministry of Finance and the State Administration of Taxation jointly issued the “Notice on Preferential Individual Income Tax Policies in the GBA Area” (Caishui [2019] No. 31, hereinafter referred to as “Circular 31”). The preferential policy for the subsidy of individual income tax burdens introduced in this article aims to […]
