News

HK Government is proposed a one-off reduction of profits tax, salaries tax and tax under personal assessment for the year of assessment 2020/21 by 100%, subject to a ceiling of $10,000 per case.

HK Government is proposed to increase the stamp duty from 0.2% to 0.26% of share transfer. It is still calculate on the consideration or net asset value, whichever is higher.

During 1st October 2020 to 30 September 2022, Companies Registry will waive all the Hong Kong company filing fee of Annual Return if the Annual Return delivered on time. Click here to see the full regulation notice.

Our CORE has been an intermediary of Currenxie. This is a newly established platform for Hong Kong company and offshore company to open a bank account without travelling to Hong Kong.

With effect from the year of assessment 2018/19, Tax Department has introduced two-tiered profits tax rates for corporations and unincorporated businesses by lowering the tax rate for the first $2 million of assessable profits.