Category Archive for ‘2019’

The Hong Kong Government announced on 4 December 2019 a further relief measure on tax payment. For instalment plans approved by the Inland Revenue Department allowing taxpayers in financial difficulties… read more →

The Inland Revenue Department issued new Departmental Interpretation and Practice Notes The Inland Revenue Department (“IRD”) issued the following Departmental Interpretation and Practice Notes (“DIPN”): DIPN 58 – Transfer Pricing… read more →

Mainland and HKSAR signed the Fifth Protocol to the Arrangement between the Mainland of China and the Hong Kong Special Administrative Region for the Avoidance of Double Taxation and the… read more →

On 15 August 2019, the Financial Secretary of HKSAR announced the following measures: I. For enterprises 1. Waive 27 groups of government fees and charges for 12 months. 2. Reduce… read more →

The Inland Revenue Department issued the revised Departmental Interpretation and Practice Notes 28 Departmental Interpretation and Practice Notes No. 28 has been updated to set out the Department’s interpretation and… read more →

To support the development of the technology enterprises such as Huawei, ZTE, etc., in May 2019, the Government announced the preferential CIT policies for the IC and software industry that:-… read more →

The Non-Hong Kong Companies (Disclosure of Company Name, Place of Incorporation and Members’ Limited Liability) Regulation (Cap. 622M) (“Regulation”) will come into operation on 1 August 2019.  The main purpose… read more →

Important changes ! New rule on 183 days of tax residence in China On March 14, 2019, the Ministry of Finance and the State Administration of Taxation jointly issued the… read more →

[Regulatory Update] [BVI] ECONOMIC SUBSTANCE REQUIREMENTS The British Virgin Islands (“BVI”) has enacted new legislation requiring certain BVI entities carrying on relevant activities to demonstrate “adequate economic substance” in the… read more →