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08-May-2009

Foreign-currency reserves up US$7.1b. Hong Kong's official foreign-currency reserve assets rose to US$193.4 billion in April, up US$7.1 billion on March, the Monetary Authority says. Including unsettled forward contracts, foreign currency reserve assets stood at US$194 billion, up US$7.7 billion on March. Hong Kong is the world's seventh largest holder of foreign currency reserves, after the Mainland, Japan, Russia, Taiwan, India and Korea.

04-May-2009

An order made by the Chief Executive in Council under the Inland Revenue Ordinance to implement the Agreement with the Socialist Republic of Vietnam for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income was gazetted today (April 30). The agreement is the fifth comprehensive double taxation agreement (CDTA) Hong Kong has signed with its trading partners, coming after those with Belgium, Thailand, the Mainland of China and Luxembourg.

07-Apr-2009

Foreign currency reserves up US$9.1b Hong Kong's official foreign currency reserve assets rose US$9.1 billion to US$186.2 billion at the end of March, the Monetary Authority says. Including unsettled forward contracts, the foreign currency reserve assets of Hong Kong at the end of March also stood at US$186.2 billion. Hong Kong is the world's eighth largest holder of foreign currency reserves after the Mainland, Japan, Russia, Taiwan, India, South Korea and Brazil.

02-Apr-2009

The Inland Revenue Department has issued about 160,000 profits tax returns, 110,000 property tax returns and 320,000 employer's returns for the year 2008-09. About 2.08 million tax returns for individuals will be issued on May 4. In this year's Budget, the Financial Secretary proposed a one-off reduction of 50% of salaries tax and tax under personal assessment for 2008-09, up to a maximum of $6,000. When relevant laws are enacted, eligible individuals with rental income or business profits can enjoy the reduction by electing personal assessment in their 2008-09 tax returns.

25-Mar-2009

The Agreement between the Hong Kong Special Administrative Region of the People's Republic of China and the Grand Duchy of Luxembourg for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income and on Capital ("the Agreement") was formally signed on 2 November 2007. According to Article 28 of the Agreement, this Agreement shall, upon the written notifications by both Sides of the completion of their respective required approval procedures, enter into force on the date of the later of these notifications.

09-Apr-2012

The fee payable for Business Registration Certificate is 450 HKD (approx. 60 USD) since 1st April, 2012.

This measure was imposed in order to set more attractive terms for registration of companies in comparison with other jurisdictions.

In accordance to this we changed our price-list since 1st of April, 2012 till 31st of March, 2013.

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