You are here

News

25-Apr-2012

Hong Kong signs tax treaty with Malaysia on April 25, 2012.

Hong Kong is actively seeking to expand its network of CDTAs with major trading and investment partners. This is the 24th comprehensive agreement for the avoidance of double taxation (CDTA) concluded by Hong Kong with its trading partners.

31-Mar-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.

16-Mar-2012

The Government published in the Gazette today the Companies Ordinance (Amendment of Eighth Schedule) Order 2012 to abolish capital duty currently levied on Hong Kong companies that have a share capital.

07-Mar-2012

The Financial Secretary proposed to waive the business registration fees for one year, starting from 1 April 2012. The Government will introduce the relevant budget legislation into the Legislative Council as soon as possible to effect the proposal.

In respect of local companies the fees will be reduced by a sum of $2,000 if the related incorporation applications are made within the period from 1 April 2012 to 31 March 2013 ("Waiver Period").

20-Feb-2012

The Financial Secretary, Mr John C Tsang, proposed a package of tax measures. One of the measures is a reduction of profits tax, salaries tax and tax under personal assessment for the year of assessment 2011-12.

In total, 1.62 million taxpayers whether incorporated or unincorporated, salary tax payers and individuals electing for personal assessment will enjoy the tax reduction. The measure will cost the Government $10.02 billion in the financial year 2012-13.

06-Feb-2012

The World Bank report, ‘Doing Business 2012’ places Hong Kong in second place, next to Singapore.

The World Bank report, ‘Doing Business 2012’, ranks 183 economies on their ease of doing business. A high ranking on the ease of doing business index means the regulatory environment is more conducive to the starting and operation of a local firm.

13-Jan-2012

Hong Kong Remains World's Freest Economy

For the 18th consecutive year, Hong Kong maintained its position as the world’s freest economy, according to the 2012 Index of Economic Freedom, published by The Heritage Foundation.

Launched in 1995, the Index evaluates countries in four broad areas of economic freedom: rule of law, regulatory efficiency, limited government, and open markets.

11-Jan-2012

The number of local companies newly registered with the Hong Kong Companies Registry in 2011 hits a record high of 148,329. According to figures released on the official site of Companies Registry (www.cr.gov.hk) this figure 6.31% overtops the number of compnies registered in 2010.

21-Dec-2011

Hong Kong’s Inland Revenue (Amendment) (No. 3) Ordinance 2011 (the Amendment Ordinance), which implements the proposed profits tax deduction for capital expenditure incurred on the purchase of copyrights, registered designs and registered trademarks, was gazetted on December 16, 2011.

14-Dec-2011

Hong Kong has topped the World Economic Forum’s Financial Development Index for the first time, up from fourth in 2010.

According to the WEF Financial Development Index released today, Hong Kong has overtaken the US and the UK. Singapore ranks fourth, while Mainland China ranks 19th, up from 22nd.

Pages