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In a previous article I wrote about the need to plan against inheritance taxes.

In my last article I wrote about the need to plan against inheritance taxes. One way of doing this is to transfer assets into trust. Once there the assets no longer belong to you, they belong to the trustees, so generally would not attract any tax charge on your death because the legal owner doesn’t change.

Profitable or potentially profitable PRC domestic enterprises are now very sought-after acquisition targets for foreign investors and venture capital funds.

The existing foreign-sourced income exemption ("FSIE") regime, which came into effect on 1 January 2023, already deems certain foreign-sourced income...

To bring Hong Kong's Foreign-Sourced Income Exemption (FSIE) regime in line with the European Union's updated guidance on FSIE regimes promulgated in December 2022, the Inland Revenue (Amendment)...

The Hong Kong Special Administrative Region government gazetted the Inland Revenue (Amendment) (Taxation on Foreign-sourced Disposal Gains) Bill 2023 on 13 October...

The Hong Kong Inland Revenue Department (IRD) has begun contacting companies potentially affected by the Global Anti-Base Erosion (GloBE) Rules and the newly enacted Hong Kong Minimum Top-Up Tax (HKMTT).

The 2024-25 Hong Kong Budget unveils a series of strategic policies and initiatives centred around revitalising the Hong Kong economy.

In this tax flash, we aim to provide you with updates and summarize the key points of the Standard.

The Inland Revenue Ordinance ("IRO") generally prohibits any deduction in respect of any expenditure of a capital nature for the purpose of computing assessable profits. As a result, the costs of acquiring land upon which a commercial or industrial building is erected is non-deductible.

Hong Kong has served as the world's gateway to China for over 150 years, evolving from a trade hub into a sophisticated financial center. With its unique "One Country, Two Systems" status, common law legal framework, and competitive tax regime, the city is experiencing renewed global interest as a safe haven and business hub, particularly as first quarter 2026 GDP expanded 5.9% and residential demand surged amid record-breaking capital market activity.

In my last column I reviewed some of the low or no tax jurisdictions where departing Hong Kong residents might elect to move – upon retirement or the end of their work contract – in order to avoid the punitive levels of tax that will surely have to be, or already have been, imposed by those countries that have raised their spending and national debt to unprecedented levels in a bid to combat the effects of the credit crisis.

The European Commission issued, on 30 April, an official Guidance Note to clarify the customs and tax treatment of pleasure craft — boats, vessels and private aircraft – under EU customs and VAT rules across all 27 Member States.

The Court of Appeal in Hong Kong delivered its judgment in Zeta Estates Ltd v Commissioner of Inland Revenue on 6 March 2006. Although the taxpayer in this case failed in its appeal, the comments made by Tang JA are interesting.

South African tax residents are subject to taxation on their worldwide income and are required to disclose that income to the South African Revenue Service (SARS).

China's Belt & Road Initiative in terms of overseas projects has been receiving project financing to the tune of about US$13 billion a month.

On 29 October and 1 November 2012, we published the first and second of two legal updates on the introduction of Buyer's Stamp Duty.

The unprecedented change in the economic environment following the outbreak of COVID-19 has given rise to new restrictions imposed by governments around the world...