On 16 January 2017, the MOF and SAT jointly released the Draft Law of the People's Republic of China on Cultivated Land Occupation Tax for public consultation.

Her Majesty's Revenue and Customs has long had a reputation as one of the strictest tax collectors globally...

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 aligned its tax policy with its growth-oriented economic goals to become one of the most tax friendly environments in the world, with just three direct taxes ...

Passed on December 18, 2024, the Inland Revenue (Amendment) (Tax Deductions for Leased Premises Reinstatement and Allowance for Buildings and Structures) Bill 2024 ("Lease Reinstatement Costs Bill") amends the Inland Revenue Ordinance ("IRO") to permit tenants of leased premises...

As an attempt to cool off the residential property market, the Hong Kong Government, announced that the Stamp Duty Ordinance would be amended to increase the AVD rates for ALL residential property transactions.

HMRC has long had a reputation as one of the strictest tax collectors globally, but until recently, non-domiciled non-resident persons were treated leniently.

The Financial Secretary of the Hong Kong SAR Government, the Honourable Mr. Paul Chan Mo-po delivered the 2021-22 Budget Speech in the Legislative Council on 24 February 2021.

Transfers of HK stock are exempt from HK stamp duty where the transferor & transferee are associated bodies corporate.

The Government will continue to closely monitor the property market movements and the ever-changing external conditions.

Hong Kong is the easiest jurisdiction in Asia Pacific for accounting and tax compliance, and fourth-easiest globally - according to TMF Group's Financial Complexity Index 2018.