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MORE SUBSTANCE PLEASE

27 June 2017

Introduction Recently, we wrote about the Hong Kong Board of Review (Tax Tribunal) Case X66, which case showed how important substance is within corporate tax structures. In the UK First-Tier Tribunal (Tax Chamber) Case Richard Lee and Nigel Bunter v HM Revenue & Customs, [2017] UKFTT 279 (TC), tax substance was also the main focus,… read more

Board of Review/Tax Tribunal Case X66 shows again how important proper substance is

21 June 2017

In Board of Review/Tax Tribunal Case X66, several appellants brought appeals to the Board of Review (“BoR”) under section 66 of the Hong Kong Inland Revenue Ordinance (“HK IRO”). For easy reading, Case X66 described below has been limited to one appellant only. Within Case X66, a company incorporated in Mainland China (“P Co”), manufactured… read more

The Multilateral Convention to implement BEPS in Hong Kong has been signed!

14 June 2017

Introduction On the 7th of June 2017, Mainland China on behalf of Hong Kong, signed the Multilateral Convention to Implement Tax Treaty Related Measures to prevent Base Erosion and Profit Shifting (the “MLI”). As Hong Kong is a Special Administrative Region of Mainland China and therefore not a State itself, the signing had to take… read more

ARE YOU READY for the Automatic Exchange of Financial Account Information per 1 January 2017 / 1 July 2017?

6 June 2017

Introduction Hong Kong is one of the more than 100 jurisdictions that will participate in the automatic exchange of financial account information (“AEOI”) for the purpose of enhancing tax transparency and fighting against cross-border tax evasion. Pursuant to the AEOI, certain information in relation to financial accounts held by individuals and entities with overseas financial… read more

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About Us

We all know that the duty to pay tax will always be there. As Hong Kong and Mainland China are emerging markets, sophisticated tax advice in Asia has become increasingly in demand.

Further, as a result of recent pressure from the Organisation for Economic Co-operation and Development (`OECD`), several jurisdictions, including Hong Kong and Mainland China, have decided that Exchange of Information should be part of their tax legal system.

HKWJ Tax Law & Partners Limited is here to assist you with finding the right tax solution for you personally and your companies by means of offering several tax services in Hong Kong and Mainland China. In addition, we are here to assist you with your accounting issues and process agent services.

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