On 26 February 2025, Hong Kong’s Financial Secretary announced the Budget for the fiscal year 2025-26, outlining economic forecasts, tax policies, and support measures aimed at strengthening the city’s economy. Economic Outlook Despite a complicated and changing environment, Hong Kong’s economy grew by 2.5% in 2024. Employment remained stable, inflation was moderate, and the city […]
Taxation is a part of life, but how it is applied can vary significantly from one jurisdiction to another. Hong Kong, with its relatively low, simple and straightforward tax structure, stands out as a preferred location for businesses and individuals alike. In this article, we’ll explore what taxation is, its role in society, and why […]
While tax avoidance is lawful, crossing the line into tax evasion can lead to serious penalties.
On 16 October 2024, the Chief Executive of Hong Kong, Mr. John Lee, delivered his third Policy Address speech, with the theme ‘Reform for Enhancing Development and Building Our Future Together’.
