there are different tax deductions and allowances available under the Hong Kong tax regimes and the availability of them depends on the circumstances of the taxpayer.
On 28 February 2024, the Financial Secretary of Hong Kong announced the Budget for the fiscal year 2024-25 with the theme ‘Advance with Confidence, Seize Opportunities, Strive for High-quality Development’.
Stamp duty costs are significant under certain situations, in particular involving acquisition and transfer of immovable properties and shares of high value.
Tax planning is relevant for individuals and companies alike who wish to mitigate tax liabilities as well as plan ahead for the payment of those. Such planning is also part of tax management and it is a key facet of estate planning. It is important to be aware that proper tax planning is beneficial to […]
