Tax evasion can lead to severe consequences, so it is important to understand tax evasion and how to be compliant with tax laws.
The Hong Kong government plans to introduce a new tax scheme called the Tax Certainty Enhancement Scheme (“the Enhancement Scheme”), to enhance Hong Kong’s attractiveness as an international investment and business hub.
In this article, we will go into tax field audits on companies and individuals in Hong Kong and how to navigate through them.
One of the most disputed areas is regarding source or taxability of income and offshore claims.
