Hong Kong is one of the more than 100 jurisdictions that will participate in the automatic exchange of financial account information (“AEOI”)/implement the Common Reporting Standard (“CRS”) for the purpose of enhancing tax transparency and fighting against cross-border tax evasion.
Corporations should review how the new FSIE regime will impact their tax liability of their passive income and whether any actions should be taken.
A power of attorney can be used for business and financial purposes to handle matters remotely by a professional. Additionally, it allows individuals to ensure their assets and personal affairs are properly handles when losing mental capacity
Employer’s Returns are issued to companies/organisations for reporting the remuneration paid/accrued by the companies/organisations to their directors and employees, if any, during each year ended 31 March.
