The Organisation of Economic Cooperation and Development (“OECD”) is currently working on a new digital taxation proposal to further address the Base Erosion and Profits Shifting (“BEPS”) project, which is also commonly known as “BEPS 2.0”. BEPS 2.0 has two components, namely Pillar One and Pillar Two. Pillar Two (i.e. the imposition of a global […]
HKWJ Tax Law & Partners Limited offers a tax health check to all its new potential clients. Upon engaging us, we will set-out in a memo, which is based on the information you provide to us about yourself or your company, the potential tax issues you or your company will be facing and the potential […]
Many businesses and entrepreneurs have become fully aware that since the last couple of years, it has become rather difficult either to maintain & keep their Hong Kong corporate bank account open and alive or even simply to apply for a Hong Kong corporate bank account. Despite providing the banks with the requested information or […]
On 25 November 2020, the Chief Executive, Mrs Carrie Lam, announced in her Policy Address to abolish the Doubled Ad Valorem Stamp Duty (“DSD”) on non-residential property transactions with effect from 26 November 2020. Accordingly, any chargeable instruments on commercial property market transactions executed on or after 26 November 2020 will be subject to Stamp […]
