Zetland Tax
Hong Kong's tax system is simple and straightforward, with a low tax rate and various incentives for businesses and individuals. However, navigating the tax landscape can still be a challenge, especially for those unfamiliar with the local laws a...
Accurate and transparent financial reporting is essential for businesses operating in Hong Kong. Understanding and adhering to the local accounting standards is crucial to ensure compliance and provide stakeholders with reliable information. Let's...
The new Economic Crime (Transparency and Enforcement) Bill was passed by Parliament in March 2022 and the new Register of Overseas entities is enforced and and held by UK Companies House. This is to ensure that the disclosure requirements for both ...
Pursuant to the HKSAR Government’s press release issued on October 5, 2021, Hong Kong has committed to amending its tax law by the end of year 2022 with new regulations taking effect on 1 January 2023, with no grandfathering arrangements.In its pre...
In general, eligible individuals will get their Stimulus Payments (also known as Economic Impact Payments) automatically and won’t need to take additional action. The IRS uses available information to determine the eligibility and issue the payment...
In general, moving overseas to work or live has become a norm as the world globalises. We have noticed recently that an increasing number of native Hong Kong persons holding a BN (O) passport planning to migrate overseas for a better quality of life...
April, 2021Author: Lily ChowA couple of HMRC enquiries (aka latest nudge campaigns) were issued to our clients to clarify their UK tax position. The targets of the campaigns include two specific categories of individuals: those whom HMRC consider ...
January, 2021Author: Lily ChowA limited company incorporated in Hong Kong must comply with several duties annually, namely accounting, auditing, tax filing, annual return and renewal of employer’s return and business registration certificate to mai...
November, 2020Author: Lily ChowAny US tax obligations for purchasing/selling US real property for non-resident property owners?Foreign individuals and corporations are free to purchase or sell residential or commercial real properties in the United S...
September, 2020Author: Kevin LeiThe UK has a highly evolved system of taxation and planning helps to limit exposure and protect wealth. Two issues in particular should be considered before any move to the UK.Clean CapitalAny income or gains which hav...
Author: Lily Chow Our clients have recently raised queries on the Economic Impact Payment (EIP) pursuant to the COVID-19 relief issued by the IRS, such as: - Am I eligible for the economic impact payment? - &nbs...
Many investors or businessmen are interested in investing in Hong Kong or have already set up limited liability companies in Hong Kong. Most have one question on their mind: ‘How do I pay less tax?’ Do I need to pay tax immediately after filing ...
