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Recently, we have received calls from customers asking questions about freight forwarding. Based on this, we have listed the following questions to sort out how a business is taxed...
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Q: Is individual income applicable to lottery income? A: According to the 6th Article in the Individual Income Tax Law, IIT is applicable to following cases: occasional income, ...
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Q: Is that necessary that the limited company handle the procedure of capital verification? A: Yes, the company registration authority will require the report of capital verific...
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There are two ways you can take deductions on your federal income tax return: you can itemize deductions or use the standard deduction. Deductions reduce the amount of your taxable...
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Q: Why I received the Form 1099-INT? A: You should receive Copy B of Form 1099-INT or Form 1099-OID reporting payments of interest and/or tax-exempt interest of $10 or more. You...
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In order to boost the people's livelihood work such as returning to work and reaching production capacity, the Municipal Bureau of Human Resources and social security has implement...
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Q: For the passenger transportation expenses that a company paid for non-employees (such as clients, specialists invited to give lessons and other personnel that have business rela...
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Q: What is the initial duration of stay of a person permitted to work in Hong Kong under the Investment as Entrepreneurs scheme? A: The person who is successfully permitted to w...
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Taxpayers who have financial difficulties in settling their tax bills on time may apply to the Hong Kong Inland Revenue Department (“IRD”) for payment of tax by instalments. The ...
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Q: When can a foreign company prepare its financial statements in accordance with the requirements of the place that it is incorporated? A: If the law of the place of incorporat...