Corporate Tax in Hong Kong
-
Upload
law-firm-in-hong-kong -
Category
Business
-
view
82 -
download
0
Transcript of Corporate Tax in Hong Kong
![Page 1: Corporate Tax in Hong Kong](https://reader030.fdocuments.net/reader030/viewer/2022032711/58ce854b1a28ab210a8b6737/html5/thumbnails/1.jpg)
Corporate Tax in Hong KongA presentation brought to you by OpenCompanyHongKong.com
1
![Page 2: Corporate Tax in Hong Kong](https://reader030.fdocuments.net/reader030/viewer/2022032711/58ce854b1a28ab210a8b6737/html5/thumbnails/2.jpg)
2
Corporate Taxation in Hong Kong
• Hong Kong has an advantageous taxation regime with a low affective corporate income tax.
• The tax advantages are one of the main reasons why investors choose to set-up a company in this Asian business hub.
![Page 3: Corporate Tax in Hong Kong](https://reader030.fdocuments.net/reader030/viewer/2022032711/58ce854b1a28ab210a8b6737/html5/thumbnails/3.jpg)
3
Business Taxation in Hong Kong
• Hong Kong has a territorial tax system and the taxes apply to the profits that arise from or are derived from business activities conducted in the city.
• Profits derived by a Hong Kong company are subject to the profits tax/the corporate income tax.
![Page 4: Corporate Tax in Hong Kong](https://reader030.fdocuments.net/reader030/viewer/2022032711/58ce854b1a28ab210a8b6737/html5/thumbnails/4.jpg)
4
Corporate Income Tax Rate in Hong Kong
• Hong Kong has a low corporate income tax rate at 16.5% for companies and 15% for unincorporated businesses.
• The branch tax rate has the same value in Hong Kong.
![Page 5: Corporate Tax in Hong Kong](https://reader030.fdocuments.net/reader030/viewer/2022032711/58ce854b1a28ab210a8b6737/html5/thumbnails/5.jpg)
5
Other Taxes on Companies in Hong Kong
• The low taxation regime also means that companies in Hong Kong are exempt from certain taxes.
• There are no withholding taxes on dividends, interest or branch remittance.
![Page 6: Corporate Tax in Hong Kong](https://reader030.fdocuments.net/reader030/viewer/2022032711/58ce854b1a28ab210a8b6737/html5/thumbnails/6.jpg)
6
Tax Compliance for Companies in Hong Kong >>
• Hong Kong companies are subject to annual reporting requirements, apart from fulfilling their obligations to pay the corporate tax. The tax year starts on April 1 and ends on March 31.
• Our company registration agents in Hong Kong can also give you details regarding the accounting requirements.
![Page 7: Corporate Tax in Hong Kong](https://reader030.fdocuments.net/reader030/viewer/2022032711/58ce854b1a28ab210a8b6737/html5/thumbnails/7.jpg)
7
>> Tax Compliance for Companies in Hong Kong
• Taxation is based on residence in Hong Kong. A legal entity is a resident if it is incorporated in Hong Kong or managed/controlled from the city.
• Foreign companies in Hong Kong can be subject to different taxation rules.
![Page 8: Corporate Tax in Hong Kong](https://reader030.fdocuments.net/reader030/viewer/2022032711/58ce854b1a28ab210a8b6737/html5/thumbnails/8.jpg)
8
Indirect Taxes in Hong Kong
• The indirect taxes in Hong Kong include the real estate tax for property owners, the stamp duty tax or the capital tax.
• Hong Kong does not impose a Value Added Tax.
![Page 9: Corporate Tax in Hong Kong](https://reader030.fdocuments.net/reader030/viewer/2022032711/58ce854b1a28ab210a8b6737/html5/thumbnails/9.jpg)
9
The Taxation of Foreign Companies in Hong Kong
• Depending on their country of origin, foreign companies in Hong Kong can be subject to preferential withholding tax rates under the double tax treaties.
• Hong Kong has concluded many such agreements, including with China, Singapore, France, Switzerland, the United Kingdom or Canada.
![Page 10: Corporate Tax in Hong Kong](https://reader030.fdocuments.net/reader030/viewer/2022032711/58ce854b1a28ab210a8b6737/html5/thumbnails/10.jpg)
10
Investing in Hong Kong
• Our company incorporation representatives in Hong Kong can help you with tax advice and tax planning in Hong Kong.
• You can contact us for more information on taxation and how to open a Hong Kong company.
![Page 11: Corporate Tax in Hong Kong](https://reader030.fdocuments.net/reader030/viewer/2022032711/58ce854b1a28ab210a8b6737/html5/thumbnails/11.jpg)
Thank You for Your Attention!
For more information please contact us at:
+ 852 8191 3385
http://www.opencompanyhongkong.com 11