THE BUSINESS REGISTRATION ORDINANCE HIGHLIGHT

According Business Registration Ordinance (Chapter 310, Laws of Hong Kong). Every business owner in Hong Kong should ensure compliance with the requirements of the Business Registration Ordinance. Please find the highlight as following: Section 7(2) requires every business owner to notify the Commissioner of Inland Revenue (Commissioner). If the business owner does not receive the …

UPDATED HONG KONG COVID-19 RULES FROM 21 APRIL 2022

Hong Kong will begin relaxing its “Most Stringent” set of social distancing restrictions on 21st April 2022. Food and Health secretary Sophia Chan announced that the following measures will be in place on 21st April. Restaurants can resume evening dine-in services until 10 p.m. with a maximum of 4 people per table. Banquets with a …

VALUE-ADDED TAX EXEMPTED IN CHINA

The Ministry of Finance and the State Taxation Bureau issued a joint announcement (No. 15 [2022]). China is extending the value‑added tax (VAT) exemption policy for small‑scale taxpayers and small business firms. The exemption has started since April 2021 due to the Covid-19 pandemic, slow down of business activities across within China and cross-boarder businesses. …

ANNUAL RETURN FILING FOR HONG KONG LIMITED COMPANIES

All local companies incorporated in Hong Kong needs to file an annual return. In order to facilitate the completion of NAR1, key particulars of the company are filed. Whereas this happen at the anniversary date of the annual return as registered and kept by the Companies Registry will be provided. The Hong Kong Limited Company Secretary …

2022 TAX RETURN FILING FOR A COMPANY AND AN INDIVIDUAL

Inland Revenue Department (IRD) of Hong Kong has published a schedule for a company and Individual Tax Return Filing for 2022. The bulk issue of Profit Tax Returns and Individual Tax Returns will be sent on 1st April and 1st June respectively. Thus, your green envelop is coming in early April and June as well. …

EMPLOYMENT AGENCIES’ ANTI-EPIDEMIC FUND

Subsidy Scheme for Employment Agencies with valid licence The novel coronavirus epidemic has brought exceptional challenges to Hong Kong. The Hong Kong Government has responded to the needs of the Employment Agencies in an unprecedented manner. Hence, the Labour Department launched the Subsidy Scheme for Employment Agencies under the 6th Round of Anti-epidemic Fund One-off …

2022-2023 HONG KONG BUDGET HIGHLIGHTS

Hong Kong’s finance chief on 22th February, 2022 unveiled a costly HK$170 billion ($21.79 billion) budget. Including tax breaks and consumer spending vouchers, as the city reels under its worst coronavirus outbreak to date. The budget will direct more resources to relieve people’s hardship and provide SMEs with some breathing space so as to stabilize …

Hong Kong Investment Visa (Entrepreneur Visa) – 3

How to make your Hong Kong Investment Visa application more favourable to the Immigration Officers? Hong Kong welcomes the overseas entrepreneurs as the act is contributing to the city. Definitely, you will be the more favourable Hong Kong Investment Visa applicant if you are a potential contributor. In fact, the actual potential contribution can be …

LOCKDOWN IN DONGGUAN OFFICE 2022

Life is so challenging Lockdown and Quarantine both words seem the vocabularies from dictionary and never been alive. Since the outbreak of COVID-19 in 2020, many cities have imposed the stringent epidemic control measures: Lockdown means suspend all the activities in a city and people have to stay at their homes. While quarantine mean people …