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What is Real-Name Registration Programme? The Telecommunications (Registration of SIM Cards) Regulation (the “Regulation”) effected on 23rd February 2023. The Regulation requires that, users should complete real-name register with their telecommunications service providers. What happens if you fail to register? If you fail to complete Real-Name Registration, then your mobile phone is unable to use. …
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The profits tax filing season sent with the bulk issuance of the 2023/23 profit tax returns on 3rd April 2023. Dates for filing the 2022/23 Profit Tax Returns If you would like for extension for tax filing, you have to send your application within 1 month from the date of issue. The extended due dates …
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What is BUD FUND? Hong Kong Government set up a “Dedicated Fund on Branding, Upgrading and Domestic Sales” (“the BUD Fund”) in June 2012. The purposes are assisting enterprises in exploring and developing the market via: The Government extended the geographical coverage of the BUD Fund in August 2018 to also include the Association of Southeast …
What’s New? Starting from 28th April 2023, the Companies (Amendment) Ordinance 2023 (the “Amendment Ordinance”) came into operation in Hong Kong. The Companies Registry (CR)accepts holding an annual general meeting (AGM) or general meeting (GM) in virtual methods. members of Hong Kong Companies will no longer need to show up in person to attend the …
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To enhance protection of sensitive personal information, while keeping up the transparency and usefulness of the Register. The Companies Ordinance (Cap. 622) is carrying out in 3 phrases from August 2021 through end of 2023. Only Specified person can access the protected information. Where are we now? The Registry of Hong Kong is now preparing …
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The Inland Revenue Department (IRD) on 1st April 2022 issued about 220,000 IR56 forms, 120,000 property tax returns and 300,000 employer’s returns for the year of assessment 2021-22. Thereafter, about 2.48 million tax returns for individuals will be issued on June 1. Don’t forget to file your IR56 forms Hong Kong Taxpayers have to file …
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Hong Kong Local registered companies must comply with the requirements of the Companies Ordinance (Chapter 622, Law of Hong Kong). And deliver statutory returns to the Registrar of Companies within prescribed time periods including: What you have to do? Business registration and its renewal are statutory requirements under the Business Registration (Chapter 310 of the …
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Even though you are the sole owner of your business, if you need to make an amendment on your company bank account. You still have to go through a series of procedure with your bank. The reasons you need to amend your company bank account probably there is a change as below: How to arrange …
Donations to tax-exempt charities or to Government for charitable proposes is tax deductible. The amount can deduct from your net assessable income or assessable profits. Thus, a qualified donations is tax deductible for both an individual or a company. Eligibility for Deduction You may claim a deduction for a donation of money to any approved …
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Previously, Centre O talked about what is stamp duty and how to submit the stamp duty. In this blog, Centre O is going to talk about the duty rates, penalty and show you how to calculate the stamp duty. Duty Rates Stamp duty on tenancy agreements is calculated at rates. And the rate is vary …
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