Just another WordPress site
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 …
Continue reading “SPECIFIED PERSONS FOR OBTAINING PROTECTED INFORMATION”
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 …
Continue reading “IR56 FORMS DEADLINE EXTENDED TO 1 JUNE 2022”
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 …
Continue reading “COMPANIES ORDINANCE AND BUSINESS REGISTRATION ORDINANCE HIGHLIGHTS”
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 …
Continue reading “CAN DONATIONS BE TAX DEDUCTIBLE IN HONG KONG?”
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 …
Continue reading “Hong Kong Stamp Duty – Stamping of Tenancy Agreement (2)”
Hong Kong is famous for easy and straight forward rule and tax policy. So Hong Kong can attract investment from worldwide entrepreneurs and startups. No matter how easy or simple regulations, you might miss or confuse with the mandatory submission. Centre O is going to go-thru 3 forms: Annual Returns NAR1, Employer’s Returns & Profit …
Hong Kong is back to the world platform. Hong Kong is still serving as an internationally recognised commercial and business hub. Also, Hong Kong government encourages new business establishments. It attracts a huge number of professionals and talents around. In other words, Hong Kong is a perfect place to set up an employment agency (EA). …
Continue reading “ULTIMATE GUIDE TO SET UP A HONG KONG EMPLOYMENT AGENCY”
In general, “Travel Agency” means a company that arrange and organise services related to transportation & accommodations. In fact, travel agencies can provide far more services to customers than ticketing and hotels reservation. If you want to start a travel agencies business , you will need to apply for a Travel Agent’s license and Business …
Continue reading “HONG KONG: ULTIMATE GUIDE TO SET UP A TRAVEL AGENCY”
What is a Certified True Copy? When a document is examined, checked and certified by official bodies like the CPAs, Lawyers or the Court, this document is then be Certified as aTrue Copy. While certified true copies are used to show that there has been no interference, and no changes made, when copying an important …