Getting Your Trademark Registered Protects Valuable Assets in the Long Run Running a business without registering it is illegal. Hence, just as important, a registered company should also have a unique trademark that sets it apart from its competitors. A trademark should be registered as it will be identified to the goods provided by the business. Without […]
Company Registration, Business Registration, and trademark registration in Hong Kong are three very different categories, each with their own role and purpose to play. Each of the three registration types is regulated by a different set of laws. The registration of each category is also administered by different departments in the government. Company Registration, Business Registration […]
When registering a company name or trademark registration, it is important to understand that the two are not the same and separate regulations govern them respectively. In the Hong Kong Special Administrative Region, company names are registered at the Companies Registry whereas business names are registered at the Business Registration Office (Inland Revenue Department). On the other hand, trademarks are registered at […]
Compensation for Business Owners in Hong Kong: Director Fees, Dividends, and Salaries As a business owner in Hong Kong, one of the most critical financial decisions you will make is how to compensate yourself. Whether you choose to pay yourself through a salary, director’s fees, dividends, or loans, each option has distinct implications for your […]
With the growing number of startups in Hong Kong in recent years, many companies inevitably face challenges when filing their first tax return, including how to correctly claim tax benefits and deductions. In April, small and medium-sized enterprises (SMEs) receive profit tax returns from the tax authorities. From July to August, the peak tax filing […]
In Hong Kong, taxpayers can e-file their annual tax returns with the Inland Revenue Department (IRD). Personal tax is sometimes referred to as salary tax and is directed at individual taxpayers. Tax Rates in Hong Kong Hong Kong’s personal tax rates follow a progressive tax rate system and have five tax brackets of 2%, 6%, 10% and 14% […]
In Hong Kong, expenses incurred for producing profits chargeable to tax and that are not capital in nature are generally categorised as the tax-deductible expenses. There are special rules for deduction of certain expenses (for example, interest expenses) and special tax relief is available for certain capital expenditure for Hong Kong Company. Tax Deductible Expenses for […]
Tax-deductible expenses are a strategic tool for businesses to reduce their tax burden when calculating taxable amounts. Understanding the core principles and specifics of these expenses is vital for companies to effectively lower operational costs. This article explores the tax regulations governing tax-deductible expenses and provides practical guidance on applying these principles to your company’s […]
In Hong Kong, corporate income tax (profit tax) is levied under the Inland Revenue Ordinance (Cap. 112). When a company incurs losses during a tax year, these losses may be treated and declared under specific provisions. This article provides a detailed explanation of how corporate losses are treated and the relevant provisions of the Inland […]
Hong Kong is not only an international financial hub that welcomes global investors but is also one of the business-friendly cities in the world. In order to support start-ups and SMEs, the Hong Kong government has mapped out a number of programmes providing funding support for businesses in the country. These include the following funding […]