Hong Kong: Two-tiered profits tax rates regime to be implemented from 1st of April 2018

On 29 March 2018, the Hong Kong Government published the Inland Revenue (Amendment) (No. 3) Ordinance 2018, implementing a two-tiered profits tax rate regime to take effect on 1 April 2018, with the aim of establishing a favourable business environment, driving economic growth and enhancing Hong Kong’s competitiveness. Under the scheme:  The small and medium-sized enterprises (“SMEs”) will receive a boost from the Government


Hong Kong Court of Final Appeal affirming the Court of Appeal decision ruling in favor of same-sex expats to secure Dependant Visa

Until very recently, a ‘’spouse’’ was traditionally referred to as the lawfully married spouse or civil partner under a civil partnership lawfully entered into in a foreign country. Such definition of ‘’spouse’’ was confined to heterosexual couples only, thus excluding same-sex partners. However, a recent decision from the Court of Appeal tends to challenge this status quo and the traditional criteria used by the


Hong Kong: Global Forum on Transparency and Exchange of Information for Tax

Hong Kong (China) received an overall rating of Largely Compliant in its assessment against the international standard of exchange of information on request (EOIR) handled over the period from 1 October 2014 to 30 September 2017. Its legal framework is generally in line with the international standard, notably with recent improvements made on access to information and the extensive extension of its network of


Singaporeans and Permanent Residents working overseas – You might be taxed home! ​

The IRAS will remove the administrative tax concession for Singapore citizens (and Permanent Residents) working overseas which allowed them the choice of being treated as non-resident, from year of assessment 2021. As a result, all Singapore citizens or Permanent Residents working overseas will be regarded as tax resident. The implication is that income from overseas employment will be subject to Singapore income tax when