With 2020 being an unprecedented year, the HKSAR government has reacted promptly to implement various reliefs and measures to help businesses navigate through this tumultuous time. Further, Hong Kong’s regulatory environment and tax system have been refined with a view to diversify and revitalize the economy.
The key legislative measures enacted in 2020 include:
- A new registration regime for Limited Partnership Funds (LPFs);
- Concessionary tax regimes for qualifying ship lessors and qualifying ship leasing managers;
- A concessionary tax rate for certain general insurance businesses and certain insurance brokerage businesses.
If you want to know more about Hong Kong tax returns and where you can earn back by checking carefully, you’ll surely want to register for our BLCC event with Fidinam: Tax Declarations 2020.
On Wednesday 24 February 8:30 – 10:00am, join the Tax Web Talk and hear from tax experts Ms. Yan Hong and Ms. Anne de Roulhac for an informative session. Learn more about how to declare your 2020 income & profits. This webinar will focus on Profit Tax Return 2020, Employer’s Return 2020, and Salaries Tax return 2020.
Register for the event here (click).
For more details about HKgov tax policies, check out the Hong Kong Tax Review 2020 by PwC here (click).