HKWJ Tax Law

30/04/2026

【Business Relocation】Deciding between Hong Kong and Singapore for your next business move? 🏢 We break down the pros, cons, and tax differences of Asia’s top financial hubs to help you make the best choice.

Comparing Hong Kong and Singapore for your business relocation? Here's an honest breakdown of tax, costs, banking, and which jurisdiction fits your needs.

23/04/2026

【Don't miss out on the tax savings！】Buying new laptops, software, or office furniture for your HK startup? 💻🏢

, while you can't deduct these costs directly, you can use depreciation allowances to significantly lower your Profits Tax bill.

Find out what qualifies and how to claim it here: https://www.hkwj-taxlaw.hk/depreciation-allowance/

Tax depreciation allowances for the expenditure of fixed assets are available to Hong Kong taxpayers subject to profits tax. It is normally granted

15/04/2026

【Profits Tax Hong Kong】Feeling stressed about your business taxes? You’re not alone. But you might be paying more than you have to.

Hong Kong actually cuts your tax rate in half for your first HKD 2 million in profit. Just 8.25% for companies. Huge savings.

The catch? If you control multiple businesses, you only get this massive discount on one of them. The rest pay full price.

, choose wisely. Hit the link below to see exactly how it works! 👇

A main feature of the Hong Kong has system has been introduced. It is a tax incentive called the two-tiered profits tax rates. The two-tiered profits tax

08/04/2026

【Employer’s Return Focus – Avoid Common Mistakes】Filing Employer's Returns (IR56B) isn't just about copying over base salaries. The IRD requires strict accuracy, and simple oversights can lead to unwanted queries or penalties.

❌ Mistake 1: Mishandling Special Benefits
Housing allowances, share options, and severance payments require extra attention. They must be accurately reported.

❌ Mistake 2: Leaving out "Tax-Exempt" Income
Even if your employee intends to claim their income as tax-exempt under salaries tax, you MUST still report the remuneration. The IRD decides whether exemptions apply, not the employer!

❌ Mistake 3: Mismatched Figures with Audited Accounts
The IRD cross-checks the figures on your IR56B forms with your company's audited financial statements. If there are discrepancies, expect questions from the tax authority.

Don't risk IRD penalties this tax season. We've put together a complete, easy-to-understand guide on everything you need to know about preparing and submitting your BIR56A and IR56B forms.

📖 Read our full guide here to ensure your company stays 100% compliant: https://www.hkwj-taxlaw.hk/ir56b-and-bir56a-form-employers-return/

Employer's Return forms, commonly recognised as the BIR56A form and IR56B forms in Hong Kong, are a key tax compliance requirement for companies. These

02/04/2026

It’s April! 🗓️ The Inland Revenue Department (IRD) has officially issued the 2025/26 Profits Tax Returns and Employer's Returns. You typically have exactly one month to file your Employer's Returns. Are your payroll records and audit reports ready? If you're feeling overwhelmed, our team is here to ensure you stay compliant and penalty-free. Drop us a message to get started! 😉

17/02/2026

Wishing you a prosperous 2026!

12/01/2026

Moving abroad is stressful enough—don't let paperwork hold you back! ✈️🌍

Whether you’re heading to the UK, the US, or beyond, your HK birth, marriage, or death certificates likely need an Apostille to be legally recognized. But where do you start? What’s the timeline? And which department do you actually visit?

Read the full guide here:
https://www.hkwj-taxlaw.hk/apostille-guide-for-hk-birth-marriage-and-death-certificates/

This guide outlines who needs an apostille, how to apply in Hong Kong, required documents, processing times, and common errors to avoid for Hong Kong Birth, Marriage, and Death Certificates. It is intended for individuals using these civil status documents for immigration, marriage registration, inh...

24/12/2025

Season’s Greetings from the entire team at HKWJ Tax Law & Partners and Triple Eight! We are incredibly grateful for your trust and support over the past year. Wishing you a wonderful festive break and a prosperous 2026! ☺️

09/11/2025

About planning for family wealth (offices).

I attended STEP Asia Conference 2025 this week, a 2 day program focussed on the governing and estate (tax) planning of wealthy families. Some statements/comments that caught my attention during the seminars were:

-no plan is still a plan. This refers to the fact that even if you have not planned out your own Will/ estate plan, by law the ‘default’ still results into a plan, whether you like it or not;

-consider splitting your family wealth between the different childeren, especially when they live in different jurisdictions, as the direction of geopolitics you never can predict;

-whenever one structures family wealth a) talk to everyone in the family including the spouse and children to make sure everyone is ‘on board’ and b) do not think that you as a professional can do it all by yourself: get a team of advisers such as private bankers, independent financial advisers and wealth managers, multi-family offices, trust companies, legal (tax) and consultants all together;

-when challenged as a trustee in court, make sure to be prepared for the unprepared in a cross-examination;

-as a family, you should build up a strong reputation. No reputation can be problematic when challenged by the other side whose sole purpose is to ‘ruin’ your reputation and therefore your business;

-many trust disputes take place in open court nowadays, which is often not preferred by families. Therefore, choose your trust jurisdiction wisely, especially when many trust jurisdictions have similar benefits;

-the older the settlor becomes, the more important it is to check his/her mental capacity. For this reason, some in-depth mental tests, carried out by a medical doctor, is recommended in order to exclude for example Alzheimer that could have ‘influenced’ ones’ mind; and

-last but not least: ‘the world is dying, and the new one is struggling to be born: now is the time of monsters’ as quoted by Antonio Gramsci. In other words, we live now in a time that there is the rise of authoritarian or extremist political forces and figures that benefit in times of social and political chaos. Therefore, as wealth planners, we need to stay focust and consider all geopolitical risks.

Questions? Feel free to reach to us at [email protected]

04/11/2025