Hong Kong SAR

The Hong Kong Inland Revenue Department (IRD) has opened a public consultation on proposed tax incentives for innovation‑driven enterprises that establish financial centres in Hong Kong. The consultation seeks input on eligibility criteria, qualifying activities, the scope and magnitude of the incentives, reporting requirements and the implementation timeline. It is aimed at enterprises, professional firms, […]

The Hong Kong Inland Revenue Department (IRD) issued a public advisory on 22 July 2026 warning residents about a spike in fraudulent e-mail messages that impersonate senior tax officials. The deceptive e-mails claim that the recipient owes outstanding taxes and must settle the amount immediately by clicking a link to download a tax bill. The

The Hong Kong Inland Revenue Department (IRD) released its Service Undertaking Report for the fiscal year 2025-26, outlining the department’s commitments to service delivery, performance targets, and citizen engagement. The report details enhancements in tax processing efficiency, reductions in filing wait times, and the deployment of new digital services such as e‑assessment portals and mobile

During a Legislative Council session, a question was raised regarding the regulation of charitable organisations in Hong Kong, focusing on oversight mechanisms and their tax implications. The inquiry highlighted the need for stricter compliance standards, enhanced transparency, and robust audit processes to safeguard donors’ interests and ensure that charitable funds are used appropriately. Officials explained

The Financial Secretary urged the Legislative Council to resume the second reading debate of the Stamp Duty (Amendment) (No.2) Bill 2026, emphasizing the urgency of finalising the legislative package to support Hong Kong’s economic objectives. He outlined the bill’s key provisions, including adjustments to stamp duty rates on property transactions, modifications to duty thresholds, and

During a Legislative Council session, the Financial Secretary delivered a speech proposing the third reading of the Stamp Duty (Amendment) (No.2) Bill 2026, focusing on the fiscal rationale behind the proposed changes. He explained that the amendments aim to refine the existing stamp duty structure, enhance equity, and deter speculative buying in the property market.

The Hong Kong Government issued a statement expressing welcome for the Legislative Council’s approval of the Stamp Duty (Amendment) (No.2) Bill 2026. The amendment modifies the territory’s stamp duty framework, primarily targeting property transactions and specific financial instruments to curb speculative activity and promote market stability. Key changes include adjustments to duty rates, the introduction

The Hong Kong Inland Revenue Department issued an alert urging taxpayers to remain vigilant against fraudulent emails that impersonate the bureau. The phishing campaign involves messages claiming to be official notices regarding ‘unpaid tax liabilities’ and demanding immediate submission of personal documents via embedded links. The emails often contain malicious attachments designed to install malware

The Inland Revenue Department (IRD) of Hong Kong has released a comprehensive guide outlining the tax responsibilities that both individual taxpayers and business operators must observe under the current tax regime. The document details the obligations to file annual tax returns within the stipulated deadlines, the requirement to maintain accurate records of income and expenses,