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Category: Insights

Phase 3 of Hong Kong’s New Inspection Regime Comes into Operation

On 27 December 2023, Hong Kong implemented the third phase of the New Inspection Regime under the Companies Ordinance (Cap. 622), allowing directors, company secretaries, and other relevant parties to request the withholding of their personal information from public view. The regime, introduced in three phases between August 2021 and December 2023, addresses concerns about safeguarding sensitive personal data in public registers. While maintaining transparency, it shields information like residential addresses and identification numbers of company officers from public access. The full article provides an overview of all phases and details the application process for protecting personal information.

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Hong Kong’s Foreign-Sourced Income Exemption Regime: New Draft Legislation Expands Scope to Include Asset Disposal Gains

On 13 October 2023, the Inland Revenue (Amendment) (Taxation on Foreign-sourced Disposal Gains) Bill 2023 was gazetted to further refine the foreign-sourced income exemption (“FSIE”) regime, expanding the scope of disposal gains to include gains derived from the disposal of all kinds of assets, including movable and immovable property. Subject to the approval by the Legislative Council, the refined FSIE regime is expected to come into force on 1 January 2024.

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a professional theme with elements representing Hong Kong's business and legal environment

Hong Kong Introduces Bill on Tax Certainty Enhancement Scheme for Onshore Equity Disposal Gains

On 20 October 2023, the Inland Revenue (Amendment) (Disposal Gain by Holder of Qualifying Equity Interests) Bill 2023 (“Bill”) was published. It was introduced in Hong Kong’s Legislative Council on 1 November. The Bill introduces a tax certainty enhancement scheme for onshore equity disposal gains. This article below will delve into the key features of the new tax certainty enhancement scheme as detailed in the Bill.  

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Guangdong-Macao In-depth Cooperation Zone in Hengqin, Zhuhai

Guangdong-Macao In-depth Cooperation Zone in Hengqin, Zhuhai

The Guangdong-Macao In-depth Cooperation Zone in Hengqin, Zhuhai, is a significant development area aimed at supporting the growth and economic diversification of Zhuhai. It is part of the regional development plan for the Greater Bay Area of China. Hengqin Island, the largest island of Zhuhai situated next to Macao, has been a focal point for development efforts. In this article, we explore the economic potential of Zhuhai and highlight the advantageous industries and preferential tax policies within the Cooperation Zone in Hengqin.

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How to Lead a Scale-Up Team

Leading a scale-up team requires a different skillset. Having the right leadership competencies forms one of the foundational pillars of a successful scale-up. This guide seeks to provide some useful tips on leading a scale-up.

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Essential Tips for Scaling Your Business

Scale-ups are dubbed “powerhouses of productivity”. Scalability refers to a company’s capacity to grow and cope with increased output while, simultaneously, keeping costs more or less at the same level. This guide seeks to provide some helpful pointers to help you scale your business.

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The future of audit: How technology is changing the landscape of audit and assurance services

With more sources of data input that go beyond the limits of historical data coming into play, the nature of the audit process will undergo a transformation: from an essentially reactive exercise delivered in hindsight into an increasingly forward-oriented and anticipatory endeavour. In this article, we discuss different ways technology is reshaping the landscape of audit and the concomitant risks.

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