Explainer | From salaries to side gigs and audits: how to navigate Hong Kong’s tax system

Explainer | From salaries to side gigs and audits: how to navigate Hong Kong’s tax system

The tax filing season in Hong Kong is in full swing, with June 2 marking the deadline for most individuals. Tax audits have come under scrutiny recently after at least 20 journalists raised concerns about “unreasonable” reviews targeting them and their families. The Inland Revenue Department (IRD) Commissioner dismissed these claims, stressing that assessment procedures…

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What That Means for Future Tax Refunds

What That Means for Future Tax Refunds

/ SplashNews.com / / SplashNews.com If President-electDonald Trump is able to appoint billionaire Elon Musk and former Republican presidential candidate Vivek Ramaswamy to oversee a Department of Government Efficiency (actually a nongovernment advisory group), one of Musk’s stated interests (which aligns with Trump’s) is to simplify the tax code. Find Out: 7 Tax Loopholes the…

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