Since the 2019/20 fiscal year, the government has introduced arrangements for the tax deduction of “qualified annuity premiums,” making it one of the “best use of tax deductions.”
As the tax season approaches, everyone is concerned about how to save on taxes. As a businessperson, you want to earn as much as possible while also saving as much as possible.
As a doctor, diagnosing and performing surgeries may be easy, but managing the clinic’s finances can be overwhelming.
Since the beginning of 2023, Japan, Thailand, and other countries have relaxed their entry restrictions, leading to a surge in Hong Kong residents traveling abroad due to herd mentality.They flocked to Japan for shopping and indulged in hot springs.
According to the recent regulations announced by the Tax Department, starting from April 1, 2023, Hong Kong registered limited companies are required to submit audited financial statements and supporting documents when filing their profits tax returns.
Buying a property involves significant expenses. Instead of hoping for interest rate cuts day and night, it is more practical to make good use of the “deduction for home loan interest”.
Being savvy in business means not only knowing how to earn but also how to save. Understanding tax deductions is an important topic.
The sea of knowledge is boundless, and pursuing further education while working can help advance your career. Seize the opportunity for self-improvement. Starting from the 2017/18 tax year, the maximum deduction for personal education expenses has increased to $100,000.
Being a homeowner can be challenging, as you not only have to save up for the down payment but also manage mortgage payments and various other expenses.
Starting from April 1, 2023, the Hong Kong Customs will implement the “Registration System for Precious Metal and Gemstone Traders” to strengthen control over money laundering and terrorist financing.
