End of Tax-Free Status for Immigrants in the UK: Property Owners, Take Note!
The UK recently announced its 2024 fiscal budget, revealing that starting from April 2025, the tax exemption for new immigrants will be abolished.
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【Overdue Tax Payment Penalties】The government has collected 445 million HKD in penalties, did you contribute to that?
The latest figures released by the Inland Revenue Department show that the number of cases where people were fined for late tax payments increased by 22% compared to the previous year.
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【Doing Business in the Greater Bay Area】How to successfully open a Bank Account in China?!
With the full clearance for travel between Mainland China and Hong Kong, the flow of people between the two regions has only increased. In Mainland China, going cashless has become the norm and many Hong Kong residents have opened bank accounts in Mainland China to make travel and spending more convenient.
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Will the Inland Revenue Department making mistakes?
Some customers reported that they had encountered suspected “miscounting” by the tax bureau in the past, but they could not appeal because they missed the objection deadline. The original tax payment is only $1,000 however as no objection is properly filled, the final tax payment is now risen to more than $10,000. “No one is perfect, we all make mistake.” It is not impossible for the tax bureau to “wrongly counting the tax payment”. If you have any doubts, don’t delay, deal with it before it is too late!
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【Tax Loan】Tax loan for starting a business or an investment?
Tax return, so called “green bomb”, is a nightmare for many people. It is never an easy or effective way to fill up and file a correct tax return. Base on the tax return you filed before, a Tax bills, so called “white envelope” will be received from September to October which is the ultimate Big Boss! The tax bills put pressure on wage earners who have not saved up the tax payment in advance. In order to solve the pressure, banks provide tax loans to relieve urgent needs. However, some people might use their loans for other purposes besides paying taxes. Nightmares are kept coming. Think twice before you act!
