Synergies
Ambition
Relationship
Hong Kong companies are required to obtain and maintain up-to-date beneficial ownership information through keeping a SCR with effective from 1 March 2018 for internal records and inspection by law enforcement officers upon demand.
An arrangement between the Mainland and Hong Kong for conducting automatic exchange of financial account information in tax matters ("AEOI") came into effect on 6th September 2018.
The profits tax rate for the first HKD 2 million of profits of corporations will be lowered to 8.25%.
Hong Kong Financial Secretary has rightly handed out an array of one-off relief measures totaling HKD 51.6 billion.