Tax (new) - GCC Consulting

Hong Kong is an international business centre that has a low, simple and competitive tax regime. Corporations and individuals can enjoy number of advantages when choosing Hong Kong as their destination for businesses and for work:

Low rate of taxation for individuals and corporates;
There are only three direct taxes, which are profit tax, salaries tax and property tax
No capital gains tax, no withholding tax, no capital gain tax, no tax on dividends and no estate tax; and
HK taxation only apples to income arising in or derived from Hong Kong (offshore income provides possible eligibility to make an “offshore claim”).

Our team can provide the following tax advisory and compliance services:

Preparation of tax returns: it is required to complete tax return annually. For individuals, it is required to complete individual’s tax return and/or property tax return. For corporations and employers, it is required to complete profit’s tax return and employer’s tax return.;
Appeals and disputes: it includes (i) offshore claims for companies whose has income deriving from offshore; (ii) handling objections against disputed assessments and holdover claims of provisional tax, and (iii) Negotiating with the IRD for tax investigation and tax field audit cases; and
Tax planning – (i) formulating tax strategies on investment planning, group restructuring, mergers and acquisitions and pre-Initial Public Offering, (ii) matters in respect of transfer pricing that can satisfy Hong Kong requirements and group standard for efficient administration; and (iii) tax health check on existing operations from tax compliance perspective.

With increasing cross-border business activities, it is necessary to take international taxation into consideration when doing business. We provide the following services:

Advising on PRC regulatory, accounting, tax and business matters relating to foreign investment into the PRC; Health check on existing operations from PRC tax and regulatory compliance perspective; Tax return filing services for PRC Corporate Income Tax, Turnover Tax and other PRC business related formalities; and Personal Income Tax advisory and filing services; and
Advising on U.S. regulatory, accounting, tax and business consideration in relation to foreign investment into the U.S.; U.S. Corporate Income Tax advisory and filing services; and U.S. Individual Income Tax advisory and filing services.