Transfer pricing and foreign withholding tax are generally the two most important tax considerations when making outbound investments and engaging in cross-border business. While the new Hong Kong transfer pricing law has been covered in August 2020 (click here), Cheng & Cheng Taxation Services Limited (“Cheng & Cheng’s Taxation”) will further reveal how a Hong Kong company can help multinational

Cheng & Cheng’s Taxation Reveals How Hong Kong Can Help Avoid Double Taxation in Cross-Border Business

Given Hong Kong’s increasing network of Double Taxation Agreements/Arrangement (DTAs), obtaining a Certificate of Resident Status (CoR) in Hong Kong in order to utilise the tax benefits under a DTA has become an important part of tax planning for multinational corporations and Chinese enterprises. Meanwhile, the Inland Revenue Department (IRD) of The Government of the HKSAR is taking a stricter

What you need to know before applying for a Certificate of Resident Status in Hong Kong