WEBINAR

FREE WEBINAR:

Important Tax considerations in Transactions across Mainland China – Hong Kong - India

Highlights

- Options for corporate structure

- Profit repatriation out of China

- Ways to work with Chinese business partners

- Importance of Hong Kong tax resident company

- Foreign-sourced Income Exemption (FSIE)

Date: May 29, 2025 (Thursday)

Time: 1:30PM - 3:00PM (Indian Standard Time)

Language: English (Supported by Hindi)

Why choose Hong Kong?

Hong Kong does not have withholding tax in most circumstances

Most countries impose withholding tax when money is transferred out of the country. This tax could be even higher than the local corporate income tax rates. However, Hong Kong is the complete opposite. In general, there is no withholding tax on dividend and interest, or on services, while only a low withholding tax will be imposed on royalties. When a Hong Kong company has to pay royalties to an overseas entity, it has to withhold tax on behalf of the overseas entity.

Hong Kong is well known for its low corporate income tax rate

The corporate income tax rate in Hong Kong is 16.5%, which is among the lowest across the globe. For the first HK$2 million of profits, the tax rate is reduced by half, to 8.25%. The low tax rate has attracted a lot of Mainland China enterprises and multinational corporations to set up companies and operations in Hong Kong.

Hong Kong already has its own transfer pricing rule

Hong Kong follows the international threshold for CbC reporting. Multinational groups with consolidated revenue of EUR750 million (HK$6.8 billion) are required to file a CbC notification and report in Hong Kong. An important point to highlight is that, even though a multinational group has already submitted a CbC report in another tax jurisdiction, they must submit their CbC notification in Hong Kong, even when there is an information exchange mechanism.

Our Articles

Mainland China and Hong Kong Taxation System

ONC Lawyers Reveals 5 differences between Mainland China and Hong Kong Taxation System: China economy has been ranking the second in the world in the last decade. When it comes to attracting foreign inbound investment, Hong Kong holds an important role. Known as the intermediary between China and the West, it serves as both the multinational corporations' inbound investment platform into China, and the Chinese enterprises’ outbound investment platform. It can thus be concluded that the economic systems of the two places are distinctively appealing. The respective features of the Hong Kong and Mainland China Taxation System are one of the highlighting differences. In this article, ONC Lawyers provides you with 5 quick facts about the differences between Mainland China and Hong Kong Taxation System.

Our Video

Meet The Speaker

HENRY KWONG

Senior Tax Advisor

As a qualified Certified Public Accountant (CPA) and Chartered Tax Advisor (CTA), Henry has worked in the tax department of a Big 4 CPA firm and then as a Tax Partner in a reputable CPA firm, serving as the principal tax advisor for over 80 listed corporations in Hong Kong.

About ONC Lawyers

ONC Lawyers is a professional and dynamic legal practice based in Hong Kong. With continuous growth since our establishment in 1992, we have now become one of the largest domestic law firms with more than 130 members of legally-qualified and supporting staff. ONC Lawyers have been recognized by AsiaLaw Profiles as a “Highly Recommended Law Firm” in Hong Kong, and are also lauded by Chambers and Partners as a “Leading Firm”. We received the “Debt Market Deal of the Year” Award in the Macallan ALB Hong Kong Law Awards 2018.

Date: May 29, 2025 (Thursday)

Time: 1:30PM - 3:30PM (IST)

Language: English (Supported by Hindi)

The webinar will start in:

Days

Hours

Minutes

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Session

1:30 PM - 3:00 PM

If you have any issue about the seminar or FSIE & HK CoR/TRC, you can contact us at marketing@henrykwongtax.com