Keep in mind that as soon as you have substance in HK you are liable for tax.Hi guys!
A question regarding an economic substance in HK - does anyone know a reliable service provider that doesn't charge arm and leg? No office required, only couple of part time employees.
Nowadays it's like the local HK banks force you to so much substance in HK that you are tax liable in HK if you want a real HK bank account.Isn't it a bit more complex? Like where the company is managed, is there any local trade, shareholders and directors whereabouts?
Do you mean that IRD approved your offshore tax status when you had local employees? That seems unusual. Generally in HK you are taxable if you have goods going through HK or any employees in HK or directors meetings in HK.
It sounds a bit contradictory I must say, but in what country can the authorities not be contradictory.
It is.It sounds a bit contradictory I must say, but in what country can the authorities not be contradictory.