Industry leader CWK Global has led the pack in providing listed groups, multinational firms, and individuals with outstanding global tax services, delivering services to deal effectively and efficiently with tax concerns. It takes pride in its professional tax advisory team that showcases extensive experience in advising Hong Kong, Mainland China, and overseas investors on tax issues.
Professional Hong Kong Tax Advisory Service
With an in-depth knowledge of Hong Kong tax services, laws, and practices, the leading CPA tax firm provides a vast range of tax compliance and China Tax services, including preparation of Profits Tax returns, Salaries Tax and Property Tax assistance, and management of queries from tax authorities.
Hong Kong introduced a two-tiered profits tax rate regime, with the goal of sustaining a competitive taxation system to boost economic development while maintaining a simple and low tax regime. Based on the Hong Kong government’s Inland Revenue (Amendment) (No. 3) Ordinance 2018, the profits tax rate for corporations for the first HK$2 millions of profits of corporations would be lowered to 8.25%. Profits above that amount would continue to be subject to the tax rate of 16.5% starting April 2018.
While this is a welcome tax incentive that seeks to relieve the tax burden for enterprises, businesses with related entities such as corporate groups have to thoroughly review their current structures as every group would have to nominate a member to gain an advantage from the reduced tax rate. CWK Global’s top tax advisors lead the pack in providing assistance and management.
Tax Advisory and Planning
The CWK Global Group gathers tax experts in all areas, builds a diversified tax advisory team and expands its professional tax advisory services all around the globe.
“Tax is an indispensable factor in the decisions in business activities and investments. Hence, effective and legal tax planning is essential to yield significant tax savings and improve cash flow. That’s where CWK Global comes into the picture,” a company representative said in a statement.
CWK Global said its professional tax advisory team takes heed of amendments announced by the Inland Revenue Department (IRD). For example, IRD approved the enhancement of the existing eFax Portal in July 2020 to enable more multinational enterprises to e-file profits tax returns in order to address the challenges arising from the digitalisation of the economy. In this case, CWK’s tax advisors provide guidance and consultation to businesses when it comes to navigating all tax compliance matters.
Global Tax Services and Overseas Taxation
CWK Global assures that its professional tax advisory team is fully equipped for the developments in the international tax landscape and provides comprehensive and professional tax services to assist clients with full strategic solutions.
CWK’s global tax services also include:
– Financial Report
– Cross Border Investment
– IPO Tax Advisory
– Offshore Company assistance; and
– Tax Planning.
CWK tax advisory team also advises on the tax exemption of income/profit derived from sources outside Hong Kong.
Mr. Xavier Chan, the Chairman of the CWK Global Group, recently stressed that on purchasing a property, individuals should balance multiple factors such as additional stamp duty, rental costs and the expectation of property price appreciation. The CWK team has expertise available to support all property transactions.
Those who want to learn more about CWK Global Group and its Hong Kong Tax Services may visit the website for more information.
Company Name: CWK Global
Phone: +852 2548 8288
Address:21/F, Cosco Tower, No. 183
City: Queen’s Road Central
State: Hong Kong