The new regulations impose high-frequency, high-dimensional reporting obligations on platforms. They also introduce automatic identity and transaction data matching for sellers—signalling the end of the grey-area practices involving offshore platforms, offshore income, and missing declarations. Given the situation, many have wondered – does Hong Kong still offer a low-tax advantage for businesses?

We often encounter clients who are confused about their tax obligations, particularly when it comes to income earned overseas.

We recently handled a case which we’d like to share with you.  It’s regarding the investigation of an individual’s overseas income.