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Carried interest tax concessions set to strengthen Hong Kong SAR s private equity industry
internationaltaxreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from internationaltaxreview.com Daily Mail and Mail on Sunday newspapers.
Hong Kong Explains COVID-19 Reliefs For Tax Debtors
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$1.4 Million Apartment, Tesla, Gold Bars - Vaccine Giveaways Get Flashier
Updated: July 26, 2021 9:43 am IST
When the Covid vaccination rollout started, the biggest material prize was an Instagramable sticker. Now in Hong Kong, you could potentially score a Tesla or even an apartment in the world s most-expensive housing market.
With gold bars, a diamond Rolex and a $100,000 shopping spree also up for grabs, Hong Kong s vaccine lotteries are easily the flashiest. Yet it s far from the only location rolling out eye-catching incentives to try and boost flagging vaccination rates. Russia s giving away snowmobiles. West Virginians can score lifetime hunting licenses and custom rifles. In Alabama, people who are vaccinated got offered a chance to drive on a speedway track.
When Getting Vaccinated Could Mean Winning A $1 4 Million Apartment
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Hong Kong Again Slashes Interest On Early Tax Payments
Hong Kong Again Slashes Interest On Early Tax Payments
by Mary Swire, Tax-News.com, Hong Kong
09 June 2021
The Hong Kong Inland Revenue Department has announced a further reduction to the interest rate payable on Tax Reserve Certificates.
From June 7, 2021, the new annual rate of interest will be 0.0500 percent, down from 0.0833 percent. As such, the new rate is equal to HKD0.0042 per month per HKD100.
Tax Reserve Certificates bear simple interest, and interest is calculated monthly (including part of a month) from the date of purchase to the date of payment of tax. The rate of interest payable is periodically revised in line with the market trend. Hong Kong has cut the amount of interest it pays on tax overpayments and prepayments considerably in recent quarters, from 0.2 percent a year earlier.