Things you need to know before immigrate: understand the global taxation system, the definition of tax residency
2022-11-3
Before immigrating, you must pay attention: understand the global taxation system, the definition of tax residency
Living in Hong Kong is a blessing. Compared with other countries in the world, the tax system in Hong Kong is simple and the tax rate is low. Hong Kong is taxed based on the territorial principle, which means, only income or profits originating in Hong Kong will be taxed; profits earned overseas are not subject to tax in Hong Kong.
However, popular immigration countries for Hong Kong people, such as the United Kingdom, Australia, Canada, etc., all adopt global taxation. Therefore, before immigrating, you should first understand the taxation systems of different countries, the definition of tax residents, well prepare tax planning before immigration, otherwise you will regret it after landing......
Don't ignore it because you have only a small amount of assets. As long as you have an apartment in Hong Kong, the tax burden after immigration can be unimaginable.
On the contrary, tax planning before immigration can successfully and effectively reduce the tax burden, which is to increase income in disguise. Assets are secured, and moving abroad is a pleasure.
Our company is a licensed accounting firm in Hong Kong and has more than 30 years of experience in handling various taxes. We also have tax expert partners in the UK and Australia, who can provide pre-immigration consultation and tax planning preparation, as well as post-immigration tax reporting. Most importantly, our tax expert partners speak Cantonese.
If you have any tax questions, or pre-immigration tax planning consultation and preparation, please contact our company.
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