Hong Kong has a corporate tax known as Profits Tax, which is levied on the net profits of businesses operating in the city at a competitive rate of 16.5%. The tax system is highly attractive due to its low rates, territorial principle (only taxing income derived from Hong Kong), and the absence of taxes like VAT and capital gains tax, making it a favorable environment for businesses.When considering Hong Kong as a base for your business operations, one of the most critical aspects to understand
