VP Blog

VP Business Centre News - 1 August 2009

Waiver Business Registration Fee for one year from 1 August 2009

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VP Business Centre News - Tax Concession under Salaries Tax and Personal Assessment In the 2009-10

One-off reduction for the 2008-09 salaries tax and tax under personal assessment to 100%, subject to a revised ceiling of $8,000.

Individuals subject to Profits Tax or Property Tax Individuals having business profits or rental income, if eligible, can enjoy the reduction by electing personal assessment. Under personal assessment, they will enjoy a reduction of 100% of the 2008-09 final tax, subject to a ceiling of $8,000 per case.

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VP Business Centre News - 1 July 2009

Tax Concession under Salaries Tax and Personal Assessment In the 2009-10 Budget delivered on 25 February 2009, the Financial Secretary proposed a one-off reduction of 50 % of the 2008-09 final tax in respect of salaries tax and tax under personal assessment, subject to a ceiling of $6,000. On 26 May 2009, the Financial Secretary proposed to increase the one-off reduction for the 2008-09 salaries tax and tax under personal assessment to 100%, subject to a revised ceiling of $8,000.

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VP Business Centre - Hong Kong will remain unmatched as a place to do business - 5 December 2008

As reported in the SCMP on 5 Dec 2008, Hong Kong will remain unmatched as a place to do business for the foreseeable future and play an important role in the development of the mainland's service sector and "Hong Kong is a far, far, far better city for business," said Professor Michael Enright, the Sun Hung Kai Professor of Business Administration at the University of Hong Kong. VP Business Centre shares this view as Hong Kong has a low tax regime, less regulatory hurdle, no foreign exchange control and well-developed legal system. VP Business Centre is well positioned to serve the needs of those doing business in the Greater China covering serviced office, virtual office, company incorporation in Hong Kong and China, accounting and tax as well as trade mark registration. - 5 Dec 08

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CHANGE! - 4 December 2008

"Change!" a word that saw Barack Obama elected the new US president. We have today changed our website to serve you better. - 4 Dec 08

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