January 11, 2010
One of the more frustrating aspects of Hong Kong company law is that all Hong Kong-incorporated companies require an audit, irrespective of the value of the company’s turnover, the number and nature of its shareholders etc. By comparison, a Singapore Exempt Private Company, i.e. a company with not more than 20 shareholders (none of whom [...]
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November 18, 2009
When I arrived in Hong Kong in the early 1980’s obtaining a copy of the Inland Revenue Department’s Assessor’s Manual was considered essential, but extremely difficult to acquire. Gradually the Assessor’s Manual has been replaced by a series of Departmental Interpretation and Practice Notes (DIPNs). Whereas the Assessor’s Manual had [...]
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