啟源顧問有限公司的部落格

Hong Kong Tax Authority Starts Sending out Tax Returns for 2019/20 Today

Departed from its general practice in the past, the tax authority in Hong Kong, the Inland Revenue Department (“IRD”), starts sending out the Property Tax Returns and Employer’s Returns for the year of assessment 2019/20 today, instead of the Profits Tax Returns. The IRD will be sending out the Profits Tax Returns and tax returns for individuals on 4 May 2020 and 1 June 2020, respectively.

In accordance with the regulations, a taxpayer who receives a tax return shall complete and submit it back to the IRD within a month of issue of the said return or any other time specified in the relevant return. Otherwise, the taxpayer may be subject to a fine for late filing of return.

As a taxpayer, in reporting and filing your tax return for year 2019/20, you are entitled to enjoy the various concessions announced by the Financial Secretary of Hong Kong on his 2020/2021 Budget, including a one-off reduction of profits tax, salaries tax and tax under personal assessment for the year of assessment 2019/20 by 100%, subject to a ceiling of HKD20,000 per case. IRD will make a tax reduction in the final tax assessment for this year after the proposed concessionary measure is approved by the Legislative Council of Hong Kong. It is noted that no additional application for this proposed concessionary measure is required.

This concessionary measure is applicable for the year of assessment 2019/20, that is, they are applicable to the accounting year ended within the period from 1 April 2019 to 31 March 2020.

新加坡個人所得稅簡介

新加坡是全世界稅率最低的先進國家之一，被公認為“全球合法避稅天堂”。新加坡的低稅率和優惠的稅收政策，及穩定安全的居住環境，是其成為海外投資和移民全球十大首選地之一的主要原因。新加坡的公司所得稅的稅率最高為17%，個人所得税的稅率最高不超過22%，並且沒有資本利得税和遺產稅。

本文主旨在於簡要介紹新加坡個人所得稅的徵稅原則、稅率、稅務居民的判定以及申報方式等方面的資訊，以供給考慮投資和移民到新加坡的啟源客戶作為參考資料。在修訂和發佈本簡介時，本所已經考慮了截至於2020年2月28日有效之法律法規，以及2020年財政預算案公佈的相關政策。

新加坡的個人所得稅率為全球最低之一。新加坡個人所得稅的納稅人分為稅務居民和非稅務居民，並適用不同的稅率和計算方式，因而個人是否會被判定成為新加坡稅務居民，是影響其在新加坡稅負的首要因素。稅務居民的個人所得稅以上一年的收入減除相應的免除事項以累進方式計稅，適用的所得稅稅率介於2%至22%之間。非稅務居民沒有免稅抵減額，統一適用22%的個人所得稅率。此外，來源於新加坡的薪資所得以統一按15%的稅率計算，與按新加坡稅務居民的累進稅率計算兩者孰高為准。詳情請參閱本文“第二節新加坡稅務居民”和“第三節新加坡非稅務居民”。

此外，新加坡政府還針對跨區域高級管理人員提供各項優惠政策，其中包括非一般居民計畫及區域代表計畫。符合該等計畫的納稅人可以根據其在新加坡的居住時間計算其應稅所得，以及在退休金供款方面享受優惠政策，詳情請參閱本文“第四節 稅收優惠政策”。

2020年3月

澳洲個人所得稅簡介

符合澳大利亞（以下簡稱澳洲）稅法規定的稅務居民身份的個人，應就其全球收入向澳洲稅務局進行申報及繳納稅款。非澳洲稅務居民身份的個人，僅就其源自於澳洲境內的收入向澳洲稅務局進行申報及繳納稅款。

本文主旨在於簡要介紹澳洲個人所得稅的有關規定，主要包括稅務年度、徵稅原則、澳洲稅務居民身份該如何判定、徵稅項目、費用扣除項目、稅務抵減、申報方式、申報期限和補（退）稅方式，以及舉例說明在中國工作的澳洲稅務居民取得薪資性收入如何計算繳納個人所得稅等等。

一、   稅務年度

澳洲的稅務年度，也叫財政年度，為每年的7月1日至次年的6月30日。在一個稅務年度內，不論是澳洲稅務居民還是非澳洲稅務居民，都應根據其相應的納稅義務向澳洲稅局進行申報。

Introduction to Individual Income Tax in Australia

Australian residents for tax purposes who satisfy the residency test stipulated by the Australian tax law, have to declare all worldwide income earned both in Australia and internationally in the Australian tax return and pay the tax to the Australian Taxation Office (ATO). The foreign residents for tax purposes (hereinafter referred to as non-Australian tax residents) must declare in Australian tax return any income derived in Australia and pay the tax to the ATO.

The purpose of this article is to briefly introduce the related regulations of Australian individual income tax, including tax year, the principle of taxation, types of taxable income, how to identify the Australian tax residents status, tax rate, expense deductions, tax offset, declaration method, declaration period, how to pay (or refund) the tax, and the examples to clarify how the calculation of individual income tax for Australian tax residents who have earned wages and salaries in China, etc..

Kaizen suggests you consult with professional tax advisors before you act upon the above information. Should you have any questions in relation to the proposals, please feel free to contact our CPAs.

Reference List：

1. Australia Company Registration Package
2. 澳洲公司注册套装
3. 澳洲公司注册套装
4. Introduction to Individual Income Tax in Australia
5. 澳洲個人所得稅簡介
6. 澳洲个人所得税简介

澳洲個人所得稅簡介

符合澳洲稅法規定的稅務居民身份的個人，應就其全球收入向澳洲稅務局進行申報及繳納稅款。非澳洲稅務居民身份的個人，僅就其源自於澳洲境內的收入向澳洲稅務局進行申報及繳納稅款。

本所主旨在於簡要介紹澳洲個人所得稅的有關規定，主要包括稅務年度、徵稅原則、澳洲稅務居民身份該如何判定、徵稅專案、費用扣除專案、稅務抵減、申報方式、申報期限和補（退）稅方式，以及舉例說明在中國工作的澳洲稅務居民取得工資性收入如何計算繳納個人所得稅等等。

啟源建議您根據有關資訊作出行動前諮詢專業人士的意見和建議。啟源會計師事務所可以為客戶提供專業顧問及稅務籌畫服務，如您有任何問題，請隨時聯繫啟源之專業會計師。

參考資料：

1. Australia Company Registration Package
2. 澳洲公司注册套装
3. 澳洲公司注册套装
4. Introduction to Individual Income Tax in Australia
5. 澳洲個人所得稅簡介
6. 澳洲个人所得税简介

March 2020

Introduction to Family Office in Singapore

Recently, the billionaire behind Haidilao International Holding, the world’s biggest chain of hotpot restaurants, has opened a family office in Singapore to help manage her wealth. In fact, the Rockefeller family first pioneered family office in the late 19^th century, some of the tycoons who seized the opportunity of the industrial revolution brought together financial experts, legal experts, and financial experts to study how to manage and protect their family’s wealth and broad business interests, thus creating a single-family Office (SFO).

The Singapore Economic Development Board introduced the GIP (Global Investor Programme) as early as 2004, the family office part of the scheme encourage foreign investors to set up a family office in Singapore and apply for immigration once they are approved. In Budget 2020, Singapore will also deepen the family office system that has existed for many years, especially by expanding the scope of tax exemption and extending the current tax exemption policy until 2024.

The Singapore family office is also the government’s immigration program for high net worth individuals. The structure of the Singapore family office is that the principal applicant sets up two companies in Singapore established by himself or his family members, one is a fund company, the other is a family office. The family office provides fund management services to fund entities (a private company incorporated in Singapore), which applies to the 13X/13R tax incentive scheme.

2020年3月

新加坡家族辦公室簡介

近日，隨著海底撈創始人張勇之妻舒萍在新加坡設立家族辦公室以幫助管理她的巨大財富的消息被報道以後，家族辦公室被廣泛關注。其實家族辦公室出現於19世紀中葉，一些抓住產業革命機會的大亨將金融專家，法律專家和財務專家集合起來，研究的核心內容是如何管理和保護自己家族的財富和廣泛的商業利益，因此就出現了只為一個家族服務的單一家族辦公室（SFO, Single Family Office）。

新加坡經濟發展局（Singapore Economic Development Board）早在2004年推行了【全球商業投資者計畫】（GIP, Global Investor Programme），該計畫裡的家族辦公室方案，便是鼓勵外國投資人在新加坡成立家族辦公室，通過審核後即可申請移民。在今年的財政預算案中，新加坡也將實施多年的家族辦公室制度更進一步的深化，尤其是擴大免稅的涵蓋範圍，幷將現行的免稅政策繼續延長到2024年。

新加坡家族辦公室同時也是新加坡政府推出的一個面對高資產淨值人士的一個移民計畫。新加坡家族辦公室的架構就是主申請人在新加坡設立由自己或家庭成員一起成立的兩家公司， 一個是基金公司，一個是家族辦公室。家族辦公室向基金實體（在新加坡註冊成立的法人公司）提供基金管理服務，適用於新加坡基金的稅收豁免計畫（13X/13R）。

Hong Kong Business

Hong Kong Plans to Waive Annual Return Registration Fee for Two Years

Financial Secretary of the Hong Kong Special Administrative Region, Mr. Paul Chan Mo-Po proposed to waive the registration fee for all annual returns (except for late delivery) for two years. Currently, the budget is under scrutiny by the Legislative Council, but it is expected to be approved.

For every limited company registered in the Hong Kong Companies Registry, including local companies and non-Hong Kong companies, it requires to file an annual return to the Hong Kong Companies Registry within 42 days after the company’s return date. If the budget is approved, the registration fee for annual return shall be：

香港商務

香港政府擬寬免兩年周年申報表登記費

在2020年2月26日發佈的2020/2021香港政府財政預算案中, 財政司司長陳茂波提議寬免公司周年申報表登記費（逾期登記除外），此次寬免為期兩年。有關建議須經立法會審議，獲得通過後才能生效，但根據過往經驗預計將會獲得通過。

在香港公司註冊處註冊的所有有限公司，包括本地公司和非香港公司，都需要在公司申報表日期後的42天內向香港公司註冊處提交周年申報表。財政預算案如獲通過，周年申報表登記費將為：

 Singapore Tax

Singapore Budget 2020

The Singapore Budget is the country’s fiscal plan for the current financial year that is planned with Singapore’s current and future needs in mind. With the COVID-19 outbreak at a time of an uncertain economic outlook, 2020 has already seen its fair share of challenges. Deputy Prime Minister and Minister for Finance, Mr Heng Swee Keat, delivered his Budget 2020 speech on 18 Feb 2020. This year’s budget most commendable aspect is its focus beyond the immediate and medium-term, by continuing to catalyse enterprise transformation for the long-term, to help enterprises re-orientate their business models and operations. This article will provide you with the key measures on business tax, personal income tax, indirect tax, and others.

1.    Corporate income tax rate and rebate

The corporate income tax will remain at 17% and no changes to the partial tax exemption threshold. Companies will enjoy an enhanced corporate income tax rebate of 25% of tax payable, capped at $15,000 for YA 2020. This is an increase from the 20% rebate (capped at $10,000) granted for YA 2019.