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Corporate Taxation – Singapore Vs Hong Kong

A key determinant for setting up a business in a given jurisdiction is the tax regime in force. In this regard, both Hong Kong and Singapore boast of being one of the lowest tax jurisdictions in the world. Detailed below is a comparative overview of the tax system in Singapore Vs HK. Tax jurisdiction Singapore Taxes are levied on a territorial principle i.e. companies and individuals are taxed on Singapore sourced income. Foreign sourced income (branch profits, dividends, service income, etc.) will be taxed when it is remitted or deemed remitted into Singapore unless the income was already subjected to taxes in a jurisdiction with headline tax rates of at least 15%. Hong Kong Taxes are levied on the territorial principle i.e. only on income “derived from or arising in” HK and n...[Read More]

ARIIX Convention 2017 Hong Kong Seo Yu Seok

One of the amazing rewards in our business is to see your partners completely change their lives. My friend and business partner in South Korea Yusuk Seo spoke on stage at our convention this summer in Hong Kong and shared how this business allowed her to accomplish all of the 100 dreams that she had written. And now she’s on a mission to help 10,000 people achieve THEIR dreams. It is an honour to work alongside leaders like Yusuk Seo and her husband Mr. Ko to make ARIIX the #1 network marketing company in South Korea. They truly care about their people and have a great project to help poor children get the education they want. She was born in a poor family and want to offer other kids like her who don’t have the financial resources to get a good education. I look forward to ce...[Read More]