9 11, 2023

Exciting Highlights from Participation at the Hong Kong Fintech Week 2023

2023-11-10T07:21:48+00:00Other Information|0 Comments

Unlocking Potential and Embracing Innovation in the Digital Age Hong Kong Fintech Week 2023 concluded last week, attracting a distinguished gathering of top industry leaders. The event, held at the prestigious Hong Kong Convention and Exhibition Centre, brought together influential figures from finance, technology, academia, and regulatory sectors. These elite leaders delivered captivating speeches, engaged [...]

5 09, 2023

How to obtain Hong Kong personal Mandatory Provident Fund account information?

2023-09-05T08:37:46+00:00Other Information|0 Comments

If you are not sure how many Mandatory Provident Fund (“MPF”) personal accounts you are holding, you may use the e-Enquiry of Personal Account (“ePA”) platform. The ePA is an electronic platform established by the Mandatory Provident Fund Schemes Authority (“MPFA”) to provide an easy-accessible channel for members of Mandatory Provident Fund (“MPF”) schemes to [...]

29 05, 2023

Form 8833: Your Key to Unlocking Tax Treaty Benefits

2023-05-29T09:06:08+00:00Foreign Persons/Nonresident Aliens(NRA), Tax Benefits|0 Comments

What is Form 8833? Form 8833 is a document that taxpayers must file with the Internal Revenue Service (IRS) if they are claiming a treaty-based return position. A treaty-based return position is when a taxpayer is claiming a tax treaty benefit that overrides the Internal Revenue Code (IRC). Form 8833 is used to disclose the taxpayer's position and provide the necessary information [...]

8 03, 2023

Form 8854: Initial and Annual Expatriation Statement

2023-03-08T08:38:58+00:00*FAQs (Frequently Asked Questions), Penalties, Tax Filing Requirements|0 Comments

In the past few years, there has been an upsurge in US citizenship renunciations. In a recent Forbes article[i], between 2005 and 2009, less than 2,500 people renounced their citizenship. Between 2010 and 2020, this number went up to 36,840. The reasons behind such renunciations could be political or personal and irrespective of the reasons [...]

23 12, 2022

Do I need to file FBAR or Form 8938?

2022-12-23T07:39:17+00:00FBAR/FATCA, U.S. Taxes - General|0 Comments

If you have a foreign bank account(s), it is likely you’ll have FBAR and Form 8938 (Statement of Specified Foreign Financial Assets) filing requirement. Below are answers to a few basic questions related to those forms. What is FBAR and 8938? FBAR: The FBAR (Foreign Bank Account Reporting) formerly called the Report of Foreign Bank [...]

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