Hong Kong Business Magazine的动态

Transcript

Moving your store in Hong Kong? This new tax rule could save you thousands. Reinstatement costs, AKA the price of returning a store to its original state, can be as high as 194 Hong Kong dollars per square foot. But now there's a tax break that could help retailers offset this major expense. The 1st Amendment relates to reinstatement costs. It is basically providing tax relief for tenants who have an obligation under the lease to restore the premises to the original condition. That's a big win for businesses that move frequently. But who benefits the most? SME in the retail and catering business will be more likely to benefit. They made this change the location or more offense. Depending on the market conditions, the reinstatement costs could be a big burden. The more obligations that you have for reinstatement, the more you're going to benefit from tax relief or operators, retail shops perhaps maybe the more medium sized enterprises, you'll definitely get the most benefit. They may need to keep documentation such as invoices, bank statements and also they may have their contractors to provide them with the quotation with a breakdown. Will this tax break actually help businesses or is it just a government Band-Aid? Drop a comment below. For full story visit Hong Kong business dot HK.