Moving in to or out of Hong Kong? Get in-depth information for expats on different taxes and how to deal with them.
aEvery year many people from other country come to visit here 许多人从其他国家每年来这里参观[translate] aI'd love to get off, I would. 我会愿意得到,我会。[translate] atax assessment notice issued by Hong Kong IRD 香港发布的捐税评估通知IRD[translate]...
The tax year in Hong Kong occurs during the start of April hence businesses have to get ready to report their income, apply for exemptions and account for everything they’ve got in their business. Hong Kong is one of the countries where the tax system is great to both businesses and ind...
Hong Kong SAR Individual - Sample personal income tax calculation Last reviewed - 28 June 2024 Below is a sample salaries tax computation for year of assessment 2024/25 for illustrative purposes. Assumptions: The individual is a married person with two children both below age 18. ...
The Inland Revenue Department (IRD) is responsible for taxation matters in Hong Kong. IRD makes tax assessment based on income or profit accrued in the tax year or year of assessment which runs from 1 April of a year to 31 March of the following year. ...
9.What is the tax treatment of business losses incurred by a Hong Kong company? 10. What is the basis period for profits tax assessment in Hong Kong? 1.What are the profit tax rates for companies in Hong Kong? Hong Kong has a flat corporate tax rate of 16.5% both for resident and ...
Hong Kong SARIndividual - Tax administrationLast reviewed - 28 June 2024 Taxable period An assessment year (or tax year) begins on 1 April of a year and ends on 31 March of the following year. Basis of assessment The basis of assessment is the total assessable income accrued to a person...
Wilton Kee, Chief Product Officer and Head of Health at Manulife Hong Kong, said Hongkongers are generally good at leveraging tax-deductible items to ease their tax burden. However, public awareness and knowledge about the three tax-deductible products still sees ro...
These measures can create synergy with the tax concession regime for family offices to promote the development of family office businesses in Hong Kong, said Christopher Hui, secretary for Financial Services and the Treasury of the HKSAR government.■...
The Comprehensive Double Taxation Agreement (CDTA) for Hong Kong-Mauritius has come into force on 23 June 2023, after completion of the relevant ratification procedures. The CDTA will be in effect starting from the year of assessment 2024/25 in Hong Kong