Salaries tax computationHKDHKD Salaries650,000 Bonus50,000 Total assessable income700,000 Less: Concessionary deductions Charitable donations(3,000) Retirement scheme contributions(18,000)(21,000) Net income679,000 Less: Allowances Married person’s allowance(264,000) ...
The meaning of INCOME TAX is a tax on the net income of an individual or a business. How to use income tax in a sentence.
The amount of tax payable is calculated at the lower of: The standard rate (i.e. 15%) on chargeable income after deduction of charitable donations; or The applicable progressive rates on net chargeable income after deduction of charitable donations and personal allowance. ...
living on generous investmentincome(such as dividends) or rentalincome,orhave been running business or have earned handsome salaries during their long-term employment in the past will be eligibleforthetax allowanceevenif their parents or grandparents lead a well-off life. ...
income-tax allowance Dictionary or personal allowance the amount of income that a person is allowed to earn before beginning to payINCOME TAX. In the UK, for example, the personal allowance is currently (2005/06) £4,895 for a single person. In addition, older persons, widows, single-par...
income tax allowance.A definition of the term income tax allowance is presented. It refers to a proportion of a person's income that is not subject to tax.EBSCO_bspBloomsbury Business Library - Business & Management Dictionary
1. 所得税免税额 希高翻译-经济词汇中英对照十六 ... Income Tax 所得税Income Tax Allowance所得税免税额Indirect Tax 间接税 ... www.xi-gao.com|基于16个网页 2. 所得税减免 ... income tax allocation 所得税分摊income tax allowance所得税减免income tax credit 所得税额减免,所得税税额抵免 .....
Personal income tax rates Income tax is charged at graduated rates, with higher rates of income tax applying to higher bands of income. Tax is charged on total income (from all earned and investment sources) less certain deductions and allowances. In Autumn 2022, it was announced that the ...
China’s IIT Law states that all individuals deriving income from within the country are subject to the tax. Click to find out more about IIT for expats.
We provide information about the requisites for being a resident or non-resident tax payer, standard and special deductions, IIT calculations and settlement as well as preferential IIT policies available in China.