Income tax in Hong Kong How your salary is taxed

Tax on salary isn't deducted at source in Hong Kong. Employees need to complete a tax declaration detailing earnings at the end of each fiscal year (31st March). The declaration is often delivered by the employer. Self-employed persons make a personal assessment.

Tax in Hong Kong on income is progressive, with rates from 2-17%, although the standard charge of tax is 16% (2008). Allowances for solitary parents, married couples and for the sum of dependent children reduce the taxable sum from the total of salary.Depending on when you start working, you could get your first tax bill 18 months later. Bear in thoughts the sum of outstanding tax you owe or the bill can be a shock. a great idea is to place it in a separate account every month. Your normally get an assessment recognize from the Inland income Department (IRD) in autumn while using sum due.Hong Kong Tourist guide

For way more information on tax declarations, check out the IRD website at www.ird.gov.hk . in addition, it offers an automatic salary tax computation service. Make sure to keep the IRD as much as day with alterations to your address and to inform them without delay in circumstance of delayed payment.
nathan-road-sai-yeung-choi-street-sai Tax in Hong Kong A surcharge of 5% is normally automatically additional to past due payments.

28 评论:

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Bear in thoughts the sum of outstanding tax you owe or the bill can be a shock. a great idea is to place it in a separate account every month. Your normally get an assessment recognize from the Inland income Department (IRD) in autumn while using sum due.Hong Kong Tourist guide

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Income tax in Hong Kong How your salary is taxed.Tax on salary is not deducted at source.

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Income tax is our responsibility to salary on pay in Hong Kong.

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billigste forbrukslån said...

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.

Lån Penge Billigt said...

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%.

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Depending on the individual's income. Depending on your chargeable income, you stand to benefit from the personal income tax cuts. If you are a non-resident, your tax computation is different.

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Unknown said...

Excellent information regarding income- tax, which would really help out in calculating the income tax on then source, your post really enabled me o remove a lot of problems which are usually faced after every fiscal year.
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Unknown said...

The information presented in this blog is excellent and very helpful. All the information is supplied here in relation with tax and its deduction by the Hong-Kong government. All the appropriate information is been shred in this particular blog. Actual definition of tax and its deduction percentage is also mentioned.


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Unknown said...

Tax is a subject which is very necessary to understand. The tax deducted till the year 2008 is 16%. With the ratio of 2-17%. With this blog many people would get the information on the subject of tax implemented on Hong-Kong. May this help the investor and people of Hong-Kong.

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Unknown said...

Income tax is a subject which is the most complex subject for everyone. As the Hong-Kong has implemented new strategies and changes in their tax system. This is mainly done for the peoples of this city. Through this blog everyone can get adequate information on the income tax and its new rates.

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Unknown said...

Tax are the very important subjects for earnings. The Tax departments changes the rules according to the government of Hong Kong.

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Unknown said...

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Unknown said...

There are so many fluctuations in the tax deductions in the salary of employee. This is totally depend on the earnings of employee.

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This is very useful for me because i will go Hong-kong in few months for job. Thank you for giving this information.


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