How us expats can remain tax compliant in hong kong. You can estimate your annual hong kong taxes using the calculator below the calculator also provides comparable taxes for other countries so that you can determine. Analysis of tax system of hong kong, corporation tax, withholding tax, taxation of dividends, group relief, vat, taxation of interest and royalties.
This tax newsletter is prepared by deloitte china’s tax service in hong kong sar, aiming to give readers a quick update on news about the tax practices and. Hong kong is well known as an international financial and trading center with an excellent infrastructure. Hong kong tax alert 2 how to count the 183-day rule for employment income under cdta in the year of change of tax residency of an individual a resident. Detailed description of corporate withholding taxes in hong kong.
Hong kong tax alert 2 original proposal risks being regarded as a potentially harmful tax practice the above proposal is a form of preferential tax regime. Hong kong taxation explained by unitrust capital corp hong kong company pays no taxes on income and profits from offshore activities tax-free hong kong companies. Hong kong tax alert 2 interest income of a bond fund exceeding the 5% threshold would be chargeable to tax in hong kong in interpreting the relevant tax provisions. Doing business in hong kong introduction hong kong is situated at the south-eastern tip of the mainland of china, covering approximately 1,100 square kilometres the.
Please note that system update has been scheduled to take place daily from 3:00am to 4:00am you may not be able to view some of the documents here during this period. Hong kong does not impose income tax on individual total income instead, three main types of income, namely business or trading profits, employment or office income.
(press release - january 25, 2018) public alerted to bogus phone calls purporting to be made by inland revenue department.
Under “scheme $6,000”, a sum of hk$6,000 will be given to each holder of a valid hong kong permanent identity card (hkpic) aged 18 or above the eligibility date. Pkf hong kong highlights hong kong tax update in q1 018. Hong kong profits tax is a tax levied on the net profits on business companies and individuals (sole proprietors) carrying out business in hong kong will be liable. Recent tax adjustments in hong kong have led to zero new tesla's being registered in april. Yes, the business registration certificate number is the tax id of a hong kong company you may refer to below link for detail explanation and illustration of how you.