HUANZE

Overseas company knowledge base

──Aug 16 , 2021Personal salaries tax and Deductions in Hong Kong

With the stabilization of the epidemic, countries around the world have started a new round of economic development, and many Chinese people have started international trade, international service and other international businesses. Most of them chose Hong Kong as their overseas corporate address. There are some differences between the tax system in Hong Kong and the mainland. Today I would like to share with you the salaries tax in Hong Kong.

First of allHong Kong Salaries TaxThe tax rate is only2%~17%, only up to17%. In addition, salaries tax in Hong Kong only covers an individual's income derived from Hong Kong. Salaries tax is not levied on income earned by individuals from other regions. FinallyHong Kong Salaries TaxThe type of income collected is only the individual's salary income. Personal investment income, dividend income and other types of income are not covered by salaries tax.

And then the main thing to notice isHong Kong Salaries TaxThere are many deductions, but you need to be careful when you fill in the deductions. There are limits on the deductions for salaries tax. If you fill in the wrong deductions, you will be fined by the tax bureau.

Personal salaries tax and Deductions in Hong Kong

CycloseThe company is committed to providing domestic and foreign customers with corporate audit, tax declaration, registration, annual inspection, tax planning and other services in Hong Kong, Singapore, Dubai and other regions. Efficient, rigorous, intimate service has been favored by many private enterprises, listed companies and large state-owned enterprises.

BACK
PREV

How to appoint a Tax representative for a Hong Kong company?

NEXT

Do Hong Kong companies have to appoint a company secretary to file tax returns?