With the reform and opening up and the economic development, more and more mainlanders see international trade, so many of them choose to set up their own international trade companies in the financial center of Hong Kong. These trading companies in the trade at the same time, many companies will occur personnel compensation and commission. Today, let's have a look at the salaries tax for individuals who receive salary and commission from the company.

First of all, there is a big difference between Hong Kong and the mainland in personal income tax. The mainland's personal income tax is generally withheld and paid by the company, and the staff is calculated at the end of the year, so that they get after-tax income. And the Hong Kong company did not withhold, just fill in56Band56MFor the tax bureau, individuals need to report their income to the tax bureau in full.

Secondly, personal income tax is levied in the territory of the person, that is, no matter where the place of personal income is, it is within the scope of personal income tax (part of the income paid abroad can be exempted in accordance with regulations). However, salaries tax in Hong Kong is levied only on post plus territory. The position refers to whether an individual has served as a director of a Hong Kong company, and if so, his income from the Hong Kong company shall be fully declared and subject to salaries tax. The dependency refers to an officer other than a director of a Hong Kong company who is not subject to salaries tax in Hong Kong if he is not working in Hong Kong; If the officer spends part of the year working elsewhere and part of the year working in Hong Kong, his/her income in Hong Kong should be recognized pro rata and salaries tax should be declared.

As a final reminder to those who receive income from Hong Kong companies, Hong Kong salaries tax is quite different from domestic personal income tax. Therefore, if you have income from Hong Kong companies, it is better to have a thorough understanding of Hong Kong Salaries tax to avoid possible tax risks in the future.

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