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Hong Kong Salaries Tax – Illustration of Computation of Salaries Tax Example Mr. CHAN Tai Man, single, was employed as Senior Marketing Manager with a monthly salary of HK$60,00...
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Hong Kong Salaries Tax – Dependent Brother or Dependent Sister Allowance As a Hong Kong taxpayer, you may claim dependent brother or dependent sister allowance if, during a year ...
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Hong Kong Salaries Tax – Approved Charitable Donations A taxpayer who made donations to charity can claim tax deduction if: • It is a donation of money; • It is for charita...
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Hong Kong Salaries Tax – Elderly Residential Care Expenses A Hong Kong taxpayer may claim the elderly home expenses that has been paid to a residential care home for his or his s...
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Hong Kong Salaries Tax – Employee versus Office Holder An employee has a master and servant relationship with his employer. The work of an employee is within the control of his e...
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Hong Kong Salaries Tax – Employer’s Obligations Being an Employer, the Hong Kong company has various statutory obligations with the Hong Kong Inland Revenue Department (“IRD”)...
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Hong Kong Salaries Tax – Home Loan Interest Section 26E of the Inland Revenue Ordinance states that the interest paid on loan for purchase of residence is tax deductible. All of ...
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Hong Kong Salaries Tax – Married Person’s Allowance A married person may claim the married person’s allowance if his / her spouse does not have taxable salary income and has no...
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Hong Kong Salaries Tax – Pension Under Section 8(1) of the Hong Kong Inland Revenue Ordinance (“HK IRO”), pension arising in Hong Kong is chargeable to salaries tax. No defini...
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Hong Kong Salaries Tax – Place of Residence Provided to an Employee Hong Kong Salaries Tax – Place of Residence Provided to an Employee If an Assessor of the Inland Revenue Dep...
