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Illustration of Computation of Property Tax and Application for Holdover of Provisional Property Tax 1. Illustration of Computation of Property Tax Example: Rental income for 1...
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Hong Kong Property Tax - Miscellaneous Items Lump Sum Premium The law specifically provides that lease premium is assessable to property tax in the same way as rent. If you have ...
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A Checklist for Reduction of Property Tax 1. Apart from rental income, do you earn assessable salaries income and/or business income? If yes, you may reduce your tax by electing ...
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Properties for Owner’s Business Use If the income from property chargeable to Property Tax is included in the taxpayer’s assessable profits for Profits Tax purposes (e.g. rental...
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Tax on Profits from Sale of Property in Hong Kong Hong Kong does not have capital gain tax and under usual circumstances, gains from disposal of property are not subject to tax. ...
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Employer’s Return Filing of Employer’s Return Normally, the Hong Kong Inland Revenue Department (“IRD”) will issue the Form BIR56A of the Employer’s Return (“ER”) to emplo...
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Introduction to Hong Kong Salaries Tax General Salaries Tax is chargeable on most but not all of the income from employment, offices and pension arising in or derived from Hong K...
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Hong Kong Salaries Tax – Chargeable Income According to Section 8(1) of the Hong Kong Inland Revenue Ordinance, salaries tax is imposed on all income arising in or derived from H...
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Hong Kong Salaries Tax – Notification of Chargeability to Salaries Tax If you are liable to tax in Hong Kong, you have to inform the Inland Revenue Department (“IRD”). Section ...
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Hong Kong Salaries Tax – Child Allowance As a Hong Kong taxpayer, you may claim child allowance if, during a year of assessment, you maintain an unmarried child who was below 18,...
