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Hong Kong Salaries Tax – Retirement Benefit A recognized retirement scheme means: - a Mandatory Provident Fund scheme (“MPF scheme”) - a recognized occupational retirement sc...
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Hong Kong Salaries Tax – Self-Education Expenses Section 12(1)(e) of Hong Kong Inland Revenue Ordinance states that a person can get a deduction for Self-Education Expenses. In b...
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Hong Kong Salaries Tax – Personal Assessment What is Personal Assessment? Under the Hong Kong Inland Revenue Ordinance, there are 3 types of direct taxes, namely, Salaries Tax, ...
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Hong Kong Profits Tax – Basis Period for Assessment Basis period is either: the year ended 31 March during the relevant year; the year ended on that day in the relevant year if...
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Hong Kong Profits Tax – Deemed Trading Receipts Section 14 of the Inland Revenue Ordinance sets out the scope of the charge to profits tax. In addition, Section 15 deems the foll...
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Hong Kong Profits Tax – Exempt Receipts/Profits The following are exempt from the assessable profits: 1. Dividends received from a corporation; 2. Profits already assessed to...
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Hong Kong Profits Tax – Definition of a Body of Persons According to Section 14 of the Hong Kong Inland Revenue Ordinance, profits tax shall be charged for every person carrying ...
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Hong Kong Profits Tax - Corporation Section 14 of the Inland Revenue Ordinance levies profits tax on every person carrying on a trade, profession or business in Hong Kong in respe...
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Hong Kong Profits Tax – Computation of Profits Tax Liability This below pro-forma may assist you to prepare the profits tax computation of your company/business. HK$ HK$ Net...
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Hong Kong Profits Tax – Application for Holding Over of Provisional Profits Tax You may apply in writing for holding over all or part of your provisional profits tax for a year o...
