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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,...
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Hong Kong Salaries Tax – Tax Clearance on Leaving Hong Kong Employee Section 51(7) of the Hong Kong Inland Revenue Ordinance (“IRO”) states that a person chargeable to tax mus...
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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 – Dependent Parent Allowance A taxpayer may claim allowance in respect of each dependent parent by you or your spouse, not being a spouse living apart from...
