A publication of deloitte touche tohmatsu limited taxation and investment in hong kong 2016 reach, relevance and reliability. Will moving to hong kong affect your us expatriate tax return learn about tax filing requirements, due dates, and exclusions in hong kong. This chapter aims to provide investors with key concepts and practical explanations on hong kong taxation, and guidance on taking advantage of the taxation policy for individuals and enterprises' internal and external investments, in order to formulate a reasonable tax framework. Where the income of a hong kong resident is subject to tax in both hong kong and belarus, the hong kong resident can credit the tax paid in belarus on the relevant.
Some key differences between mainland china & hong kong's tax system, a comparison in turnover tax, income tax, property and behavior taxes, etc. Jurisdiction's name hong kong, china information on tax identification numbers section i - tin description hong kong, china does not issue tin for communicating with taxpayers. Hong kong tax, hong kong salaries tax, paying hong kong salaries tax, hong kong provisional salaries tax, hong kong salaries tax calculator, hong kong tax return. Istock by alice truong the hong kong government taxes only income earned within the city expatriates and residents are taxed at either a progressive 2% to 17%, depending on income level, or a standard rate of 15% there is no capital gains tax in hong kong expatriates are often still. Title: hong kong tax alert - issue 2, february 2017 - hong kong transfer pricing update author: kpmg china \(kpmgcom/cn\) subject: at the end of december 2016, the public has submitted its responses to the hong kong government s consultation paper proposing the introduction of transfer pricing. Hong kong tax alert - issue 1, january 2018 - hong kong introduces two tiered profits tax rate marking a push towards a more competitive tax environment.
Lexispsl hong kong tax - mergers and acquisitions providing practical guidance, forms and precedents on tax considerations in m&a. (press release - march 1, 2018) enhanced tax incentive to promote renewable energy and building energy efficiency. Hong kong follows a territorial system of taxation tax is levied only on profits arising in or derived from carrying on a trade, business or profession in hong kong find out more. In the debut instalment of six extracts from the first-ever memoir of malaysian tycoon robert kuok, reproduced exclusively here, he recalls how mother shaped his views of china, and why he left singapore and malaysia for hong kong. Achieving your tax objectives in today's rapidly evolving landscape requires experience and foresight make the best decisions to strategically move your business forward.
Air passenger departure tax (apdt) air passenger departure tax (apdt) of hk$120 is normally levied on each passenger aged 12 years or above who departs from hong kong by air. Salaries tax is a type of income tax that is levied in hong kong, chargeable on income from any office, employment and pension for a year of assessment arising in or derived from the territory. Are you in need of advice on hong kong income tax our expat guide gives you an overview of how hong kong income tax works and how to file your tax returns.
Lexispsl hong kong tax - stamp duty providing practical guidance, forms and precedents on hong kong stock transactions. Hong kong profits tax is a tax levied on the net profits on business companies and individuals (sole proprietors) carrying out business in hong kong will be liable to profits tax provided that the profits are sourced in hong kong. Yes, the business registration certificate number is the tax id of a hong kong company you may refer to below link for detail explanation and illustration of how you find a hong kong individual or company tax id:-. Hong kong tax alert 3 condition 3: the ofc must only carry out qualifying transactions subject to the 10% de minimis limit and safe-harbor rules2.
Kpmg has a dedicated team of tax professionals focused on servicing fund clients who have been actively involved in the hong kong government consultation process and have extensive experience in assisting clients to. Expat in hong kong learn how your income will be taxed and other types of taxes you have to pay, with our. Tax return-individuals for 2017/18 will be issued on 2 may to help protect the environment, please opt for receiving electronic notice to file tax return by clicking the link of selecting electronic notices on the right hand side, if you have not yet done so. No there is an earned income exclusion and a housing cost exclusion which means that effectively about usd 120k is free of us tax, and you pay local hk tax on it also if you are paid as a hk resident (ie no w-2), you do not have to pay socia.