Search results
Results from the Health.Zone Content Network
Inland Revenue Department (Hong Kong) Inland Revenue Department. Agency overview. Formed. April 1, 1947. (1947-04-01) Headquarters. Inland Revenue Centre, 5 Concorde Road, Kai Tak, Kowloon, Hong Kong. Employees.
Salaries Tax. The wages and incomes received from employment are subjected to tax. Income tax rate in Hong Kong is 2% when net taxable income is from 1 to 50000 Hong Kong dollars, 6% when net taxable income is between 50001 and 100000 Hong Kong dollars, 10% when net taxable income is between 100001 and 150000 Hong Kong dollars and 14% when net ...
The Government argued that Hong Kong's tax base was narrow; thus, a single-rate GST was a viable option for Hong Kong in order to broaden the tax base and secure the sustainability of tax revenues base and the capacity to meet public expenditure needs in the long run.
A property tax known as "rates" has been levied in Hong Kong since 1845. The tax applies to all domestic and commercial properties unless exempted, and is based upon the rental value of the property, re-assessed each year. Formerly part of the revenue went to the Urban Council and, from 1986, the Regional Council, but since 2000 the whole ...
Inland Revenue Ordinance. Inland Revenue Ordinance. Legislative Council of Hong Kong. Long title. An Ordinance to impose a tax on property, earnings and profits. Citation. Cap. 112. Enacted by. Legislative Council of Hong Kong.
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. For purposes of calculating liability, the period of assessment is from April 1 to March 31 of the following year. Salaries tax is also charged on the ...
Hong Kong portal. v. t. e. The Government of the Hong Kong Special Administrative Region, [1] commonly known as the Hong Kong Government or HKSAR Government, is the executive authorities of Hong Kong. It was formed on 1 July 1997 in accordance with the Sino-British Joint Declaration of 1983, an international treaty lodged at the United Nations.
The Individual Income Tax in China (commonly abbreviated IIT) is administered on a progressive tax system with tax rates from 3 percent to 45 percent. As of 2019, China taxes individuals who reside in the country for more than 183 days on worldwide earned income. The system is separate from the income tax system of Hong Kong and Macau, which ...