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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 ...
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 ...
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 ...
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The Hong Kong Economic and Trade Offices ( HKETOs) are the trade offices of Hong Kong outside the territory. There are 14 HKETOs outside Hong Kong and China, and seven in China (four offices and three liaison units). In addition to HKETOs, the Hong Kong Government has an office in Beijing, the capital of China, called the Office of the ...
Goods and services tax (Hong Kong) The goods and services tax (GST) was a proposed value-added tax in Hong Kong. Consultation over a period of nine months was launched on 19 July 2006 and stirred considerable controversy. It launched a fierce debate amongst local taxpayers, lawmakers, journalists, politicians, who hotly debated the need for the ...
Partnership taxation in Hong Kong is the taxation of the profits or losses generated by partnership business entities. First, these profits or losses of the partnership are assessed according to the Hong Kong Inland Revenue Ordinance, Chapter 112, section 22. After assessment, then said profits or losses flow through the partnership to the ...
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