What is the criteria for individual tax system in Hong Kong to see if the individual is chargeable to income tax
Ans:
Hong Kong’s salary tax rates follow a progressive tax rate system. There are five marginal tax brackets of 2%, 6%, 10% and 14% and 17%.
Tax Rates for Individuals | |
Net Chargeable Income (in HKD currency) | Tax rate |
1 – 50,000 HKD | 2% |
50,001 – 100,000 HKD | 6% |
100,001 – 150,000 HKD | 10% |
150,001 – 200,000 HKD | 14% |
Above 200,000 HKD | 17% |
Tax rate on capital gains | 0% |
Tax rate on income earned overseas | 0% |
Tax rate on dividends from a Hong Kong company | 0% |
What is the criteria for individual tax system in Hong Kong to see if the individual...
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