What is two-tier taxation in Hong Kong?
This is a method of taxation that involves income being taxed twice starting with the first HK$2 million of profits taxed at one-half of the general tax rate of 8.25% for corporations, [...]
This is a method of taxation that involves income being taxed twice starting with the first HK$2 million of profits taxed at one-half of the general tax rate of 8.25% for corporations, [...]
The corporate tax in Hong Kong has evolved in terms of rates changing from the initial 10%, a proposition of 50%, and finally to the current 16.5%. However the method of taxation [...]
No. The taxation process for both locals and foreigners are more or less the same. For example, income generated out of Hong Kong by either a local resident or foreigner is not [...]
Revenue generated from corporate taxes in Hong Kong goes into the running of government affairs just like in any other country. It is worth noting that one of the reasons why Hong [...]
Some of the benefits of corporate taxes in Hong Kong is that they often come with: Returns deductions on medical insurance for families, and Fringe benefits such as retirement plans and tax-deferred [...]