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Hong Kong Taxes
The taxation system of Hong Kong is territorially based. This means that all taxes which are imposed in Hong Kong are not levied with regard to location. This fact [...]
Introduction Every country and territory in the world imposes tax rates at levels it deems to be suitable for the people who live and pay taxes there. This is the primary [...]
Tax Avoidance versus Tax Evasion Some people use Tax Avoidance and Tax Evasion interchangeably, which is wrong. ‘Tax avoidance’ and ‘tax evasion,’ have the opposite meaning. While tax avoidance [...]
Corporate Tax A corporate tax in Hong Kong is a regulatory fee charged on the profit of a firm. After deducting expenses and calculating operating costs including the Cost [...]
Structure of the IRD The IRD is led by the Commissioner of Inland Revenue. The IRD also has two deputy commissioners who serve under the direction of the commissioner. One [...]
History of Personal Income Tax in Hong Kong In Hong Kong, the personal income tax rate is a tax collected from individuals and is imposed on different sources of [...]