hk salary tax for Dummies
hk salary tax for Dummies
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Despite the fact that you will discover deductions in Hong Kong, hardly any are relevant The truth is For the reason that tax charges are currently lower when compared to other jurisdictions. The subsequent checklist of items is included in the deduction group:
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When registering your company in Hong Kong, you only need to have a minimum of one particular director, however, you might have as many as you would like.
Recently integrated non-public providers are necessary to current the first list of audited accounts to shareholders on the Annual General Assembly (AGM), inside of 9 months immediately after its economic year-close, when it remains as six months for other firms.
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Besides you will discover other commercial rationales for retaining correct accounting data – it'll help sound business setting up and selection building, timely and precise submitting of anchor tax returns, promptly reply to inquiries by authorities, make improvements to transparency with inner and external stakeholders and more importantly mitigate compliance charges.
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As We have now spelled out many of the fundamental aspects of the tax procedure and Hong Kong tax fees, let us go into more element around the Salaries tax.
You can then Obtain your estimated choose home spend, an approximated breakdown of one's prospective tax liability, and a quick summary down right here so you're able to have an even better concept of what to potentially be expecting when setting up your funds.
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