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What are the deductions under Hong Kong Salaries Tax?

Released Date: Jun 28,2021 Article Source: HUANZE

With the rapid development of our country's economy, more and more mainlanders see the international trade,Cross-border e-commerce and other business opportunities, so they set up their own company in Hong Kong, the Asian financial center whose most notable feature is its low tax burden. The establishment of Hong Kong company will inevitably produce personnel salary and director compensation. Then those who receive wages and salaries will be involved in the payroll tax calculation.

With the rapid development of our country's economy, more and more mainlanders see the international trade,Cross-border e-commerce and other business opportunities, so they set up their own company in Hong Kong, the Asian financial center whose most notable feature is its low tax burden. The establishment of Hong Kong company will inevitably produce personnel salary and director compensation. Then those who receive wages and salaries will be involved in the payroll tax calculation.

We all know that salaries tax has many deductions, but not all of them can be used. The most obvious category of people is Hong Kong vagrants. This category of people does not have a family in Hong Kong and only works in Hong Kong. Therefore, in the calculation of profits tax, only spouse and children deduction items can be used.

Therefore, it should be noted that the deduction items of salaries tax should be filled in correctly, otherwise they will be fined by the tax bureau.

What are the deductions under Hong Kong Salaries Tax?

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