HK Tax

[whodunnit2]

Does anybody know what the tax rate on the rental assistance is these days?

My green envelope seems a little more scary than it should.

Thanks

W2

[Flaps10]

How does the tax work on a rental? Do you mind if I ask how much you pay rent in HK and how much your tax was?

I was looking online at condo's in DB. Do rental prices usually include utilities?

If not, what does it typically cost for utilities?

Cable, phone, water, elec, internet etc...

Are you guys able to save money on the S/O pay scale?

Thanks

[bonajet]

W2 - rental calc
10% salary - (amount you paid-amount CX paid you) added to your salary.
Tax is either sliding scale up to 20% top rate with some allowances or flat 16%, which ever is the lowest. The cut off is quite high - probably 2m.

[betaboy]

Frankly, I am blown away by how much simpler and logical this tax system is compared to Canada's!

Hong Kong Tax information:
http://www.ird.gov.hk/eng/ese/ind_stc.htm
http://www.ird.gov.hk/eng/tax/ind_sal.htm


Hong Kong Tax Calculator:
http://www.ird.gov.hk/eng/ese/st_comp_2005_06/stcfrm.htm