HK Tax
Join Date: Sep 2004
Location: Canada
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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
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
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.
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.
Join Date: Sep 2004
Location: The Heart of Asia
Posts: 124
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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_com..._06/stcfrm.htm
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_com..._06/stcfrm.htm