Immigraion To Hong Kong

THE CLIMATE GETTING HERE ENTRY REQUIREMENTS TEMPORARY VISITORS OBTAINING APPROVAL TO RESIDE AND WORK OR INVEST IN HONG KONG EMPLOYMENT VISA INVESTMENT VISA DEPENDANT RESIDENCE HONG KONG IDENTY CARD TAXATION DEDUCTION AND ALLOWANCES PAYING YOUR DUES SETTING UP BUSINESS IN HONG KONG BUSINESS REGISTRATION Immigration   Business   Health and Fitness

TAXATION

There is no capital gains tax in Hong Kong, nor is there any
sales or value-added tax. Imported machinery and raw
materials are not subject to import tariff. And by comparison
with many other countries – certainly the U.S. and U.K. – the Hong Kong taxation system is blissfully simple and
relatively pain-free. So simple, in fact, that for most people,
completing a personal income tax return takes no more than
about ten minutes. Relatively pain-free because, at 16 per
cent, personal income tax in Hong Kong is among the lowest
in the world. Corporate tax stands 17.5 per cent, one of the
lowest rates in the region. Moreover, only income and profits
actually earned in Hong Kong are subject to taxation, not
overseas earnings. And it gets better. Company profits,
salaries and property rental income are just about the only
sources of income that are subject to taxation in Hong Kong,
which means that income from investment, profit from stock
market transactions (assuming you make any!) and bank
interest, for example, are all tax-free.