Etax hong kong

These returns should be filed within one month upon the issue of the notice an extension of 1 month to be given automatically if the return if filed electronically. With the looming deadline, rookies in the challedon tee times, and even seasoned tax payers, etax hong kong, may have questions regarding the reporting and the paperwork. Let us walk you through a brief introduction to salaries tax and points to note when filing your return. Simply put, individuals employed to etax hong kong in job positions created in or derived from Hong Kong are required to pay salaries tax.

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Etax hong kong

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Tax reduction is not a permanent measure, etax hong kong, but the government has been offering this over the past few years. Check the information upon receiving it. If you qualify for certain deductions and allowances, tax is only levied on the amount after deductions and allowances are taken out.

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It offers users a simpler, quicker, more secure and environment-friendly way to comply with the tax law. As a continuous effort to provide quality services to the public, the department today August 14 launched the revamped eTAX portal with more user-friendly applications to help users meet their tax obligations more easily. With the adoption of responsive web design in the new platform, the applications on eTAX bring to you not only efficiency, effectiveness and convenience when conducting electronic transactions on desktop computers or mobile devices, but also the sense of receiving better quality of service and user experience. Adoption of responsive web design gives users the optimal viewing and interaction experience by automatically adjusting the contents to perfectly fit the screen sizes, resolutions and orientation whether using desktop computers or mobile devices. A new service is introduced to allow taxpayers to keep record for deductions for example: approved charitable donations under Salaries Tax and Personal Assessment in their eTAX accounts in advance for subsequent automatic pre-filling in their Tax Returns - Individuals. The service is enhanced to allow taxpayers to upload attachments of a maximum of five files with a total of MB in size to support their applications. Printer View.

Etax hong kong

The implementation framework of the new deduction is as follows:. Domestic premises are a building or any part of such a building that is not prohibited by or pursuant to any law or any specified instrument e. Government lease, occupation permit, etc. If a qualifying tenancy is procured in respect of any domestic premises and car parking space, and the car parking space is not sublet, the car parking space will be taken to be part and parcel of the domestic premises for the purposes of the deduction. Qualifying Tenancy To qualify for the deduction, a tenancy or a sub-tenancy in writing must be procured in respect of any domestic premises. The tenancy must be stamped within the meaning of the Stamp Duty Ordinance Cap. The deduction ceiling for a tenancy is the maximum amount of deduction, to be reduced:. The amount of deduction allowable to a taxpayer for a year of assessment is the amount of rents paid under a tenancy for the year of assessment, or the deduction ceiling for the tenancy for the year of assessment, whichever is less. If there is more than one tenant under a tenancy, the rent paid under the tenancy will be taken to have been paid by each of the co-tenants in equal shares.

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Tax reduction is not a permanent measure, but the government has been offering this over the past few years. Let us walk you through a brief introduction to salaries tax and points to note when filing your return. Any balance is used to offset the provisional tax for the next tax year. This would be adjusted after the income and tax payable of the tax year is assessed in the next year. But if you have just joined the workforce, you may receive the tax return later. Financial tips. For details about deductions, allowances and tax reduction, please refer to the allowances, deductions and tax rate table published by the IRD. Tax reduction is not a permanent measure, but the government has been offering this over the past few years. In addition, you can also claim family and dependent allowances. You need not include the documents when applying for the deductions with your tax return, but they must be kept for a period of six years in case the IRD requires you to produce them. If you are not running a business or do not have rental income, there is no need to consider Personal Assessment. You can apply for the IRD's eTax Account to file your tax return online conveniently and to save time.

BIR60 should be completed and signed by the individual taxpayer. If you receive BIR60 from us, you must complete and submit it in time even if you do not have any income to report. Most of your questions will be answered in the Guide.

Salaries tax is computed based on the chargeable income of each tax year. Salaries tax payable is calculated at progressive rates based on net total income after deductions and allowances or based on a standard rate entitled to deductions but not allowances on your income earned during the tax year, from 1 April to 31 March of next year, whichever is lower. If your income does not exceed your eligible allowances, you do not need to pay salaries tax or file your tax return. Alternatively, you can use the government's tax reserve certificates to save up for tax payments. Under general circumstances, owners or shareholders of an operating business, or owners of a leased property, are applicable persons. In addition, you can also claim family and dependent allowances. Financial tips. If you qualify for certain deductions and allowances, tax is only levied on the amount after deductions and allowances are taken out. Recommended blog articles. Personal Assessment is not a tax item, but a tax relief arrangement provided for applicable individuals. Under general circumstances, owners or shareholders of an operating business, or owners of a leased property, are applicable persons. You may be interested in.