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The wages and incomes received from employment are subjected to tax. Income tax rate in Hong Kong is 2% when net taxable income is from 1 to 50,000 Hong Kong dollars, 6% when net taxable income is between 50,001 and 100,000 Hong Kong dollars, 10% when net taxable income is between 100,001 and 150,000 Hong Kong dollars and 14% when net taxable ...
In Hong Kong, profits tax is an income tax chargeable to business carried on in Hong Kong. ... The Approved charitable donations are limited to 35% (10% for years of ...
The Salvation Army (TSA) is a ... with private donations in excess of US$2 ... the Army withdrew from the country but work still continues in Macau and Hong Kong, and ...
IRO Section.25 Deduction of property tax from profits tax. Any person's HK property tax payable can be set off by the same HK profit tax payable. IRO Section.26A Exclusion of certain profits from tax IRO Section.26B Concessionary deductions, general provisions IRO Section.26C Approved charitable donations
The Boys' and Girls' Clubs Association of Hong Kong; The Carter Center (CBM International) The David and Lucile Packard Foundation; The Ford Foundation; The Fred Hollows Foundation; The Hong Kong Council of Social Service; The International HIV/AIDS Alliance; The Jane Goodall Institute (Roots & Shoots) John D. and Catherine T. MacArthur Foundation
The Community Chest of Hong Kong (Chinese: 香港公益金) is an independent, nonprofit organization established on 8 November 1968 in Hong Kong. The Community Chest serves as an umbrella organization to provide grants to a wide range of community projects.
Charitable organizations in Hong Kong such as The Salvation Army, Hong Kong Red Cross, and various student groups have accepted donations for relief efforts. [163] Charitable organizations in Taiwan such as the Red Cross Society of the Republic of China and the Tzu Chi Foundation launched efforts to raise more funds for relief aid. [164]
After seven consecutive years of budget surplus, the Hong Kong Government held a record HK$579 billion in reserve during the 2011 financial year. [4] Under pressure to use the money to do more for the elderly and the poor, Financial Secretary John Tsang announced in the 2011–2012 budget on 23 February 2011 a scheme modelled from the 2008–2009 financial year, whereby HK$6,000 were to be ...