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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 ...
The Secretary for Financial Services and the Treasury, head of Financial Services and the Treasury Bureau of the Hong Kong Government, is responsible for the monitoring of financial services sector and maintaining the assets of the government.
An Ordinance to impose a tax on property, earnings and profits. ... Legislative Council of Hong Kong: Legislative history; Introduced by: Acting Financial Secretary C ...
The goods and services tax (GST) was a proposed value-added tax in Hong Kong. Consultation over a period of nine months was launched on 19 July 2006 and stirred considerable controversy. Consultation over a period of nine months was launched on 19 July 2006 and stirred considerable controversy.
The Financial Secretary is the title held by the Hong Kong government minister who is responsible for all economic and financial matters (“Department of Finance” per Article 60 of the Basic Law). The position is among the three most senior Principal Officials of the Government, second only to the Chief Secretary in the order of precedence ...
Salaries tax is imposed on any office, employment and pension sourced in Hong Kong. [1] Office basically refers to the holding of office as a director or company secretary of the company resident in Hong Kong. Director's fee is fully taxable in Hong Kong irrespective where the director rendered services in Hong Kong or not. [2]
The previous form is Finance Branch under Colonial Hong Kong, headed by the Secretary for the Treasury. Financial Services Bureau and Finance Bureau were merged to become Financial Services and the Treasury Bureau on 1 July 2002, headed by the Secretary for Financial Services and the Treasury .
A property tax known as "rates" has been levied in Hong Kong since 1845. The tax applies to ... the main source of finance for the newly ... Committee v Roberts [1922 ...