Income Tax Guide for Expats In Hong Kong
Reading Time: 4 minutesExpats who reside in or relocate to Hong Kong must be aware of both local and international tax laws pertaining to double taxation treaties or any other laws that may apply to Income tax in Hong Kong for expats.
Of Hong Kong’s 7.5 million residents, 10% are expatriates. However, residency is not the main consideration when it comes to paying taxes in Hong Kong. Any expat who intends to live or conduct business in Hong Kong should be familiar with the regional and global tax laws in force.
Although the province is well recognized for its low tax rates, generous allowances, and progressive tax system overall, there are a few unique laws and qualification periods to be aware of, at least for independent contractors and the self-employed.