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.
A Detailed Guide On Employer’s Tax Return Hong Kong
Reading Time: 4 minutesBeing an employer in Hong Kong is more than just claiming ownership to a company. The government also require you to file and submit certain documents. The Employer Tax Return is a legal requirement by the Hong Kong government. Employers are responsible for producing these returns annually. But how does the entire process work? This guide will show you everything you need to know about the employer tax return.
Premia TNC’s Consultation Builds Solid Base for New Businesses and Startups
Reading Time: 3 minutesExpert consultants guide businesses with identifying challenges, accumulating and analyzing information, and implementing & developing required solutions. How to work on a complex project across diverse industries and sectors is best possible with the help of someone who can solve issues, maximize growth, create values, and improve performance like Premia TNC does for its clients.
Here’s A Comprehensive Guide On Hong Kong Salary Tax Allowance
Reading Time: 4 minutesHong Kong is undoubtedly one of the busiest and largest economic hubs worldwide. As a result, you’d expect to meet many companies here. If you’re currently managing a business in Hong Kong or plan to do so, you’ll have no choice but to employ people to work for you. You’ll most likely pay them salaries to compensate them for their efforts. Paying salaries is more than just sending money to your workers at the end of the month. There are many other important things involved. That’s why it’s important to learn about Hong Kong salary tax allowance. This piece will teach you about salary tax allowance and any additional deductions for your employees, salary tax rate, and how to calculate salary tax in Hong Kong.
A Guide to Getting a Dependent Visa in Hong Kong
Reading Time: 5 minutesIn recent years, Hong Kong has been a top-tier business destination in the world. With its impressive economic statistics, like emerging 4th in ease of starting a business venture, IPO fundraising, business friendly economic policies, simple tax structure, entrepreneur friendly business laws, and free trade policies. Due to all this, more and more people are migrating to this massive Asian business hub. However, like in most other countries, as a foreigner, you must have a solid and legal visa to be able to live and work freely in Hong Kong. There are several types of visas in Hong Kong, and each of them has its specific characteristics. The types of visas are Employment visas, Student visas, Training visas, Quality migrants, and the Dependent Visa Hong Kong.
A Detailed Guide On Mandatory Provident Fund (MPF) in Hong Kong
Reading Time: 4 minutesHong Kong employers (local and overseas) are expected to provide their employees with numerous benefits till the expiration of their contracts. Retirement savings is one of the top benefits employees look for when seeking an organization to apply for work. The Hong Kong government mandates this benefit to protect employees. But what exactly is it? This piece will look at MPF Hong Kong Employers Contribution. By learning all the essential details about MPF, users will find out the fund’s requirements and how to avoid falling short of them.
How to Establish a Sole Proprietorship in Hong Kong
Reading Time: 4 minutesThe Hong Kong government has encouraged small businesses to set up as sole proprietorships since 2009. The government believes that this will increase entrepreneurship and create more jobs. However, some concerns have been raised over whether sole proprietorship Hong Kong will lead to fewer employees in larger companies and thus to an increase in unemployment rates.
Hong Kong Work Visa Requirements
Reading Time: 5 minutesIf you’re planning to relocate to Hong Kong to study, work or live, you need to understand Hong Kong work visa requirements.
Filing Tax Returns in Hong Kong
Reading Time: 5 minutesTax returns are a fundamental part of working at or running a business in Hong Kong. Everyone who earns money in Hong Kong is expected to file tax returns. Filing Tax returns in Hong Kong may prove to be a bit challenging. To that end, we are taking a look at how to file tax return in Hong Kong.
Offshore Income Hong Kong: All You Need to Know
Reading Time: 4 minutesHong Kong is a great business location that can give your business a foothold in the Asian Market. It is a prime location for setting up your business as an international company. Offshore companies are companies that does their businesses solely outside the country. Interestingly, offshore companies in Hong Kong may qualify for a tax exemption known as Offshore Tax.
