Hong Kong property tax collection standard

Hong Kong property tax collection standard

Hong Kong property tax collection standards, many people are still concerned about this issue, let's talk about this issue.

Hong Kong property tax is a tax levied on the owners of land and buildings in Hong Kong (including Hong Kong companies) for the benefit (such as renting). ) They profited from holding real estate in Hong Kong.

Every April 1 day, you will receive a tax bill from the Hong Kong Inland Revenue Department. The calculation method is that the net profit is taxed according to the standard of 16%, and generally the rent is the standard, of which 20% can be deducted as the capacity repair fee, and the net profit 16% is the property tax to be paid.

Salaries tax:

Hong Kong salaries tax means that all people who provide services and earn income in Hong Kong have to pay salaries tax.

Profits tax:

Any person, including a corporation, partnership, trustee or group, who operates a trade, profession or business in Hong Kong, and profits arising from or derived from the trade, profession or business in Hong Kong, shall pay profits tax (excluding profits from the sale of capital assets).

The above is about property tax and property fee, I hope I can help you!