How much does Hong Kong property tax pay every year?

How much property tax does Hong Kong pay each year? The taxpayer of property tax is the property owner according to the regulations. Property rights belong to the whole people, paid by the management unit; If property rights are issued, the mortgagee shall pay; If the property owner or mortgagee is not in the location of the property or the property right is not determined and the rent dispute is not resolved, it shall be paid by the property custodian or user. The above-mentioned property owners, business management units, mortgagees, property custodians or users are all taxpayers of property tax. If a construction enterprise owns real estate (that is, the owner of real estate), it is naturally the taxpayer of property tax.

1, the tax rate of property tax conforms to the regulations, and the property tax is levied ad valorem according to the proportional tax rate. If ad valorem is levied, the tax rate is1.2%; The tax rate levied from the rent is 12%.

2. There are two tax bases for real estate tax: one is the taxable residual value of real estate, and the other is the rental income of real estate. Calculated by rental income, the formula is: annual tax payable = annual rental income × applicable tax rate (L2%). The above methods are calculated on an annual basis. If it is paid in installments, such as half a year, the annual tax payable is divided by 2; For quarterly payment, divide the annual tax payable by 4; For monthly payment, the annual tax payable shall be divided by 12.

Do I have to pay property tax for the first suite in Hong Kong?

In Hong Kong, corresponding to the property tax referred to in the Mainland, Hong Kong is called "rates". Property in Hong Kong can be roughly divided into two types, one is private property and the other is public housing provided by the government, and about 50% of the people in Hong Kong live in public housing. However, no matter what kind of property mentioned above, rates are required. Different from the property tax being discussed in the mainland, the assessment of rates widely discussed in the mainland is based on the overall valuation of the properties held. However, the "rates" in Hong Kong are based on the "rent" valuation, that is, it is assumed that the property can be let out during the valuation period. As for the collection and valuation of rates, there is a special department in Hong Kong, that is, the Rating and Valuation Department. According to the market price of similar properties in the same district during the evaluation period, the department will adjust the rent according to factors such as the area, location, facilities, completion quality and management level of the property. Then multiply the rent by the rates charge rate to calculate the tax payable. For example, the rate of 20 10-20 1 1 is 5%.

Provisional Regulations of People's Republic of China (PRC) Municipality on Property Tax

Legal basis:

Article 2 The property tax shall be paid by the property owner. Property rights belong to the whole people, paid by the management unit. Property rights are paid by the mortgagee. If the owner or mortgagee of the property is not in the location of the property, or the property right is not determined and the rent dispute is not resolved, it shall be paid by the property custodian or user.