Hello, is there any turnover tax in Hong Kong similar to mainland business tax, value-added tax and consumption tax? What taxes do banks in Hong Kong have to pay? Thank you! !

Hong Kong's tax system is classified, with income tax as the main tax system, supplemented by behavior tax and property tax. There are two types: one is direct tax, including property tax, profits tax and salaries tax; One is indirect taxes, including inheritance tax, stamp duty, gambling tax, taxi fare, first registration tax of automobiles, departure tax of airport passengers, business registration fee, hotel rent tax and dutiable goods tax.

Compared with the domestic tax system, the Hong Kong tax system has the characteristics of low tax rate, simple operation, geographical concept that the scope of taxation is limited to income obtained or obtained in Hong Kong, and different tax base periods. Here is a brief introduction to several major taxes in Hong Kong:

(1) Profits tax. Anyone who engages in any trade, profession or business in Hong Kong and obtains taxable profits from Hong Kong (excluding profits from the sale of capital assets) shall pay profits tax in Hong Kong. Profits earned outside Hong Kong are not taxable in Hong Kong. Taxable profit is the balance of operating income after deducting various costs and expenses incurred to obtain operating income.

1. Operating income range. Based on the principle of income in Hong Kong, it includes income from selling goods and providing services in Hong Kong, income from using movable and intangible assets in Hong Kong, and other business-related income.

2. Costs and expenses can be deducted. Generally speaking, all expenses paid for profit can be deducted. Including sales expenses, operating expenses, management expenses, etc. Charitable donations can also be deducted before tax. However, the salary of the proprietor's spouse, partner or partner's spouse shall not be deducted.

3. Make up for the loss. Taxpayers' losses in one fiscal year can be carried forward to profits in subsequent years indefinitely.

4. Depreciation allowance. Different projects have different depreciation calculation methods: ① for industrial buildings and buildings, the initial depreciation amount is 20% of the construction cost, and it will be accrued according to 4% of the construction cost in subsequent years; ② Commercial buildings and buildings: 4% of the project cost is accrued every year; ③ Initial depreciation amount of machinery and equipment: 60% of the cost of machinery and equipment. According to different asset conditions, depreciation can be accrued according to 10%, 20% and 30% of the declining value of assets in future years. Computer equipment and industrial or manufacturing machinery and devices can be fully deducted in the year of purchase and use. In addition, the capital expenditure of environmental protection facilities can be deducted in 2008/09.

5. Tax rate. The current standard tax rate is 16%, which was changed to 15% in 2008/09, and the tax rate of companies and other legal persons or groups is 17.5%, which was changed to 16.5% in 2008/09.

6. The tax year is generally from April 1 day to March 3 1 day of the following year, or the end date of the year is the closing date of the enterprise.

(2) salaries tax. People who are employed, employed and receiving pension income in Hong Kong are required to pay salaries tax in Hong Kong. However, temporary visitors who stay in Hong Kong for less than 60 days are not required to pay tax in Hong Kong on their income from working in Hong Kong.

1. Taxable income range: ① Employment in Hong Kong, including wages, bonuses, allowances, etc. (2) Directors' fee income of Hong Kong companies; (3) Pensions other than those recognized by the government; (4) If the employer provides or pays the apartment rent for free, 65,438+00% of the employee's salary shall be counted as the employee's non-cash benefits to pay salaries tax; 5. Stock or stock options; ⑥ Resignation compensation, whether it is taxed or not depends on whether it comes from labor services. For example, when the contract expires, the compensation obtained according to the contract should be taxed; During the contract period, the compensation (compensation) obtained due to the closure or reorganization of the company does not belong to labor income and may not be taxed.

2. Deductible range: ① Complete and necessary expenses for obtaining taxable income, such as transportation expenses and entertainment expenses of business representatives; (2) Donations from charitable organizations are deducted according to the limit; (3) Tax allowances, including basic personal allowances, child allowances, dependent parents, grandparents, brothers and sisters allowances and additional parents and grandparents allowances. The basic personal allowance is HK$ 654.38 million from 2007/08 and HK$ 654.38 million from 2008/09.

3. Tax rate. The standard tax rate and the four-level excess progressive tax rate are implemented. The current standard tax rate is 16%, and since 2008/09, it is 15%, and the progressive tax rate is 2%- 17%. Both can be selected from the low, which is beneficial to low-income people and will not cause excessive tax burden to high-income people.

In addition, in order to reduce the tax burden, Hong Kong's Tax Ordinance stipulates the way to declare individual income tax, that is, individual taxpayers are allowed to summarize their taxable income (including taxable property tax income, taxable salary tax income, taxable profit tax income, etc.). ) and losses, and pay personal income tax according to the tax exemption deduction standard and tax rate of salary tax. Actually, it is a comprehensive income tax law.

(3) property tax. Taxes levied on land, buildings or owners of land and buildings in Hong Kong. Property tax is only levied on owners with rental income, and taxpayers without rental income are not counted as property tax. The net taxable value of the property tax is the tax basis, and the tax rate from April 05 to now is 16%, in which the net taxable value = [taxable value (rental income)-difference] × (1-20%). If the property is owned by a company operating in Hong Kong, it can be exempted from property tax and only needs to pay profits tax.

(4) stamp duty. According to the current tax law in Hong Kong, stamp duty is only levied on all kinds of documents related to real estate transfer, lease and stock trading. It mainly includes: property conveyancing, residential property sales agreement, real estate leasing, and Hong Kong securities transfer. Taxpayers are buyers and sellers and other signatories or securities transfer agents. Stamp duty rate is divided into fixed tax rate and ad valorem tax rate. The minimum amount is 3 yuan, and the maximum amount is 100 yuan; The lowest rate is 0. 1%, and the highest rate is 3.75%. Among them, the stamp duty rate of stock transactions is 0. 1%.

(5) Lottery tax. This is a tax levied on the gross profit of horse racing organized by the Hong Kong Jockey Club, the proceeds from the Mark Six Lottery issued by the Hong Kong Lotteries Board, the proceeds from cash lotteries approved for sale and the net gambling income from holding football matches. Cai Bo tax rate: 72.5% to 75% progressive tax rate; Mark Six: 25%; Cash draw: 30%; Football Lottery: 50%.

(6) rate. This is a tax on buildings or property. A taxpayer is the owner of real estate such as a building or property. If the building or property is leased, the taxpayer is the lessee. It can be seen that all real estate such as buildings or properties located in Hong Kong, whether rented or not, should pay the difference. Ratable = rateable value × tax rate, in which the rateable value is reasonably assessed by the Hong Kong Valuation Department according to the annual rent of buildings or properties, once a year. The tax rate is 5%.