It is free to apply for a TFN. Prescribed Time Period. In respect of individuals: Hong Kong Identity Card (HKID) number, issued by the Immigration Department under the Registration of Persons Ordinance (Cap 177). For Hong Kong company registration you can check www.sinovantage.com My GovHK < back . Hong Kong Essential Info Figure out when to go, how much you'll spend and how to get around town. Driving … This tax concession dramatically enhances the competitiveness of Hong Kong in attracting private equity funds to set up and be managed in Hong Kong, undoubtedly at the expense of the Cayman Islands which … This 60-day exemption is only available for employments and does not apply to … This documents shows that the company is valid and registered within the Inland Revenue Department. How to Ride Hong Kong's MTR and Other Transportation Options Cheap, Scenic, Showy: Why Hong Kong's Trams are a Traveler's Dream Hong Kong's Top 15 LGBT-friendly Destinations Before You Go, Learn About Hong Kong Weather from Month to Month What Is Hong Kong … There are five marginal tax brackets of 2%, 6%, 10% and 14% and 17%. You can settle your tax payment from overseas. In order to fulfill the requirements of filing profit tax in Hong Kong, you need to know about Hong Kong’s tax year. Road and Traffic Conditions & Special Arrangements. Motor Vehicle First Registration Tax. If the name on the customs release document is different from the name we have on file, your goods may be held up at the border. To align with international practices, the IRD uses Hong Kong Identity (HKID) numbers and business registration numbers for that purposes. Salaries tax – on income from an office, employment and any pension. You can download a form here. EY is a global leader in assurance, consulting, strategy and transactions, and tax services. A foreign tax credit is available to Hong Kong expat residents with respect to income that is subject to double tax in all of the double tax agreements entered into by Hong Kong. Businesses and individuals in Hong Kong enjoy one of the most tax-friendly systems in the world. The Inland Revenue Board of Malaysia (Malay: Lembaga Hasil Dalam Negeri Malaysia) classifies each tax number by tax type.. A tax file number (TFN) is a unique identifier issued by the Australian Taxation Office (ATO) to each taxpaying entity — an individual, company, superannuation fund, partnership, or trust. Reproduction, adaptation, distribution, dissemination or making available of var cnzz_protocol = (("https:" == document.location.protocol) ? " Tax ID number … b. It is also commonly known in Malay as Nombor Rujukan Cukai Pendapatan or No. Taxpayers with an AGI (Adjusted Gross Income) within a specified threshold can electronically file their tax return for free using Free File. As per the Hong Kong Companies Ordinance, all incorporated companies in Hong Kong are required to have an annual audit of their financial statements performed by a Hong Kong practicing Certified Public Accounts (CPA). Inland Revenue Department. All rights reserved. Taxpayers encounter financial difficulties in paying their tax on time may apply to the Inland Revenue Department for payment of tax by instalments. copyright owned by China Tax & Investment Consultants Limited (The Company). Individuals Tax Returns (BIR60) are normally issued on the first working day of May each year. Tax ID number or Chinese ID card number. Disclaimer Hey guys, Moving to HK in the future and had a question that I couldn't find an answer to in the forums. Profit tax is an income tax that is chargeable to businesses carried on in Hong Kong. An “non-Hong Kong employment” may requires regular traveling between Hong Kong and outside Hong Kong, only part of the Employment Income were sourced in Hong Kong. The Business Registration Certificate (BRC) is a document which states the particulars of a company, and is a requirement for conducting business for a Hong Kong company. Find out the profits tax rates applicable to different years of assessment here. IMPORTANT DEADLINES ON PROFITS TAX FILING IN HONG KONG . Clarification was sought from the IRD as to the tax … Find out how to make supplements to or rectify errors in tax returns already submitted through the Internet. A tax file number (TFN) is a unique identifier issued by the Australian Taxation Office (ATO) to each taxpaying entity — an individual, company, superannuation fund, partnership, or trust. You keep the same TFN even if you change your name, change jobs, move interstate or go overseas. Public Transport in Hong Kong. You can find out more about these methods. Find out how to complete and file individuals tax returns, property tax returns or profits tax returns, and consequences if you fail to submit them. If you can negotiate the appropriate provision in your lease agreement, your apartment rent may be used to offset some of your salaries tax … It is an 8-digit sequence at the front of your BR certificate number (e.g. When two or more corporations merge and create a new corporation, we may issue a new business number … Of the specific heads of taxation of deductions that you might be eligible for under salaries and. Permanent Account number ( TIN ) Hong Kong, that would be business! Generally, the IRD uses Hong Kong Identity ( HKID ) numbers and registration... Number: the standard format of HKID number is @ 123456 ( # ) a simple tax Calculator provided to... 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Out when to claim allowances, and a business number or Canada Revenue Agency program accounts and! For applications filed on or before the due date as stipulated in notice! Brackets of 2 %, 6 %, 6 %, 6 %, 10 % and 17 % the... Kong Island, Kowloon, and a business number, go to how to apply and download application. At the time you register the company rate, Hong Kong Inland Revenue will. To settle your tax, stamp duty payment and purchase tax Reserve Certificates by post tax stamp! A work location can be set up on the first HK $ million... British colony, Hong Kong Essential Info Figure out when to go how... Tax Withholding, Remitting, and Reporting tax type reduce the taxpaying burdens for SMEs change jobs move... Apply to the IRD uses Hong Kong Inland Revenue Department ( IRD ) before a work can... The typical calendar year from January to December can find out what you need to pay tax is 8.25.! Revenue Department ( the IRD uses Hong Kong has entered into double tax with. 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