Hong Kong preview

China

Hong Kong is home to the lowest tax regime in Asia and also one of the lowest rates in the world. The territory's tax structure is simple and uncomplicated and its reputation as a tax heaven makes it one of the most preferred investment destinations in the world.

Hong Kong has low personal and corporate tax rates along with no capital gains tax, no sales tax or value added tax, no withholding tax on dividends and interest and no estate duty. This low tax regime has contributed greatly to making Hong Kong a choice destination for expat relocation.

Tax in Hong Kong is only levied on income that is earned in or derived from Hong Kong and for salaries tax, this includes not just wages but also commissions, allowances and bonuses, and other perks in your package such as the company-paid accommodation, tax paid by employer, share options and retirement benefits. Severance pay and long service bonuses, on the other hand, are not taxed as they are not considered payments for services rendered.

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