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Nieprzeczytany postautor: jordanss123 » 03 mar 2017, 11:45

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Tax is not deducted at source, so employees need to complete a tax return annually with details of total salary earned for the fiscal year end of 31 March,nike air max infrared, often provided by the employer,air nike 2016, and profits earned or losses incurred. The self-employed can elect personal assessment. You may not get your first tax bill for up to 18 months, depending on when your Hong Kong employment began. When you are presented with a bill that includes not only tax for the preceding year but also the estimated provisional tax for the following year, it can come as quite a shock. An assessment notice is usually sent out by the Inland Revenue Department (IRD) in the autumn with the sum due. An automatic salary tax computation service is also available on the IRD website.
It is important to keep the IRD up to date with changes to your address and to tell them promptly if you require special permission to delay payment,solde nike air max, as a surcharge of 5% is automatically added to late payments. These are then offset against tax when it is due.
Total tax was limited to 15.5% of salary in 2003 and 16% since 2004. Allowances are made for single parents,nike air force, married people, dependents,air max pas cher femme, etc.
Residents from the UK are not subject to UK income tax on their worldwide income,air max homme.
All full- and part-time employees and self-employed people aged between 18 and 65 and earning more than $5,000 per month are required by the government to pay into an MPF (Mandatory Provident Fund). This is a privately managed fund that functions as a government retirement scheme. Schemes are administered by designated insurance companies or banks in Hong Kong.
Every month, employees must pay 5% of their monthly salary or $1,000 whichever is less into an MPF. The sum is matched by an employer contribution. The employees mandatory contributions,nike air max, subject to a maximum of $12,000 annually, are tax-deductible. You may be exempted from MPF payments if you have an overseas pension or similar plan. You can redeem your MPF before you reach 65 if you leave Hong Kong.

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