US TAXATION OF HONG KONG INCOME
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Liability for taxes in the nation â–Ş In Hong Kong, people earning any form of
financial gain that arises in or comes from a Hong Kong workplace or Hong Kong employment, or from services rendered in Hong Kong throughout visits of over sixty days in any taxation year, subject to US Taxation of Hong Kong Income.
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Tax year in Hong Kong â–Ş The tax year in calculation of Hong Kong US
Tax runs from April 1 to March 31 of the next year. This is largely like the actual financial year. â–Ş Penalties apply for breaches of the time limits in filing returns
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Instances of tax withholding in Hong Kong â–Ş No payroll or withholding restrictions apply
for the calculation of salaries tax, apart from a payer of US Taxation of Hong Kong Income, who is leaving the country for over one month (other than within the course of his or her employment). â–Ş Profits, property, and salaries tax all operate below a system of tax, referred to as provisional tax. Visit us:- http://www.htj.tax/us-tax-irs-hong-kong/
Reasons to opt for US Tax Hong Kong are – ▪ If you are a U.S. subject or a resident alien of
the US and you reside in Hong Kong, U.S. expat tax in Hong Kong relies on your overall financial gain ▪ However, once it involves your US ex-pat tax in the city, you will qualify to scale back your U.S. nonexempt financial gain up to a major value of your foreign earnings that are adjusted annually for inflation Visit us:- http://www.htj.tax/us-tax-irs-hong-kong/
Important aspect of US Tax Hong Kong It is important for a client to discuss all details of foreign assets held by them for the purpose of US Tax Hong Kong. These include the following – ▪ ▪ ▪ ▪ ▪
Bank account Assets Passive income Foreign company ownership Investment account Visit us:- http://www.htj.tax/us-tax-irs-hong-kong/
Contact Us ▪ Address:-
1103-5 Allied Kajima Building, 138 Gloucester Road, Wanchai, Hong Kong ▪ Postal code: 518023 ▪ HK: +852 8172 1040