As taxes in Hong Kong are based on the territorial principle, nationality, residency or domicile are not relevant in determining whether an individual is liable to tax.
Liability to tax is assessed on an individual’s employment income to the extent that it arises in or is derived from Hong Kong, namely if it is earned from employment bearing a locality in Hong Kong or if it relates to services performed in Hong Kong.
Whether a person has a Hong Kong employment is determined by a number of factors, including whether that person has entered into a contract with a Hong Kong employer or resident company.
Hong Kong has comprehensive double taxation agreements in place with Belgium, Luxembourg, China and Thailand only. The Hong Kong government is currently negotiating a number of additional double taxation agreements of various types.
http://www.ailo.org/common/externalPage.asp?intURL=/publications/default.asp&extURL=/downloads/Hong_Kong_2009.pdf
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment