TEST
There are a few reasons that our tax system can attract people to
invest in Hong Kong.
First, the rate of tax on profits is very low. Second, only
income and profits gained from Hong Kong are subject to tax. Third,
there is no tax on interest, div1 0 idends or capital gains. Fourth, there has
been no estate duty for some sixteen years. Fifth, tax is deducted for
capital expenditure only on some items. The level of personal tax is also
very low when compared to other cities in the world.
Hong 2 0Kong has a simple system of tax, in which only certain
types of income, such as profits, salaries and property income are taxable.
This is different from an income tax system, under which a person is
subject to tax on his/her overall income from all 3 0 sources.
invest in Hong Kong.
First, the rate of tax on profits is very low. Second, only
income and profits gained from Hong Kong are subject to tax. Third,
there is no tax on interest, div1 0 idends or capital gains. Fourth, there has
been no estate duty for some sixteen years. Fifth, tax is deducted for
capital expenditure only on some items. The level of personal tax is also
very low when compared to other cities in the world.
Hong 2 0Kong has a simple system of tax, in which only certain
types of income, such as profits, salaries and property income are taxable.
This is different from an income tax system, under which a person is
subject to tax on his/her overall income from all 3 0 sources.
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