The government's flagship, simplified New Tax Regime has slowly but surely gained tax payers' acceptance. In Assessment Year 2024-25, 72% of taxpayers opted for it. Is this change here to stay?

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(2) The performance data in the table does not reflect the deduction of taxes that a shareholder would ... We also traveled to Hong Kong to meet, once again, with CEO/founder William Huang and ...

Tax calculations ... Section 80G: Allows for deductions on donations made to prescribed funds and charitable institutions. Section 80GG: Provides deductions for rent paid by individuals who ...

Hong Kong’s government is exploring options to raise taxes on the city’s highest earners for a second straight year to plug shortfalls in its budget, according to people familiar with the matter.

HONG KONG – Hong Kong’s government is exploring options to raise taxes on the city’s highest earners for a second straight year to plug shortfalls in its budget, according to people familiar ...

Unlike the old tax regime, where deductions could be claimed on up to two self-occupied properties, the new regime doesn’t have this provision. However, the 30% standard deduction on rental ...

Hong Kong should maintain its low tax regime, preserve its currency peg to the US dollar and embrace the trading of digital assets to attract more capital from global family offices, some ...

Palace Studios Expands Wellness Offering with Palace Six, A Dedicated Yoga Studio in Central Hong Kong Hong Kong ... for booking yoga studios for rent by the hour. This eliminates the need ...

However, when calculating income earned from a short-term rental for a tax year after 2023, the new income tax rules do not allow the deduction of a non-compliant amount. For more information on ...

How is it different from tax deductions? Tax deductions are claims made to reduce taxable income from various investments and expenses incurred by a taxpayer, reducing the overall tax liability.