Hong Kong Tax

/Hong Kong Tax

Tax Updates and Reminders – June 2021

Tuesday June 15th (not Wednesday as we accidentally indicated in a prior email) is the extended due date for many U.S. taxpayers to file their 2020 taxes. It is also the 2021 2nd quarter estimated tax payment deadline (if necessary). Good job if you have already filed your 2020 U.S. Taxes!   2021 ESTIMATED TAX PAYMENTS If you need to pay [...]

General Hong Kong Tax Guide

Do you need assistance with Hong Kong salaries tax? Here is an overview of the general individual taxation system in Hong Kong. In Hong Kong, Hong Kong adopts a territorial source principle of taxation. Individuals are taxed only on income that has been “earned in Hong Kong”. There is no capital gains tax, no interest/dividend tax and no inheritance [...]

Foreign Earned Income Exclusion for U.S. Taxpayers living abroad

If you are a U.S. citizen or a U.S. resident alien living in a foreign country, you are subject to the same U.S. income tax laws that apply to citizens and resident aliens living in the United States. One potential benefit for U.S. taxpayers living abroad is the foreign earned income exclusion and housing exclusion [...]