Tax in Asia
Hong Kong Tax
Hong Kong's taxation system is refreshingly simple. Residents and expats enjoy a relatively low rate of tax.
- Hong Kong offers significant tax advantages for married couples and families, making the territory even more attractive.
- According to a Mercer report, families normally get to keep over 90 percent of their income.
- If your employer stumps up for your rent, this will be tax free.
- There also is no capital gains tax, no inheritance tax, no sales tax, or even any VAT.
- This page is intended to be a very brief overview and everyone's situation will be different. You'd be wise to seek the advice of a good accountant.
- You may be required to pay some of your tax in advance!
- Find out more at the Hong Kong Government's website, where they have a very handy online tax calculator: www.ird.gov.hk
Malaysian Tax
Malaysia is a very tax friendly country. Income tax rates are low and many taxes which are raised in other countries, do not exist in Malaysia.
- Taxes like estate duties, annual wealth taxes, accumulated earnings tax or federal taxes are not levied in Malaysia.
- All persons staying in Malaysia for more than 182 days are considered as residents under Malaysian tax law, regardless of nationality.
- All persons staying less than 182 are regarded non-residents and are taxed on a different scale.
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