Legislative Branch of Government. Hong Kong has only one legislative chamber composed of 70 members. 40 members are elected by the public through a majority vote. The remaining members of the legislative council are elected by selected representatives from specific sectors in the country. The members are elected every four years. A VAT registration number is alphanumeric and consists of up to 15 characters. The first two letters indicate the respective member state, for example DE for Germany. When entering your VAT number, it must include the two letters that identify your EU member state (e.g. DK for Denmark, EL for Greece, and UK for the United Kingdom). 
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Salaries tax capped at 15 percent Property tax of 15 percent Here are the taxes which Hong Kong does not impose: No sales tax or VAT No withholding tax No capital gains tax No tax on dividends No estate tax Free Trade Port Another benefit of setting up business in Hong Kong is its free trade policy. Unusually, most financial services are liable to VAT, including deposit account interest. Also, sales of residential property between consumers is subject to VAT, unlike in most other countries. VAT is only applicable in mainland China. The Special Administrative Regions of Hong Kong and Macau are excluded.
Rates. Reduced VAT / GST rate. Not applicable. Standard VAT / GST rate. Not applicable. High VAT / GST rate. Not applicable. The goods and services tax (GST) was a proposed value-added tax in Hong Kong. Consultation over a period of nine months was launched on 19 July 2006 and stirred considerable controversy. It launched a fierce debate amongst local taxpayers, lawmakers, journalists, politicians, who hotly debated the need for the tax, and the shape any taxes. 
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Under the United States-Hong Kong Policy Act of 1992, the U.S. affords Hong Kong special status as a part of China and agreements governing a range of interactions including commerce between the U. The rate of income tax in Hong Kong is 16.5%. For income up to HKD 2,000,000 (~ USD 250,000) the tax rate is 8.25%. The rates for self-employed individuals are 15% and 7.5%, respectively. Capital Gains Tax Capital gains are not subject to tax.
Value Added Tax Rates (VAT) By Country Published on December 15, 2016 This page is for reference purposes only. While updated periodically, it should not be construed as an authoritative list of all applicable VAT rates. Visitors are encouraged to contact representatives of the country or territory in question for official rates. Value-added tax (VAT) rates Standard VAT rates for WWTS territories This table provides an overview of statutory VAT rates. In instances where a territory has a consumption tax similar to a VAT, that tax rate is provided. 
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Hong Kong SAR does not have a VAT, goods and services tax, or sales tax. Customs duties There is no tariff on general imports in Hong Kong SAR. Excise tax Duties are levied on limited categories of dutiable commodities (i.e. tobacco, liquor, methyl alcohol, and hydrocarbons), regardless of whether they are imported or locally manufactured. If you are doing business with Hong Kong companies and would like to know more information about them, the Hong Kong Companies Registry offers online search services on companies registered in Hong Kong.
Answer 1 of 4: Hi Is there VAT refund for tourist in HK? Thanks. Hong Kong. Hong Kong Tourism Hong Kong Hotels Hong Kong Bed and Breakfast Hong Kong Vacation Rentals. Must See/Do in Hong Kong; Need a Hotel in Hong Kong; HK Island vs. Kowloon? Hong Kong Visa Requirements; Octopus Card; Weather and Climate in HK; Hong Kong V.A.T There is no Value Added Tax, VAT ,GST or any other sales tax in Hong Kong. Hong Kong Real Estate Transfer Tax There is no real estate transfer tax in Hong Kong. Hong Kong Inheritance and Gift Tax There are no inheritance and gift taxes in Hong Kong. 
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The Inland Revenue Ordinance and its subsidiary legislation the Inland Revenue Rules is the governing statute regarding corporate and individual taxation matters in Hong Kong. Furthermore, stamp duty and estate duty are imposed under the Stamp Duty Ordinance and Estate Duty Ordinance respectively. The three biggest changes are: 1. Removal of the €22 import VAT exemption. 2. Introduction of an Import One-Stop Shop (IOSS) 3. Certain online marketplaces becoming the VAT collector. The UK has already introduced changes to its VAT rules in January 2021, following its departure from the EU. For more information on these changes, please.
