We’re officially in tax season, which means the “green bomb” will be landing in your mailbox soon! To help you maximize your tax savings, we’ve gathered eleven powerful deduction strategies many Hong Kong taxpayers overlook. 1. Extra $20,000 Mortgage Interest Deduction for Parents Have a child born on or after October 25, 2023? You could […]
11 Tax Deduction Strategies Hong Kong Taxpayers Often Miss Read Post »
Paying rent in Hong Kong’s expensive property market? You might be eligible for tax savings through either your company’s rental reimbursement scheme or the government’s domestic rent deduction. But which option puts more money back in your pocket? Let’s break down both options in simple terms! How Company Rental Reimbursement Works Many Hong Kong employers
Rental Reimbursement vs. Domestic Rent Deduction: Which One Saves You More Tax? Read Post »
Ever heard of the “Tax Reduction Trinity”? These three powerful tax deduction mechanisms could save you thousands of dollars each year. Let’s break them down in simple terms! What is the “Tax Reduction Trinity”? The “Tax Reduction Trinity” refers to 3 new tax-deductible items: The beauty? They not only reduce your tax bill but also
The ‘Tax Reduction Trinity’: TVC, QDAP and VHIS Explained Read Post »
It’s that time of year again! The “green bomb” (tax return) is about to land in your mailbox. Are you prepared for the 2025 tax season? Whether you’re a seasoned taxpayer or filing for the first time, understanding the key dates and deadlines will help you stay organized and avoid unnecessary penalties. Pre-filing Preparation (January-April)
Hong Kong Tax Season 2024/25: Complete Timeline and Important Deadlines Read Post »
