HK Tax Tips

Maximizing Your Tax Savings with QDAP: A Complete Guide for Hong Kong Taxpayers

Ever wondered if those tax-deductible annuities are actually worth your money? You’re not alone! Many Hong Kong taxpayers have heard about Qualified Deferred Annuity Policies (QDAP) but aren’t sure if they’re the right choice. What Exactly Is a QDAP? A QDAP is a retirement savings product that comes with tax benefits. It’s designed to provide […]

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Right-Sizing Your QDAP: Why $60,000 Isn’t Always the Magic Number

When it comes to tax-deductible annuities in Hong Kong, there’s a common misconception that you should always max out your Qualified Deferred Annuity Policy (QDAP) at $60,000 annually. But is this one-size-fits-all approach really the smartest move for your finances? The 17% Tax Rate Sweet Spot The real magic of QDAP tax benefits happens at

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Understanding Hong Kong’s Rental Reimbursement Scheme: A Simple Guide

Feeling confused about your company’s rental reimbursement scheme? You’re not alone! Many Hong Kong employees hear about this benefit but aren’t quite sure how it works or if it’s right for them.What Exactly Is a Rental Reimbursement Scheme? Despite what the name suggests, a rental reimbursement scheme (RRS) isn’t usually about your company giving you

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Hong Kong Tax Season 2024/25: Complete Timeline and Important Deadlines

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)

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