2023-07-31Hong Kong Salaries Tax – Place of Residence Provided to an Employee
Type of accommodation |
Percentage |
Residential unit/serviced apartment |
10% |
2 rooms in a hotel, hostel or boarding house |
8% |
1 room in a hotel, hostel or boarding house |
4% |
|
|
HK$ |
Income |
$(50,000 x 12) |
600,000 |
RV |
$(600,000 x 10%) |
60,000 |
Assessable Income |
|
660,000 |
|
|
HK$ |
Income |
$(50,000 x 12) |
600,000 |
RV |
$600,000 x 10% - $(2,000 x 12) |
36,000 |
Assessable Income |
|
636,000 |
- https://www.gov.hk/en/residents/taxes/salaries/salariestax/chargeable/residence.htm