Hi folks,
Wondering if there's some tax gurus around here to help me with the income tax question. I am new to HK, starting the new job in mid June. My job will put me to a lot of travels (approx. 80% of the time - guess what I do!) so I am wondering how my income is going to be taxed.
I found out from earlier threads (very helpful!) that in HK you are taxed at a flat rate of around 16%, that there's no tax withholding, etc. My question is, am I going to be taxed on the actual number of days that I am in HK during the year, or the 80% travel outside HK doesn't really affect my tax bill.
If I am taxed for, say, 70 days for the financial year 06/07, where else should I pay the tax? I travel to mainland China, Japan, Korea, S'pore, the US, Europe... You name it...
Thanks a bunch guys.