Sorry about this as I do hope someone can help me. I was looking through the Hong Kong Guide for Tax assessment and I understand the progressive way of applying the rates. Can I just ask however, as to whether the taxable amount is on a monthly basis or is it yearly?
e.g Earn 10k a month,
would you apply the rates to 10k and calculate monthly tax summing together,
OR
would you apply the tax rate to 120k for the whole year, as the figure would be quite different due to the progressive nature.
Really hope someone can enlighten me
Thanks!!