Hi All,
This is my first time doing the taxes here in Hong Kong. I have a few questions to ask:
1) During 2016 I have been employed as an Intern in HK with a Bank at around 20K a month (need to calculate the full amount). Does this go in Section 4.1 Salaries Tax - Income?
2) From Jan 2017 I am fully employed by another company and I have been using the rental reimbursement scheme. How do I calculate the "total value of ALL places of residence provided"? Should I just sum up rent paid to the landlord from date of employment to 31st March?
3) Based on my calculations, if you earned more than 420K a year you should opt for flat 15%, while if less you should go with progressive taxation. How do I choose which one I prefer? Do I need to Tick YES in PART 6 Personal Assessment for flat rate?
Thanks a lot!