I'm moving from the US to Hong Kong in a few months. I am a US citizen and my firm is providing $50k US per year for housing. So that's HK $32.5k per month. I've read through this forum but I am still confused as to what I have to pay in taxes in terms of the housing allowance. THis would affect what kind of apartment I look for when I get there so I would really appreciate any and all of your help.
Since bonuses in the US are taxed at almost 50%, will my $50k US/year housing allowance also be taxed at 50%?