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Indirect tax GST or VAT

  1. #1

    Join Date
    Apr 2019
    Posts
    14

    Indirect tax GST or VAT

    Hi friends, I would like to know that HONGKONG have indirect taxes like GST OR VAT same as other countries have on general commodities.?
    e.g; GST on beverages, food items etc


  2. #2

    Join Date
    Oct 2006
    Location
    Hong Kong
    Posts
    13,309

    Yes, its called rent.

    mrgoodkat, MandM! and drumbrake like this.

  3. #3

    Join Date
    Feb 2011
    Location
    Hong Kong
    Posts
    5,509
    Quote Originally Posted by Jawad.sh
    Hi friends, I would like to know that HONGKONG have indirect taxes like GST OR VAT same as other countries have on general commodities.?
    e.g; GST on beverages, food items etc
    There are no taxes on purchases. There are import taxes built into petrol, alcohol and tobacco. Personal profit tax is zero. Salary and company taxes are low. Property and cars have stamp duties and taxes. Very simple system.