In Hong Kong, the income tax rate varies from 2% of total taxable income for the poorest people, to 17% for the more wealthy. If tax is calculated on net income (after deductibles) then a flat 15% rate is used for all.
Estate tax has been abolished in Hong Kong.
about 1 or 2 weeks
It has increased the Mainland visitors who travel to Hong Kong monthly. The crime rate has also decreased under the scheme.
hong kong, china
Hong Kong DollarsThe Hong Kong Dollar or HKD.Hong Kong Dollars.
Hong Kong is a city in China, which is on the continent of Asia.
Believe or not, it's 100%. Hong Kong and Singapore are both 100% and also the highest rate in Asia.
Hong Kong uses its own currency, The Hong Kong Dollar. It is accepted all over Hong Kong, The New Territories and Macau.Hong Kong Dollars
Currently, 1 Hong Kong Dollar (HKD) = 0.1287 United States Dollars (USD)The exchange rate is 1 USD = 7.7729 HKD.
Hong Kong - 7.42, had the lowest birth rate in 2009...
Although, the Hong Kong government does not enforce a sales tax, it does implement taxes on other aspects such as income tax, house taxes, etc. Revenue is also obtained through tickets, public events, and transportation.