The objective of Hong Kong Taxation and Financial Planning is to give readers with tax education from the fundamental to the advanced level of taxation planning. At the same time this book is an invaluable tool for students preparing for their various examinations for the preparation of both professional and academic examinations. This is also a comprehensive handbook on subjects such as business taxation, land taxation, stamp duty, central Excise duties, vehicle licensing, Chinese restaurants, personal possessions and Hong Kong income tax. The book has detailed discussions on important issues such as how to calculate the amount of taxes you need to pay and what are your tax options if some tax responsibilities become unavoidable. The book also offers tips on how to become an ideal Hong Kong resident by maximizing your tax benefits. The book starts with a brief introduction on concepts that will be required for understanding tax planning and the application of the various concepts in practical applications. The first chapter presents the basic concepts on money and banking, including an account of bank deposits and withdrawal, the theory of wealth creation and investment, and the concept maps. The second chapter focuses on the application of the tax system, particularly looking at the Hong Kong Income Tax System. The third chapter looks at difficult tax questions and tax planning strategies, with a specific reference to answering the CCJs. The next two chapters cover concepts related to estate and gifts, property and wealth, and corporations. These topics are further discussed in chapters that each have five parts, dealing with: the estate and gifts, property and wealth, corporations, gift taxes, and the National Insurance system (NIS). Each of these chapters consists of suggested answers to exam questions, plus detailed explanations of the concepts. These chapters are very useful to any prospective Hong Kong resident preparing for examinations. In chapter four, a detailed look at Hong Kong tax law and the tax planning options open to residents are presented. The different types of tax, the income tax brackets, and tax relief options are briefly explained. The fourth chapter also looks at Hong Kong's complicated tax system, including the tax collection and administration processes, as well as the compulsory and voluntary methods of taxation. Visit this website to learn more about these services. The fifth chapter looks at some simple ways of reducing your tax liability. Hong Kong taxpayers are encouraged to become aware of the tax planning options open to them, including special benefits agreements, tax-saving options, and refund arrangements. Recommended solutions to problems are also given, such as the option to pay off your tax bill in full, and the non-dominant status of corporations. The complete treatment of Hong Kong taxation and tax planning is rounded up by a look at the different legislations covering tax matters in detail. The book ends with a brief survey of some of the many topics covered in detail in the companion booklet, Tax Matters in Hong Kong. Detailed schedules are included to guide the reader from topic to topic. The book should be used as a reference for anyone who is new to tax planning in Hong Kong. It should also be valuable to anyone wanting to become an expert in tax law or taxation in general. You can get more enlightened on this topic by reading here: https://en.wikipedia.org/wiki/Tax_advisor.
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1/18/2023 11:27:05 pm
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