Understanding Taxes For Us Citizens Living In Hong Kong

June 8, 2023 ⚊ 1 Min read ⚊ Views 58 ⚊ BUSINESS

The first step in understanding taxes in Hong Kong is to determine your residency status. Hong Kong follows a territorial tax system, which means that only income earned within Hong Kong is subject to taxation. If you are a US citizen living in Hong Kong for more than 180 days, you will be considered a tax resident in Hong Kong. This means that you will be subject to tax on your worldwide income, including income earned outside of Hong Kong.

Read details: https://www.atoallinks.com/2023/understanding-taxes-for-us-citizens-living-in-hong-kong/

Tags: US Citizens Living in Hong Kong

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