Hello, I currently live in the UK and have been contacted about a job in Hong Kong. Given the state of the economy in the UK I am very tempted to make the move and I have been to Hong Kong before so I know I will like the place. I do however have concerns over tax. Say I was to work in work in Hong Kong for only 8 months and had to return to the UK permanently for any reason (redundancy, family problems, etc) would I be taxed on my Hong Kong income when I return to the UK even though I will have already been taxed in Hong Kong? I understand Hong Kong is one of the few countries that the UK does not have a double taxation agreement with but it seems very unfair that you should be taxed twice on the same income, wherever it is earned. My intention of course would be to remain in Hong Kong for the foreseable future (and become UK non-resident for tax purposes) but you never know what can happen. Any advice on this would be greatly appreciated. Thanks John
China - 2 Answers
Random Answers, Critics, Comments, Opinions :
1 :
Hong Kong has signed with many places no double taxation agreement, I'm not sure if she signs with the UK. If not then yes, you're required to pay around 15% salary tax which is among the lowest in the world.
2 :
Spend a whole year april to april out and you are non resident, and simply don't tell the UK government, I never do and when the UK government asks the HK government if they do, the HK government laughs and throws the letter in the bin. If you are stupid enough to declare it at both ends you get relief on the lower of the tax paid, but since HK tax is so low you'll get raped on UK tax.
